Bed Bath & Beyond, Inc. Announces Employee Inducement Grants
Businesswire·2025-12-09 21:30

Core Viewpoint - Bed Bath & Beyond, Inc. has approved inducement awards for two new executives as part of its strategy to attract talent and enhance its leadership team [1][2]. Group 1: Inducement Awards - Glen Cary, Chief Stores Officer, received restricted stock units (RSUs) for 85,827 shares and performance stock units (PSUs) for 57,218 shares, effective December 8, 2025 [2]. - Nora Gomez, Chief Merchandising Officer, was granted RSUs for 81,385 shares and PSUs for 54,257 shares, also effective December 8, 2025 [2]. - The awards were made in accordance with New York Stock Exchange Rule 303A.08 as a material inducement for the commencement of employment [2]. Group 2: Vesting and Performance Conditions - The RSUs and PSUs are part of the Company's 2025 Employment Inducement Equity Incentive Plan and will vest annually in three equal installments [3]. - Vesting is contingent upon continued employment through each vesting date and, for PSUs, the achievement of applicable performance targets [3]. Group 3: Company Overview - Bed Bath & Beyond, Inc. is an ecommerce-focused retailer based in Murray, Utah, owning brands such as Bed Bath & Beyond, Overstock, buybuy BABY, and Kirkland's Home [4]. - The Company offers a wide range of products and services aimed at enhancing everyday life through quality, style, and value [4]. - Bed Bath & Beyond also has a blockchain asset portfolio that includes tZERO and GrainChain, among other assets [4].