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BuildABear Workshop Inc (BBW) just unveiled an announcement.
Build-A-Bear Workshop, Inc. has revised the compensation packages for its executive officers, excluding the CEO. Base salaries have been adjusted, with the CEO set to earn $787,700 annually. Additionally, the company defined performance objectives for the 2024 annual bonus program, which include profitability and revenue targets, with potential cash bonuses scaling up to 200% of base salary. Long-term incentives were also granted, consisting of a mix of performance-based and time-based restricted stock, vesting over a three-year period, and subject to the company’s achievement of specific financial goals. These compensation changes aim to align executive rewards with the company’s financial success.
Learn more about BBW stock on TipRanks’ Stock Analysis page.
