Director John J. Fawcett filed a Form 4 with the SEC on October 30, 2026, reporting two open-market purchases of Bread Financial Holdings, Inc. preferred stock depositary shares on October 28, 2026.

Key Highlights

  • Reporting person: John J. Fawcett, Director at Bread Financial Holdings, Inc. (NYSE:BFH)
  • First purchase: 3,000 depositary shares acquired at $24.69 per share on October 28, 2026
  • Second purchase: 2,000 depositary shares acquired at $24.71 per share on October 28, 2026
  • Total beneficial ownership following transactions: 5,000 depositary shares, held directly
  • Security: Each depositary share represents a 1/40th interest in a share of BFH's 9.375% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, with a liquidation preference of $25 per depositary share
  • Transaction codes: Both transactions coded "P" (open-market purchase)

Fawcett's October 28 Purchases of BFH Series C Preferred Depositary Shares

According to the Form 4 filed on October 30, 2026, John J. Fawcett, a director of Bread Financial Holdings, Inc. (NYSE:BFH), reported two purchases of preferred stock depositary shares executed on October 28, 2026. In the first transaction, Fawcett acquired 3,000 depositary shares at a price of $24.69 each. In the second transaction, he acquired an additional 2,000 depositary shares at $24.71 each. Both transactions were direct holdings and carried transaction code "P," indicating open-market purchases.

Following the two transactions, the filing disclosed that Fawcett beneficially owned 5,000 depositary shares in total, held directly. As explained in the filing's footnotes, each depositary share represents a 1/40th interest in one share of BFH's 9.375% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, which carries a par value of $0.01 per share and a liquidation preference of $25 per depositary share, equivalent to $1,000 per share of Series C Preferred Stock.

The filing noted that the Series C Preferred Stock is "a non-convertible perpetual preferred equity security of BFH." According to the filing, holders of the Series C Preferred Stock "generally will have no voting rights, except for the right to elect two additional directors if BFH fails to pay dividends for six quarterly dividend periods (whether or not consecutive), and in certain other events." The form was signed by Benjamin L. Morgan as Attorney in Fact on October 30, 2026.

What Was Disclosed

Director John J. Fawcett reported two open-market purchases totaling 5,000 depositary shares of BFH's Series C Preferred Stock on October 28, 2026, at prices of $24.69 and $24.71 per share, resulting in direct beneficial ownership of 5,000 depositary shares.