secwatch.observer — SEC 8-K summary
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Issuer:     BED BATH & BEYOND, INC. (BBBY)
CIK:        0001130713
Form:       8-K/A
Filed at:   2026-01-23T23:59:59+00:00
Accession:  0001130713-26-000010
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BBBY details CEO Lemonis pay: $300K salary, $2.2M bonus target, equity awards subject to shareholder vote
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- Base salary of $300K per year; target annual bonus of $2.2M (up to 150% of target) with guaranteed monthly draws of $58,333.33.
- Equity awards include 1.5M RSUs vesting over 4 years and 600K performance shares (target) over four 1-year periods, contingent on stockholder approval at 2026 annual meeting.
- Annual equity awards of $4.5M target value expected starting 2027, subject to board approval and share availability.
- Severance provisions on qualifying termination; non-compete covenant for one year post-employment with exceptions for Camping World Holdings role.
- CEO may continue as Co-Founder and Special Advisor to Camping World Holdings as a permitted outside activity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130713/000113071326000010/0001130713-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130713/000113071326000010/byon-20251230.htm
  HTML page:      https://secwatch.observer/filing/0001130713-26-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer