Form 4: BJ's Restaurants Director James Dal Pozzo Receives Restricted Stock Unit Award

BJ's Restaurants Inc. Director James Dal Pozzo reported the acquisition of 2,747 Restricted Stock Units, valued at $45.52 per share, as part of his beneficial ownership.

Summary

• James Dal Pozzo, a Director of BJ's Restaurants Inc. (BJRI), acquired 2,747 shares of common stock on June 19, 2025.
• These shares represent a Restricted Stock Unit (RSU) award, with each unit valued at $45.52.
• The 2,747 Restricted Stock Units are scheduled to vest in a single installment on June 19, 2026.
• Following this transaction, Mr. Dal Pozzo beneficially owns a total of 26,964 shares of BJRI common stock.
• The total beneficial ownership amount of 26,964 shares includes 4,790 unvested Restricted Stock Units.

Sentiment

Score: 7

Explanation: The filing indicates a routine equity award to a director, which is generally a positive sign of alignment between management and shareholders, without any negative implications or unexpected events.

Positives

• Director James Dal Pozzo received an award of 2,747 Restricted Stock Units, which aligns his long-term interests with the company's performance and shareholder value.

Risks

• The 2,747 Restricted Stock Units are unvested until June 19, 2026, meaning the shares are not fully owned until that date and are subject to forfeiture conditions typically associated with RSU awards, such as continued employment.

Future Outlook

The filing indicates a future vesting event for the Restricted Stock Units on June 19, 2026, which is designed to align the director's long-term incentives with the company's performance and shareholder returns.

Industry Context

This Form 4 filing reflects a standard equity compensation practice for directors in publicly traded companies within the restaurant industry, aiming to align their interests with long-term shareholder value and retention.

Comparison to Industry Standards

• Equity awards like Restricted Stock Units are a common form of director compensation across various industries, including the restaurant sector, as they provide a long-term incentive tied to stock performance.
• While specific compensation levels vary by company size, performance, and board structure, the use of RSUs for long-term incentive alignment is a widely accepted corporate governance practice.

Stakeholder Impact

• Shareholders: The award of Restricted Stock Units to a director aligns their interests with long-term shareholder value, as the value of the award is directly tied to the company's stock performance.

Next Steps

• The 2,747 Restricted Stock Units are scheduled to vest on June 19, 2026, at which point they will convert into shares of common stock.

Key Dates

Keywords

BJ's Restaurants Inc., BJRI, Form 4, SEC filing, insider transaction, Restricted Stock Units, RSU, director compensation, equity award, beneficial ownership