Form 4: BJ's Restaurants EVP Exercises Options, Adjusts Holdings

Kendra D. Miller, EVP & General Counsel of BJ's Restaurants, exercised stock options and adjusted her common stock holdings, resulting in a net change in beneficial ownership.

Summary

• Kendra D. Miller, EVP & General Counsel of BJ's Restaurants, Inc. (BJRI), reported transactions on January 14, 2026.
• Exercised non-qualified stock options to acquire 929 shares of common stock at an exercise price of $42.41 per share.
• Disposed of 895 shares of common stock at $45.22 per share to satisfy exercise price and minimum statutory withholding requirements.
• Following these transactions, Miller beneficially owns 24,740 shares of common stock, which includes 4,409 unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: The filing indicates a routine insider transaction involving the exercise of stock options and a subsequent sale to cover taxes and exercise costs. This is a common event and does not signal a strong positive or negative sentiment, but rather a normal course of executive compensation. The executive retains a significant number of shares, suggesting continued alignment with shareholder interests.

Positives

• The exercise of stock options indicates a realization of value by a key executive.
• The executive maintains a significant beneficial ownership of 24,740 shares, aligning interests with shareholders.

Negatives

• A portion of shares (895) was disposed of, though this was primarily for tax and exercise cost coverage, not a discretionary sale.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The exercise of stock options and subsequent share disposal by an executive is a related party transaction.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and stock ownership, confirming a key executive's continued stake in the company.

Key Dates

Recommendation

This Form 4 details a routine exercise of stock options by an executive, followed by a sale of shares to cover taxes and the exercise price. Such transactions are common and generally do not indicate a significant change in the company's fundamentals or future prospects. The executive retains a substantial holding, suggesting continued alignment. Therefore, it does not provide a strong signal for a 'buy' or 'sell' recommendation, warranting a 'hold' position based solely on this filing.

Keywords

BJRI, BJ's Restaurants, Kendra D. Miller, Form 4, insider trading, stock options, executive compensation, beneficial ownership, common stock