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Consumer & Retail

Bath & Body Works Executive Compensation (FY25)

BBWI · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Daniel Heaf
Latest say-on-pay support
=
June 11, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): June 15, 2026
17 filings cited on this page
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302 figures on this page: 291 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Gina Boswell → Daniel Heaf
Say-on-pay support: 98.8% → 97.4% (1.4 points lower)
CEO pay ratio: 1,189:1 → 780:1 (34.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Bath & Body Works' chief executive and what were they paid?
Daniel Heaf, Chief Executive Officer, received $6,587,902 in total compensation for fiscal 2025.
What was Bath & Body Works' say-on-pay result?
The say-on-pay proposal drew 97.4% of votes cast for or against in favor at the meeting held June 11, 2026 for fiscal 2025.
Which companies are in Bath & Body Works' peer group?
The disclosed peer group names Abercrombie & Fitch Co., American Eagle Outfitters, Inc., Coty Inc., DICK's Sporting Goods, Inc. and Gap Inc., among others.
What is Bath & Body Works' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 780:1, against median employee compensation of $9,602.99.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sarah Nash
Former Interim Chief Executive Officer and Executive Chair
Departed during or after this year
◇—◇—◇—◇◇
Andrew Meslow
Former Chief Executive Officer
Departed during or after this year
◇◇————◇◇
Julie Rosen
President, Retail
◇◇◇—◇—◇◇
Gina Boswell
Chief Executive Officer
◇◇◇—◇—◇◇
Deon Riley
Executive Vice President, Chief Human Resources Officer
◇◇◇—◇—◇◇
Wendy Arlin
Chief Financial Officer
◇◇◇—◇—◇◇
Michael Wu
Chief Legal Officer and Corporate Secretary
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gina Boswell
Chief Executive Officer
◇—◇—◇—◇◇
Julie Rosen
President, Retail
◇◇◇—◇—◇◇
Eva Boratto
Chief Financial Officer
◇◇◇—◇—◇◇
Deon Riley
Chief Human Resources Officer
◇◇◇—◇—◇◇
Wendy Arlin
Former Chief Financial Officer
Departed during or after this year
◇◇——◇—◇◇
Michael Wu
Chief Legal Officer and Corporate Secretary
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gina Boswell
Chief Executive Officer
◇—◇—◇—◇◇
Julie Rosen
Former President, Retail
Departed during or after this year
◇—◇—◇—◇◇
Eva Boratto
Chief Financial Officer
◇◇◇—◇—◇◇
Deon Riley
Former Chief Human Resources Officer
Departed during or after this year
◇—◇—◇—◇◇
Michael Wu
Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
Tom Mazurek
Chief Supply Chain Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gina Boswell
Former Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Daniel Heaf
Chief Executive Officer
◇—◇—◇—◇◇
Eva Boratto
Chief Financial Officer
◇—◇—◇—◇◇
Thomas Mazurek
Chief Supply Chain Officer
◇—◇—◇—◇◇
Michael Wu
Former Chief Legal Officer and Corporate Secretary
Departed during or after this year
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Daniel HeafRSU◇——◇——◇
Daniel HeafPSU◇◇◇—◇—◇
Eva BorattoRSU◇——◇——◇
Eva BorattoPSU◇◇◇—◇—◇
Gina BoswellPSU◇◇◇—◇—◇
Gina BoswellRSU◇——◇——◇
Michael WuRSU◇——◇——◇
Michael WuPSU◇◇◇—◇—◇
Tom MazurekPSU◇◇◇—◇—◇
Tom MazurekRSU◇——◇——◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Daniel HeafPSU◇◇——
RSU◇◇——
Gina BoswellPSU◇◇——
PSU◇◇——
PSU◇◇——
Eva BorattoPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Thomas MazurekPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Michael WuPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Daniel Heaf
Chief Executive Officer · Severance agreement
Severance multiple◇
Eva Boratto
Chief Financial Officer
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sarah E. Nash
Board chair
◇◇————◇
Francis A. Hondal
◇◇————◇
Steven E. Voskuil
◇◇————◇
Steve Voskuil
◇◇————◇
Alessandro Bogliolo
◇◇————◇
Stephen D. Steinour
◇◇————◇
Juan Rajlin
◇◇————◇
J.K. Symancyk
◇◇————◇
Danielle M. Lee
◇◇————◇
Lucy O. Brady
◇◇————◇
Daniel J. Heaf, Michael Morris, Thomas J. Kuhn, Patricia Bellinger and Gina R. Boswell served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Abercrombie & Fitch Co. AND
  • American Eagle Outfitters, Inc. AEO
  • Coty Inc. COTY
  • DICK's Sporting Goods, Inc. DKS
  • Gap Inc. GAP
  • lululemon athletica inc. LULU
  • Newell Brands Inc. NWL
  • PVH Corp. PVH
  • Ralph Lauren Corporation RL
  • Sally Beauty Holdings, Inc. SBH
  • Signet Jewelers Limited SIG
  • Tapestry, Inc. TPR
  • The Estée Lauder Companies Inc. EL
  • Tractor Supply Company TSCO
  • Ulta Beauty, Inc. ULTA
  • Victoria's Secret & Co. VSCO
  • Williams-Sonoma, Inc. WSM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 11, 2026=◇◇◇
2024June 5, 2025=◇◇◇
2023June 27, 2024=◇◇◇
2022June 8, 2023=◇◇◇
2021May 9, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Daniel Heaf (Chief Executive Officer), FY2025 total compensation $6,587,902 (base salary $913,846) [exec_comp, SEC accession 0001140361-26-017465, filed 2026-04-28]

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What this page does not include

Everything above is a fact Bath & Body Works disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Bath & Body Works sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
302 figures on this page: 291 cited to the filing that reported them, 11 calculated from figures it prints.
291 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000701985-26-000018
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-017465
    2025 Summary Compensation Table · Fiscal 2025 Director Compensation · Grants of Plan-based Awards for · Grants of Plan-based Awards for Fiscal 2025 · and 2 more sections
  3. 000114036126017465
    CEO Pay Ratio
  4. 0000701985-25-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-25-096853
    2024 Summary Compensation Table
  6. 0000950103-24-009021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-24-139412
    2023 Summary Compensation Table
  8. 0000701985-23-000030
  9. 0001104659-23-070167
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-23-105105
    2022 Summary Compensation Table
  11. 0000950103-22-008474
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000950103-21-007713
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000950103-20-009937
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000950103-19-006479
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000950103-18-006263
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0000950103-17-004793
  17. 0000950103-16-013539
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Bath & Body Works executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BBWI (accessed 2026).
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17 filings cited on this page
Method: intel.velarion.ai/methodology
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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

Peers Bath & Body Works discloses

The companies named in BBWI's own disclosed peer group.

American Eagle Outfitters, Inc.Coty Inc.DICK's Sporting Goods, Inc.Gap Inc.lululemon athletica inc.Newell Brands Inc.PVH Corp.Ralph Lauren CorporationSally Beauty Holdings, Inc.Signet Jewelers LimitedTapestry, Inc.The Estée Lauder Companies Inc.Tractor Supply CompanyUlta Beauty, Inc.Williams-Sonoma, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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