Bath & Body Works CEO Daniel Heaf Granted 591,366 Performance Rights

This Form 4 filing reports that Daniel Heaf, CEO and Director of Bath & Body Works, Inc. (BBWI), was granted 591,366 performance rights on September 21, 2026. The grant is a one-time award of performance share units that may be earned at 75%, 100%, 150%, or 200% of the target level based on the achievement of stock price hurdles of $40, $60, $80, or $100, respectively, over a four-year performance period. The number of units earned will generally be reduced by 50% if the Issuer's relative total shareholder return falls below the 55th percentile of the S&P 1500 Consumer Discretionary Distribution & Retail Index. Any earned units generally vest on the fourth anniversary of the grant date, subject to the reporting person's continued employment. The performance rights have an expiration date of September 21, 2030 and are convertible into shares of Common Stock ($0.50 par value). The transaction was acquired directly with a price per share of $0.00, and Heaf holds 591,366 performance rights following the transaction. The filing was signed on September 23, 2026 by Robert J. Tannous as attorney-in-fact.