Form 4: BJ's Restaurants Director Janet Sherlock Acquires Restricted Stock Units

BJ's Restaurants Director Janet Sherlock has acquired 2,747 shares of common stock through a Restricted Stock Unit award, increasing her beneficial ownership to 23,244 shares.

Summary

• Janet Sherlock, a Director at BJ's Restaurants Inc. (BJRI), acquired 2,747 shares of common stock.
• The transaction occurred on June 19, 2025, at a price of $45.52 per share.
• These shares represent a Restricted Stock Unit (RSU) award.
• The RSU award is scheduled to vest in one installment on June 19, 2026.
• Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock.
• Following this transaction, Janet Sherlock's total beneficial ownership in BJ's Restaurants Inc. is 23,244 shares.
• The total beneficial ownership includes 4,790 unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: Slightly positive, as it reflects a director's continued equity stake and alignment with the company's performance, though it's a routine compensation event rather than an open market purchase.

Positives

• The acquisition of shares by a director, even through an RSU award, indicates continued alignment of management interests with shareholder interests.
• The increase in beneficial ownership by a director can be viewed as a positive signal regarding their confidence in the company's future.

Future Outlook

The 2,747 Restricted Stock Units acquired are scheduled to vest in one installment on June 19, 2026, indicating a future equity grant conversion.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation for a director. Such filings are common across all industries as part of executive and director compensation packages, aligning their interests with long-term company performance.

Stakeholder Impact

• Shareholders: The transaction increases a director's beneficial ownership, potentially signaling confidence in the company's future and aligning management interests with shareholder returns.

Next Steps

• The 2,747 Restricted Stock Units are expected to vest on June 19, 2026.

Key Dates

Keywords

BJ's Restaurants, BJRI, Janet Sherlock, Restricted Stock Units, RSU, Insider Trading, SEC Form 4, Director Share Acquisition, Equity Compensation