Form 4: BJ's Restaurants Director Acquires Over 2,700 Shares Through Restricted Stock Unit Award

BJ's Restaurants Inc. Director C. Bradford Richmond acquired 2,747 shares of common stock via a Restricted Stock Unit award, signaling continued insider confidence.

Summary

• C. Bradford Richmond, a Director of BJ's Restaurants Inc. (BJRI), acquired 2,747 shares of common stock on June 19, 2025.
• The acquisition was an 'A' type transaction, indicating an acquisition, and was made pursuant to a Rule 10b5-1(c) plan.
• These shares represent a Restricted Stock Unit (RSU) award, which is scheduled to vest in one installment on June 19, 2026.
• Each RSU represents a contingent right to receive one share of the Issuer's common stock.
• The price per share for this acquisition was $45.52.
• Following this transaction, Mr. Richmond directly beneficially owns 18,790 shares of common stock, which includes 14,015 unvested Restricted Stock Units.
• Additionally, Mr. Richmond indirectly beneficially owns 15,500 shares of common stock through a Trust.

Sentiment

Score: 7

Explanation: The sentiment is positive as an insider acquisition, even through an RSU award, indicates confidence from a director in the company's future prospects and aligns their interests with shareholders. However, it's not a cash purchase, which might be viewed as a stronger signal.

Positives

• The acquisition of 2,747 shares by a Director, C. Bradford Richmond, through a Restricted Stock Unit award, aligns management's interests with those of shareholders.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged, systematic acquisition strategy.

Future Outlook

The acquired Restricted Stock Units are scheduled to vest in one installment on June 19, 2026, at which point they will convert into shares of the Issuer's common stock.

Industry Context

This Form 4 filing is a standard disclosure of an insider equity transaction, common across all publicly traded companies, and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The acquisition by a director can be viewed positively, indicating insider confidence and aligning management's incentives with shareholder value creation.

Next Steps

• The 2,747 Restricted Stock Units are expected to vest on June 19, 2026, converting into common stock shares.

Key Dates

Keywords

BJRI, BJ's Restaurants, Form 4, Insider Transaction, Restricted Stock Units, Director, Beneficial Ownership, Equity Compensation