BCB Bancorp CEO reports 709,220-share stock award
BCB Bancorp Inc. Chief Executive Officer Thomas M. O'Brien reports direct ownership of 709,220 shares of common stock, reflecting a restricted stock inducement award.
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Rhea-AI Filing Summary
BCB Bancorp Inc. Chief Executive Officer Thomas M. O'Brien reports direct ownership of 709,220 shares of common stock, reflecting a restricted stock inducement award. The award vests in five equal installments of 141,844 shares each December 31 from 2026 through 2030, with specified acceleration provisions tied to Change of Control, board service, death, disability, and certain employment terminations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1, F2 | -- | -- | -- |
Footnotes (2)
- F1. Represents an award of restricted stock pursuant to an inducement grant. The restricted stock will vest as follows: 141,844 shares on December 31, 2026, 141,844 shares on December 31, 2027, 141,844 shares December 31, 2028, 141,844 shares on December 31, 2029, and 141,844 shares on December 31, 2030, subject to continued service with the Company or the Bank (whether as an employee, consultant or member of the board of directors) on each such date. The shares will fully vest earlier : (i) upon the occurrence of certain events related to or following a Change of Control or potential Change of Control, (ii) under certain circumstances if the Bank does not continue to appoint Mr. O'Brien as a member of the board of directors of the Bank or the Company or any successor or takes action to remove Mr. O'Brien as a member of the board of directors of the Bank or the Company or any successor,
- F2. (Continued from footnote 1) and (iii) under certain circumstances in the event of on Mr. O'Brien's death or disability, in each such case as specified in, and defined in, the award agreement and in the employment agreement between Mr. O'Brien and the Company effective as of June 1, 2026. In addition, a pro rata portion of the otherwise unvested shares will vest upon a termination of employment by the Company without Cause or a resignation for Good Reason prior to a Vesting Acceleration Event, as specified in, and defined in, the award agreement and in the employment agreement between Mr. O'Brien and the Company effective as of June 1, 2026.
Key Figures
Key Terms
restricted stock financial
inducement grant financial
Change of Control financial
Good Reason financial
Cause financial
Vesting Acceleration Event financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity stake does BCB Bancorp (BCBP) CEO Thomas M. O'Brien report in this Form 3?
How does the restricted stock inducement grant for BCBP’s CEO vest over time?
What events can accelerate vesting of the BCBP CEO’s restricted stock award?
Is there partial vesting protection if BCB Bancorp (BCBP) terminates the CEO without cause?
Does this BCBP Form 3 reflect an open-market stock purchase or sale by the CEO?
What role does Thomas M. O'Brien hold at BCB Bancorp (BCBP) in connection with this equity award?
AI-generated analysis. How Rhea-AI works. Not financial advice.