NewsNovo
has granted Chief Executive Officer Daniel Heaf a performance stock unit award with a target value of $10 million, a move the company says is designed to incentivize long-term strategy execution and shareholder value creation.
The Human Capital and Compensation Committee of the Board of Directors approved the award on September 21, 2026, filing an 8-K with the U.S. Securities and Exchange Commission to disclose the compensatory arrangement.
The award, equal to 591,366 shares of Bath & Body Works common stock, is tied to rigorous stock price hurdles that must be met during a four-year performance period.
To earn the units, the average closing price of the company's common stock over any 60 consecutive trading days within that period must reach specific thresholds.
Keep reading