Build-A-Bear (NYSE: BBW) officer receives multi-year restricted stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hurt J. Christopher reported acquisition or exercise transactions in this Form 4 filing.
Build-A-Bear Workshop Inc. executive J. Christopher Hurt reported two stock awards of common shares as compensation. On April 14, 2026, he received 1,182 shares of restricted stock upon payout of an earned performance share award tied to fiscal 2023, 2024 and 2025 metrics; these shares vest on April 30, 2026, subject to continued employment. He also received a separate grant of 9,465 restricted shares that vest in three equal installments on April 30, 2027, April 30, 2028 and April 30, 2029. After these awards, he directly owns 40,694 common shares and 20,425 restricted shares of Build-A-Bear Workshop Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hurt J. Christopher
Role
Chief Ops & Experience Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,182 | $0.00 | -- |
| Grant/Award | Common Stock | 9,465 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,654 shares (Direct)
Footnotes (1)
- Grant to reporting person of restricted stock upon payout of earned performance share award under a shareholder-approved equity incentive plan. The payout was based on the level of achievement of performance metrics for fiscal 2023, 2024 and 2025. The shares will vest, subject to the reporting person's continued employment with the issuer, on April 30, 2026. Price is not applicable to grants of restricted stock. Grant to reporting person of 9,465 shares of restricted stock. The shares vest in equal installments on April 30, 2027, April 30, 2028, and April 30, 2029. After giving effect to the transactions reported in this Form 4, Mr. Hurt directly owns 40,694 shares of common stock and 20,425 shares of restricted stock of Build-A-Bear Workshop, Inc.
Key Figures
Performance-based restricted stock: 1,182 shares
Time-based restricted stock grant: 9,465 shares
Common shares held after awards: 40,694 shares
+3 more
6 metrics
Performance-based restricted stock
1,182 shares
Award upon payout of earned performance share for fiscal 2023–2025; vests April 30, 2026
Time-based restricted stock grant
9,465 shares
Restricted stock grant vesting in equal installments in 2027, 2028 and 2029
Common shares held after awards
40,694 shares
Directly owned common stock after the reported transactions
Restricted shares held after awards
20,425 shares
Directly owned restricted stock after the reported transactions
Single-vest date for performance award
April 30, 2026
Vesting date for 1,182-share performance-based restricted stock award
Installment vesting dates
2027, 2028, 2029
Equal vesting installments on April 30, 2027, 2028 and 2029
Key Terms
restricted stock, performance share award, equity incentive plan, vest, +1 more
5 terms
restricted stock financial
"Grant to reporting person of restricted stock upon payout of earned performance share award"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
equity incentive plan financial
"under a shareholder-approved equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
vest financial
"The shares will vest, subject to the reporting person's continued employment"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
installments financial
"The shares vest in equal installments on April 30, 2027, April 30, 2028, and April 30, 2029"
FAQ
What insider transactions did BBW executive J. Christopher Hurt report on this Form 4?
He reported two compensation-related stock awards. One was 1,182 restricted shares from a performance share payout, and the other was a grant of 9,465 restricted shares, both in Build-A-Bear Workshop common stock.
Were the recent BBW Form 4 transactions open-market buys or compensation grants?
They were compensation grants, not open-market purchases. Both transactions are coded as awards of restricted stock, with a price listed as not applicable for these types of equity incentive grants.