Borgonovo Lucrecia 4

What Happened

• Lucrecia Borgonovo, Chief People Officer of Victoria's Secret & Co. (VSCO), was granted 13,444 shares on 2026-03-19. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (reported value $0), consistent with a compensation grant such as restricted stock units or a similar equity award rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-19; Form 4 filed: 2026-03-23.
• Shares acquired: 13,444; price per share reported: $0.00; aggregate reported value: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: Award/Grant (Form 4 code A) — typically part of executive compensation.
• Filing timeliness: Form 4 was filed four days after the transaction date; this appears to comply with the SEC’s two-business-day filing requirement (filed on 2026-03-23 for a 2026-03-19 transaction).
• No 10b5-1, tax-withholding, or other footnotes were included in the supplied details.

Context

• Awards (code A) usually reflect company compensation programs (e.g., RSUs or restricted stock) and do not necessarily indicate the insider is buying or selling based on market views. Because the shares were acquired at $0, this is a non-cash compensation event. Retail investors should view such grants as part of pay arrangements rather than a direct bullish or bearish trading signal.