Victoria's Secret (VSCO) Chief People Officer receives 13,444-share stock grant

Rhea-AI Filing Summary

Borgonovo Lucrecia reported acquisition or exercise transactions in this Form 4 filing.

Victoria's Secret & Co. reported that Chief People Officer Lucrecia Borgonovo received a grant of 13,444 shares of common stock on March 19, 2026. The shares were awarded at no purchase price as compensation, and following this award she directly holds 13,444 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Borgonovo Lucrecia

Role Chief People Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13,444	$0.00	--

Holdings After Transaction: Common Stock — 13,444 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Borgonovo Lucrecia

(Last) (First) (Middle)

4 LIMITED PARKWAY EAST

(Street)

REYNOLDSBURG OHIO 43068

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Victoria's Secret & Co. [ VSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/19/2026		A		13,444	A	$0.0000	13,444	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Robert J. Tannous, by Power of Attorney for Lucrecia Borgonovo	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Victoria's Secret (VSCO) report for Lucrecia Borgonovo?

Victoria's Secret reported that Chief People Officer Lucrecia Borgonovo received a grant of 13,444 shares of common stock. The shares were awarded at no purchase price as compensation, increasing her direct holdings to 13,444 shares after the transaction.

Was the Lucrecia Borgonovo VSCO Form 4 transaction a stock purchase or an award?

The Form 4 shows a stock award, not an open-market purchase. Lucrecia Borgonovo received 13,444 common shares at a price of $0.00 per share, classified as a grant or award acquisition rather than a buy on the public market.

How many Victoria's Secret (VSCO) shares does Lucrecia Borgonovo own after this Form 4?

After the reported transaction, Lucrecia Borgonovo directly owns 13,444 shares of Victoria's Secret common stock. The entire position shown in the filing comes from this single grant, with no additional derivative holdings reported in the same document.

What does transaction code "A" mean in the VSCO Form 4 for Lucrecia Borgonovo?

Transaction code "A" on the Form 4 indicates a grant, award, or other acquisition of shares. In this case, it reflects a compensation-related award of 13,444 Victoria's Secret common shares, received at no cost rather than through a market purchase.

Is Lucrecia Borgonovo’s VSCO stock grant considered an open-market signal for investors?

The reported transaction is a compensation grant of 13,444 shares, not an open-market buy or sell. Such awards are typically routine elements of executive pay and carry less informational value than discretionary market purchases or sales by insiders.