BCB Bancorp (BCBP) filed a Form 4 reporting a routine equity incentive granted to Chief Executive Officer and director Michael A. Shriner. On 02/24/2025 he received an option to purchase 26,942 common shares at an exercise price of $9.91, expiring 02/24/2035. The award vests 1/3 per year beginning on the first anniversary of the grant date.
No open-market purchase or sale of common stock was disclosed in Table I. After the reported transaction Shriner directly owns 33,500 common shares and 26,942 derivative securities (the new option). Ownership is shown as direct, and the filing was submitted by a single reporting person.
The transaction is an internal compensation event with no immediate cash movement or change to outstanding share count; therefore, its impact on BCB Bancorp’s capital structure and near-term financials is minimal.