Form 4: Build-A-Bear CFO Receives Equity Compensation Grant

Build-A-Bear Workshop CFO Vojin Todorovic was granted 15,970 shares of restricted stock as part of performance and retention incentives.

Summary

• CFO Vojin Todorovic received a total of 15,970 shares of restricted stock on April 14, 2026.
• The grant includes 1,182 shares from a performance share award payout based on 2023-2025 metrics.
• A grant of 5,916 shares was issued with a three-year vesting schedule.
• A retention grant of 8,872 shares was issued with time-based vesting.
• Following these transactions, the CFO holds a total of 81,217 shares, consisting of 55,469 common shares and 25,748 restricted shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding executive compensation, which is neutral for the stock price.

Positives

• Alignment of executive interests with long-term shareholder value through equity-based compensation.
• Successful achievement of performance metrics for the 2023-2025 fiscal period.
• Retention of key financial leadership through multi-year vesting schedules.

Negatives

• Increased share-based compensation expense for the company.

Risks

• Vesting of shares is contingent upon the reporting person's continued employment with the issuer.

Future Outlook

The grants are subject to continued employment and specific vesting schedules extending through April 2029, indicating a focus on long-term executive retention.

Management Comments

• The payout was based on the level of achievement of performance metrics for fiscal 2023, 2024 and 2025.

Industry Context

StockSavvy.ai notes that equity-based compensation for C-suite executives is standard practice in the retail sector to ensure leadership alignment with long-term performance goals.

Comparison to Industry Standards

• The use of performance-based restricted stock units (RSUs) is consistent with compensation structures at peer retail companies like Hasbro or Mattel.
• Multi-year vesting schedules are standard for executive retention in the consumer discretionary industry.

Stakeholder Impact

• Shareholders: Dilution impact is generally accounted for in existing equity incentive plans.
• Employees: Reflects standard executive compensation practices.

Next Steps

• Vesting of performance-based shares on April 30, 2026.
• Vesting of installment-based shares annually from 2027 to 2029.

Key Dates

Keywords

Build-A-Bear, BBW, Insider Trading, Form 4, Executive Compensation, CFO