Build-A-Bear (NYSE: BBW) executive uses 466 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Build-A-Bear Workshop Inc. executive J. Christopher Hurt reported a small, routine share disposition related to taxes. On the reported date, 466 shares of common stock were surrendered at $35.27 per share to cover tax withholding triggered by the vesting of restricted stock, rather than being sold in the open market.
After this tax-withholding transaction, Mr. Hurt directly holds 44,331 shares of common stock and 14,718 shares of restricted stock, indicating that only a minor portion of his overall equity position was used for tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hurt J. Christopher
Role
Chief Ops & Experience Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 466 | $35.27 | $16K |
Holdings After Transaction:
Common Stock — 59,049 shares (Direct, null)
Footnotes (1)
- Shares surrendered in payment of tax withholding due upon vesting of restricted stock. After giving effect to the transactions reported in this Form 4, Mr. Hurt directly owns 44,331 shares of common stock and 14,718 shares of restricted stock of Build-A-Bear Workshop, Inc.
Key Figures
Tax-withholding shares: 466 shares
Tax-withholding price: $35.27 per share
Common stock holdings after: 44,331 shares
+2 more
5 metrics
Tax-withholding shares
466 shares
Shares surrendered for tax withholding on restricted stock vesting
Tax-withholding price
$35.27 per share
Value used for surrendered shares in tax-withholding transaction
Common stock holdings after
44,331 shares
Direct Build-A-Bear common stock owned after transaction
Restricted stock holdings after
14,718 shares
Restricted stock held after reported tax-withholding event
Total equity position after
59,049 shares
Sum of common and restricted shares following transaction
Key Terms
restricted stock, Common Stock, tax-withholding disposition, Form 4
4 terms
restricted stock financial
"tax withholding due upon vesting of restricted stock"
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.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"After giving effect to the transactions reported in this Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did BBW executive J. Christopher Hurt report?
J. Christopher Hurt reported surrendering 466 Build-A-Bear Workshop shares. The shares were used to pay tax withholding due when his restricted stock vested, meaning this was an administrative tax transaction rather than an open-market share sale.
What does transaction code F mean in the BBW Form 4 filing?
Transaction code F indicates a tax-withholding disposition. In this BBW filing, 466 shares were delivered back to the issuer to cover tax liability from restricted stock vesting, rather than being sold on the open market.
Is the BBW insider’s tax-withholding transaction large relative to his holdings?
The filing shows 466 shares were surrendered for tax withholding. Footnotes state the insider still directly owns 44,331 common shares and 14,718 restricted shares, so the tax-related disposition represents only a small fraction of his total equity position.