• Bath & Body Works granted CEO Daniel Heaf a performance stock unit award with a target value of $10 million on Sept. 21, 2026.
• Award target equals 591,366 shares, tied to stock price goals over a four-year performance period.
• Payout scales from 75% to 200% of target if a 60-day average share price reaches $40 to $100.
• Earned units vest on the fourth anniversary of the grant date, subject to continued employment or a qualifying termination.
• Earned amount is cut 50% if relative TSR ranks below the 55th percentile versus the S&P 1500 Consumer Discretionary Distribution & Retail Index.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bath & Body Works Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-399454), on September 23, 2026, and is solely responsible for the information contained therein.