Form 4: BJ's Restaurants Director Acquires Shares Through Restricted Stock Unit Award
SEC Form 4 Filing
Julius Robinson, a director at BJ's Restaurants, acquired 219 shares of common stock through a restricted stock unit award.
Summary
- Julius Robinson, a director at BJ's Restaurants, acquired 219 shares of common stock on January 15, 2025.
- The acquisition was through a restricted stock unit award at a price of $34.28 per share.
- These restricted stock units will vest in one installment on January 15, 2026.
- Each restricted stock unit represents the right to receive one share of BJ's Restaurants common stock.
- Following the transaction, Mr. Robinson beneficially owns 12,136 shares, which includes 2,043 restricted stock units.
Sentiment
Score: 7
Explanation: The transaction is a routine part of director compensation and indicates confidence in the company, but it is not a major event.
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 directors of publicly traded companies, often used as part of their compensation packages.
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 fairly standard for these types of awards.
- Comparable companies in the restaurant industry also use similar equity compensation plans to align the interests of management and shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
Next Steps
- The restricted stock units will vest on January 15, 2026.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Date of the transaction where shares were acquired through a restricted stock unit award. |
| 01/15/2026 | Vesting date for the restricted stock units. |
| 01/17/2025 | Date the form was signed by Jacob J. Guild, Attorney-in-Fact for Julius W. Robinson Jr. |
Keywords
BJ's Restaurants, Director, Julius Robinson, Restricted Stock Unit, Share Acquisition, Beneficial Ownership, Equity
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