---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-399454"
form_type: "8-K"
ticker: "BBWI"
cik: "0000701985"
company_name: "Bath & Body Works, Inc."
filed_at: "2026-09-23T20:23:38+00:00"
generated_at: "2026-09-23T20:25:20.962227+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Bath & Body Works awards CEO Heaf $10M PSU grant with stock price hurdles

## Summary
- Granted CEO Daniel Heaf 591,366 performance share units with $10M target value on Sep 21, 2026.
- Earns 75%/100%/150%/200% of target if 60-day avg close hits $40/$60/$80/$100 by Sep 20, 2030.
- Earned shares cut 50% if TSR falls below 55th percentile vs S&P 1500 Consumer Discretionary Distribution & Retail.
- Vests Sep 20, 2030 (4th anniversary) subject to continued employment; Change in Control waives TSR governor.

## SEC filing metadata
- accession: 0001193125-26-399454
- form_type: 8-K
- ticker: BBWI
- cik: 0000701985
- company_name: Bath & Body Works, Inc.
- filed_at: 2026-09-23T20:23:38+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701985/000119312526399454/0001193125-26-399454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701985/000119312526399454/d130416d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-399454
- JSON: https://secwatch.observer/filing/0001193125-26-399454.json
- Plain text: https://secwatch.observer/filing/0001193125-26-399454.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.