Form 4: Build-A-Bear Workshop CFO Receives Restricted Stock Grant as Part of Compensation

Vojin Todorovic, Chief Financial Officer of Build-A-Bear Workshop, Inc., was granted 4,698 shares of restricted common stock, vesting over three years.

Summary

• Vojin Todorovic, the Chief Financial Officer of Build-A-Bear Workshop, Inc. (BBW), received a grant of 4,698 shares of restricted common stock.
• The transaction date for this grant was June 3, 2025.
• The shares will vest in equal installments on June 3, 2026, April 30, 2027, and April 30, 2028.
• The price for this grant was $0, as is typical for restricted stock grants.
• Following this transaction, Mr. Todorovic beneficially owns a total of 77,991 shares of Build-A-Bear Workshop, Inc., comprising 67,031 shares of common stock and 10,960 shares of restricted stock.

Sentiment

Score: 7

Explanation: The sentiment is positive as the restricted stock grant aligns the CFO's interests with shareholders and is a standard practice for executive retention and motivation. It does not indicate any negative operational or financial news.

Positives

• The grant of restricted stock to the Chief Financial Officer aligns management's long-term interests with those of shareholders, incentivizing performance and retention.
• Restricted stock grants are a common form of executive compensation, indicating a standard practice in corporate governance.

Future Outlook

The restricted stock grant includes a vesting schedule extending through April 30, 2028, indicating a long-term incentive structure for the Chief Financial Officer.

Industry Context

The grant of restricted stock to a key executive like the CFO is a standard practice across various industries, particularly in retail and consumer discretionary sectors, to retain talent and align executive incentives with company performance and shareholder value creation.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of equity securities by Build-A-Bear Workshop, Inc. to its Chief Financial Officer, Vojin Todorovic, which constitutes a related party transaction as it is between the company and a key management personnel.

Stakeholder Impact

• Shareholders: The grant aims to align the CFO's interests with shareholders, potentially leading to better long-term performance and value creation.
• Employees: While not directly impacting all employees, executive compensation practices can influence overall company culture and morale.

Next Steps

• The restricted shares will vest in equal installments on June 3, 2026, April 30, 2027, and April 30, 2028.

Key Dates

Keywords

BUILD-A-BEAR WORKSHOP, BBW, Vojin Todorovic, Chief Financial Officer, CFO, Restricted Stock, Stock Grant, Executive Compensation, Insider Transaction, SEC Form 4, Beneficial Ownership