Management ChangeAug 5, 2026, 06:04 AM
Bed Bath & Beyond CEO Forfeits 1.75M Stock Options
AI Summary
Marcus Lemonis, the Executive Chairman and Chief Executive Officer of Bed Bath & Beyond, Inc., voluntarily elected to forfeit 1,750,000 stock options. These options represented all his outstanding options from a grant dated February 20, 2024. Mr. Lemonis received no consideration for this forfeiture, and the underlying shares will be returned to the company's 2005 Equity Incentive Plan to be used for future grants to other employees.
Key Highlights
- Marcus Lemonis, CEO, voluntarily forfeited stock options.
- Forfeited 1,750,000 options to purchase common stock.
- Options were granted on February 20, 2024.
- No consideration was received for the forfeiture.
- Shares returned to the company's 2005 Equity Incentive Plan.
- Purpose is for future grants to other employees.
Price Impact
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