Form 4: Build-A-Bear Workshop CAO Eric Fencl Reports Stock Grant

Eric Fencl, CAO, General Counsel & Secretary of Build-A-Bear Workshop, Inc., reports the acquisition of 6,363 shares of restricted stock.

Summary

• On April 16, 2024, Eric R. Fencl, CAO, General Counsel & Secretary of Build-A-Bear Workshop, Inc., acquired 6,363 shares of restricted stock.
• The shares were granted to Mr. Fencl and vest in equal installments on April 30, 2025, April 30, 2026, and April 30, 2027.
• Following the reported transaction, Mr. Fencl directly owns 134,750 shares of common stock and 22,565 shares of restricted stock of Build-A-Bear Workshop, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard executive compensation practice. It's neither particularly positive nor negative from an investment perspective.

Positives

• The grant of restricted stock aligns Mr. Fencl's interests with the long-term performance of Build-A-Bear Workshop.

Industry Context

Stock grants are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the retail industry, similar to practices at companies like Gap Inc. and Abercrombie & Fitch.
• The vesting schedule of the restricted stock is fairly standard, with multi-year vesting periods being common to incentivize long-term commitment.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment by aligning management's interests with those of shareholders.

Key Dates