Form 4: BJ's Restaurants Director Acquires Shares Through Restricted Stock Unit Award

Director Noah A. Elbogen acquired 219 shares of BJ's Restaurants stock through a restricted stock unit award, with vesting scheduled for January 15, 2026.

Summary

• Noah A. Elbogen, a director at BJ's Restaurants, acquired 219 shares of common stock on January 15, 2025.
• The acquisition was through a restricted stock unit (RSU) award.
• The RSU award will vest in one equal installment on January 15, 2026.
• Each RSU represents a contingent right to receive one share of BJ's Restaurants common stock.
• The price of the stock at the time of the transaction was $34.28 per share.
• Following the transaction, Elbogen beneficially owns 73,488 shares, which includes 2,043 restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard transaction of a director acquiring shares through a pre-arranged compensation plan. It indicates confidence from the director in the company's future.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The restricted stock units will vest on January 15, 2026, which will result in the director receiving the shares at that time.

Industry Context

This is a standard transaction for a director of a public company, often used as part of compensation packages to align the interests of management with shareholders.

Comparison to Industry Standards

• Restricted stock unit awards are a common form of equity compensation for directors and executives in publicly traded companies.
• The vesting period of one year is also a typical practice to incentivize long-term performance and retention.
• Similar companies such as Darden Restaurants (DRI) and Texas Roadhouse (TXRH) also use equity-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows a director's confidence in the company.

Next Steps

• The director will receive the shares upon vesting of the restricted stock units on January 15, 2026.

Key Dates

Keywords

BJ's Restaurants, Director, Stock Acquisition, Restricted Stock Units, RSU, Form 4, Insider Trading