Form 4: Director Narayan Iyengar Receives Build-A-Bear Stock Grant
Director Equity Compensation Disclosure
Build-A-Bear Workshop director Narayan Iyengar was granted 2,663 shares of restricted stock as part of his compensation.
Summary
- Director Narayan Iyengar received a grant of 2,663 shares of restricted stock on June 11, 2026.
- The granted shares are scheduled to vest on June 11, 2027.
- Following this transaction, the director holds a total of 18,716 shares, consisting of 16,053 common shares and 2,663 restricted shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not impact the company's operational outlook.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
Negatives
- None identified.
Risks
- None identified.
Future Outlook
The filing does not provide forward-looking business guidance, as it is a standard disclosure of director equity compensation.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term performance and align leadership with shareholder interests in the retail sector.
Comparison to Industry Standards
- The use of restricted stock units (RSUs) for director compensation is consistent with standard practices for mid-cap retail companies.
- The vesting period of one year is typical for annual director equity grants.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Narayan Iyengar authorized company officers to file Section 16 reports on his behalf. | 2025-09-10 | Standard administrative procedure to ensure timely regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders as this is a standard compensation event.
Next Steps
- Vesting of the 2,663 restricted shares on June 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 2025-09-10 | Power of Attorney executed by Narayan Iyengar. |
| 2026-06-11 | Grant date of restricted stock. |
| 2026-06-12 | Vesting of 1,856 previously held restricted shares and filing date of Form 4. |
| 2027-06-11 | Vesting date for the new grant of 2,663 restricted shares. |
Keywords
Build-A-Bear Workshop, BBW, Director Compensation, Insider Transaction, Restricted Stock
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