X0306 4 2020-05-13 0000701985 L Brands, Inc. LB 0001526861 McGuigan Charles THREE LIMITED PARKWAY COLUMBUS OH 43230 1 Chief Operating Officer Common Stock, $0.50 par value 2020-05-13 4 A 0 39247.0000 0.0000 A 232372.0000 D Common Stock, $0.50 par value 2020-05-13 4 F 0 16001.0000 10.6000 D 216371.0000 D Common Stock, $0.50 par value 4874.0000 I By L Brands, Inc. Savings and Retirement Plan The performance conditions for a portion of performance-based restricted stock units previously granted to Insider were satisfied on May 13, 2020, and such portion was vested and automatically settled for an equivalent number of shares of common stock of the Issuer on such date. Reflects adjustments from antidilution etc. pursuant to the Issuer's incentive plan. Robert J. Tannous, Attorney-in-Fact 2020-05-15