Form 4: BJ's Wholesale Executive Reports Stock Transactions

BJ's Wholesale Club Holdings, Inc. executive Scott Schmadeke reported transactions involving common stock, including the settlement of performance share units and restricted stock awards.

Summary

• Scott Schmadeke, EVP, Chief Operations Officer of BJ's Wholesale Club Holdings, Inc., engaged in several stock transactions on April 1, 2026.
• 2,569 shares of common stock were acquired at $0, representing the settlement of performance share units granted in 2023 that vested upon meeting performance conditions.
• 4,883 shares were disposed of at $94.61 per share, with these shares being withheld by the Issuer to cover tax liabilities related to the vesting of performance share units, restricted stock units, and restricted stock awards.
• An additional 8,191 shares of common stock were acquired at $0, representing a restricted stock unit award granted on April 1, 2026, which will vest in three equal installments over the subsequent three years.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider transactions related to compensation and vesting schedules rather than significant strategic shifts or financial performance indicators.

Positives

• Vesting of performance share units indicates achievement of company performance goals.
• Grant of restricted stock units on April 1, 2026, suggests continued incentive alignment for management.
• The executive retains a significant number of shares (36,971) after these transactions, indicating ongoing beneficial ownership.

Negatives

• A portion of shares (4,883) were withheld to cover tax liabilities, reducing the net shares received by the executive.

Future Outlook

The restricted stock unit award granted on April 1, 2026, will vest in one-third increments on each of the first, second, and third anniversaries of the grant date, indicating a future vesting schedule.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock ownership and activity. The settlement of performance-based awards and the grant of new equity awards are common practices in the retail sector to incentivize and retain key management personnel.

Stakeholder Impact

• Shareholders: Increased transparency into executive compensation and stock holdings.
• Employees: The grant of restricted stock units may indicate a positive outlook for the company's future performance, potentially benefiting other employees through broader incentive programs.
• Management: Continued alignment of executive interests with shareholder value through equity awards.

Next Steps

• Vesting of 1/3 of the restricted stock units on each of the first, second, and third anniversaries of April 1, 2026.

Key Dates

Keywords

BJ's Wholesale Club Holdings, Form 4, SEC Filing, Stock Transaction, Executive Compensation, Performance Share Units, Restricted Stock Units, Beneficial Ownership, Scott Schmadeke