Form 4: BJ's Wholesale Club EVP Laura Felice Reports Stock Transactions

Laura L. Felice, EVP and CFO of BJ's Wholesale Club Holdings, Inc., reports acquisition and disposal of common stock and restricted stock units on April 1, 2025.

Summary

• On April 1, 2025, Laura L. Felice, the EVP and Chief Financial Officer of BJ's Wholesale Club Holdings, Inc., engaged in transactions involving the company's stock.
• She acquired 19,627 shares of common stock as settlement of performance share units granted in 2022, which vested upon achieving performance conditions.
• Additionally, 15,778 shares were withheld by the issuer to cover tax liabilities related to the vesting of performance share units, restricted stock units, and restricted stock awards at a price of $114.88.
• Felice also acquired 10,880 restricted stock units, which will vest in three equal installments on the first, second, and third anniversaries of the grant date.
• Following these transactions, Felice directly owns 104,996 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and reflect standard executive compensation practices. There are no indications of unusual or concerning activity.

Positives

• The vesting of performance share units indicates that performance conditions were met, which is a positive signal.
• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.

Negatives

• The withholding of shares for tax liabilities, while standard, reduces the number of shares the executive ultimately receives.

Future Outlook

The restricted stock units will vest over the next three years, aligning the executive's compensation with the company's performance during that period.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Equity compensation practices, including performance share units and restricted stock units, are common among publicly traded companies to incentivize executives.
• The vesting schedules and performance conditions associated with these awards are typically aligned with industry benchmarks and company-specific goals.
• Comparable companies like Costco and Walmart also utilize similar equity compensation plans for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they involve the issuance and withholding of shares related to executive compensation.
• Employees may be indirectly affected by the performance incentives tied to the vesting of performance share units.

Key Dates

Keywords

Form 4, BJ's Wholesale Club, Laura Felice, stock transactions, performance share units, restricted stock units, beneficial ownership, insider trading