Bath & Body Works, Inc. — Director's Dealing 2021

Sep 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bath & Body Works, Inc. (BBWI)
CIK: 0000701985
Period of Report: 2021-08-20

Reporting Person: Nash Sarah E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-20	Common Stock, $0.50 par value	M	2283.0000	$0.0000	Acquired	34494.0000	Direct
2021-09-22	Common Stock, $0.50 par value	S	14400.0000	$66.2588	Disposed	20094.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-20	Stock Unit	$	M	2283.0000	Disposed	2023-08-20	Common Stock, $0.50 par value (2283.0000)	Direct

Footnotes

F1: In connection with the Issuer's previously announced termination of the Issuer's Supplemental Retirement Plan ("SRP"), the outstanding deferred stock units ("DSUs") held by the Reporting Person under the Issuer's Stock Award and Deferred Compensation Plan for Non-Associate Directors were required to be terminated and settled in shares of common stock pursuant to the requirements of the Internal Revenue Code of 1986, as amended (the "Mandatory DSU Settlement"). Reflects the sale of shares of common stock underlying the DSUs in order to satisfy the Reporting Person's tax liabilities incurred as a result of the Mandatory DSU Settlement and other board compensation in 2021.

F2: This award converts to common stock on a 1-for-1 basis.

F3: Stock units vest 30% on the first and second anniversaries of the date of grant and 40% on the third anniversary of the date of grant.