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From Home Furnishing Business
Bed Bath & Beyond Announces Employee Inducement Grant for Rick Lofton
November 17,
2025 by Karen Parrish in Business Strategy, Industry 
Bed Bath & Beyond, Inc., owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, announced that the Compensation Committee of the Company’s Board of Directors approved a grant of restricted stock units covering 116,686 shares of the Company’s common stock and a grant of performance stock units covering 58,343 shares of the Company’s common stock to Rick Lockton, effective Nov 14.
The awards were granted in accordance with New York Stock Exchange Rule 303A.08 as a material inducement to Mr. Lockton’s commencement of employment with the Company as its Executive Vice President, Chief Digital, Product, and Technology Officer on Nov 3.
The RSUs and PSUs were granted under the Company’s 2025 Employment Inducement Equity Incentive Plan and vest annually in three equal installments, subject to Mr. Lockton’s continued employment with the Company through each vesting date and, in the case of the PSUs, the applicable performance targets being achieved.