BAYONNE, N.J., June  05, 2026  (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the &#34;Company&#34;), (NASDAQ:BCBP), the holding company for BCB Community Bank (the &#34;Bank&#34;), today announced that, as previously reported on its Form 8-K

BCBP

BCB Bancorp, Inc. Announces Inc. Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

BCB Bancorp awards 709,220 restricted shares to new CEO O'Brien

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>BAYONNE, N.J., June  05, 2026  (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the &amp;#34;Company&amp;#34;), (NASDAQ:BCBP), the holding company for BCB Community Bank (the &amp;#34;Bank&amp;#34;), today announced that, as previously reported on its Form 8-K</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BCB Bancorp granted 709,220 restricted shares to Thomas M. O&#039;Brien as inducement for him to become CEO and President. Vesting is 20% per year on Dec 31 of 2026, 2027, 2028, 2029 and 2030, subject to service and certain full vesting triggers. The development signals leadership transition and potential near-term dilution risk for shareholders.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>BCB Bancorp grants 709,220 restricted shares to CEO Thomas O&#039;Brien; vesting 2026–2030.</li><li>Inducement award linked to employment agreement; Nasdaq Rule 5635(c)(4) compliance noted.</li><li>First vesting date Dec 31, 2026; subsequent vesting through 2030.</li><li>Company announces leadership change with new CEO appointment.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>BCB Bancorp, Inc. (BCBP)</strong>: Announces inducement restricted stock grant to new CEO; potential near-term dilution.</li><li><strong>Thomas M. O&#039;Brien (N/A)</strong>: Appointed CEO; inducement grant of 709,220 restricted shares; vesting 2026–2030.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This article describes a leadership-change-related equity grant and its governance implications, which can influence dilution and strategic direction alongside near-term stock price sensitivity.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Potential near-term dilution from 709,220 restricted shares may pressure BCBP stock.</li><li>New CEO appointment could alter strategy and execution, affecting loan growth.</li><li>First vesting date Dec 31, 2026 could trigger price reaction.</li><li>Dilution concerns may impact valuation versus bank peers.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>709,220 restricted shares granted.</li><li>Vesting schedule: 20% per year through 2030.</li><li>Grant date/close of trading: June 5, 2026.</li><li>Form 8-K filed June 1, 2026.</li><li>Inducement award under Nasdaq Listing Rule 5635(c)(4).</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution risk from the CEO equity grant; reassess as vesting unfolds through 2026–2030.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">BAYONNE, N.J., June  05, 2026  (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the "Company"), (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BCBP">BCBP</a>), the holding company for BCB Community Bank (the "Bank"), today announced that, as previously reported on its Form 8-K filed on June 1, 2026, effective as of the close of trading on June 5, 2026, the Company granted 709,220 shares of restricted common stock, in accordance with Nasdaq Listing Rule 5635(c)(4), to Thomas M. O'Brien as an inducement material to Mr. O'Brien entering into an employment agreement with the Company and commencing employment as its Chief Executive Officer and President. Twenty percent of the shares of restricted stock will vest on each of December 31, 2026, December 31, 2027, December 31, 2028, December 31, 2029 and December 31, 2030, subject to Mr. O'Brien's continued service with the Bank through each such vesting date, except that in certain circumstances described in the award, the restricted stock will vest in full.</p>  <p align="justify"><strong>About BCB Bancorp, Inc.</strong></p>  <p align="justify">Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BCBP">BCBP</a>). The Bank has twenty-three branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four branches in Hicksville and Staten Island, New York. The Bank provides businesses and individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to <a href="http://www.bcb.bank" title="www.bcb.bank">www.bcb.bank</a>.</p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:10%; width:10%; min-width:10%;;vertical-align: top ; ">Contact:</td><td style="max-width:90%; width:90%; min-width:90%;;vertical-align: top ; ">Ryan Blake,<br></br>EVP, COO<br></br>Jawad Chaudhry<br></br>EVP and CFO<br></br>(800) 680-6872</td></tr><tr><td style="vertical-align: top ; "> </td><td style="vertical-align: top ; "> </td></tr></table><img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTczMjUyMSM3NjM4NTY0IzIwMjQ0Nzk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MWM5MDMyNTctNTQ1My00YmYwLWI1OWUtYzNkZDExNzQyOGIwLTEwMzYwNTEtMjAyNi0wNi0wNS1lbg==/tiny/BCB-Community-Bank.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/878b20dc-c4d1-4402-9daa-b9a79c117248"><img src="https://ml.globenewswire.com/media/878b20dc-c4d1-4402-9daa-b9a79c117248/small/bcb-bancorp-logo-002-png.png" border="0" width="150" height="29" alt="Primary Logo"></img></a></p>

BCB Bancorp granted 709,220 restricted shares to Thomas M. O'Brien as inducement for him to become CEO and President. Vesting is 20% per year on Dec 31 of 2026, 2027, 2028, 2029 and 2030, subject to service and certain full vesting triggers. The development signals leadership transition and potential near-term dilution risk for shareholders.

BCB Bancorp, Inc. Announces Inc. Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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