Form 4: BJ's Restaurants Director Noah Elbogen Boosts Stake with RSU Award

BJ's Restaurants Director Noah A. Elbogen acquired 2,747 shares of common stock through a Restricted Stock Unit award on June 19, 2025, increasing his beneficial ownership to 76,235 shares.

Summary

• Noah A. Elbogen, a Director of BJ's Restaurants Inc. (BJRI), acquired 2,747 shares of the company's common stock.
• The transaction occurred on June 19, 2025, with the shares valued at $45.52 each.
• These shares were granted as a Restricted Stock Unit (RSU) award.
• The RSU award is scheduled to vest in a single installment on June 19, 2026.
• Following this acquisition, Mr. Elbogen's total beneficial ownership in BJRI stands at 76,235 shares.
• This total beneficial ownership includes 4,790 unvested Restricted Stock Units.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even through an RSU award, generally signals confidence in the company's future performance and aligns management interests with shareholders.

Positives

• Director Noah A. Elbogen increased his beneficial ownership in BJ's Restaurants Inc. by 2,747 shares, which aligns his interests further with those of the company's shareholders.
• The acquisition was made through a Restricted Stock Unit award, a common form of equity compensation that incentivizes long-term commitment and performance from key management.

Future Outlook

The Restricted Stock Unit award acquired by Director Noah A. Elbogen is scheduled to vest in one installment on June 19, 2026, indicating a future milestone for these shares.

Industry Context

This Form 4 filing details a routine insider transaction, specifically an equity compensation grant to a director, which is a common practice across various industries to align management incentives with shareholder value. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The acquisition of 2,747 shares by Director Noah A. Elbogen was through a Restricted Stock Unit (RSU) award, representing a form of equity compensation from the issuer to an insider.

Stakeholder Impact

• Shareholders: The increased beneficial ownership by a director enhances alignment between management and shareholder interests, potentially signaling confidence in the company's future.

Next Steps

• The Restricted Stock Unit award is expected to vest on June 19, 2026.

Key Dates

Keywords

BJRI, BJ's Restaurants, Form 4, SEC filing, insider transaction, director, stock acquisition, RSU, Restricted Stock Unit, beneficial ownership