Form 4: BJ's Restaurants EVP Reports RSU Grant, Tax Withholding

BJ's Restaurants EVP & Chief Information Officer Brian S. Krakower reported the acquisition of 2,638 Restricted Stock Units and the disposition of 978 shares for tax withholding on January 15, 2026.

Summary

• Brian S. Krakower, EVP & Chief Information Officer of BJ's Restaurants Inc. (BJRI), reported transactions on January 15, 2026.
• Krakower disposed of 978 shares of common stock at a price of $45.5 per share to satisfy minimum statutory withholding requirements on the vesting of Restricted Stock Units.
• Krakower acquired 2,638 Restricted Stock Units (RSUs) with a transaction price of $0.
• These RSUs represent a contingent right to receive one share of the Issuer's common stock per unit.
• The RSU award will vest in three equal annual installments, commencing on January 15, 2027.
• Following these transactions, Krakower beneficially owns 6,123 shares of common stock, which includes 4,667 unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: The filing reports a routine executive compensation event (RSU grant) and a standard tax-related share disposition. The RSU grant is a positive for executive alignment, while the disposition is neutral. Overall, slightly positive due to the incentive alignment.

Positives

• The grant of 2,638 Restricted Stock Units to a key executive, Brian S. Krakower, aligns his interests with long-term shareholder value.
• The RSU award vests over three years, indicating a commitment to retaining key management.

Negatives

• The disposition of 978 shares was solely to cover tax obligations related to RSU vesting, which is a standard and expected event and not indicative of a negative outlook.

Future Outlook

The Restricted Stock Unit award granted to Brian S. Krakower is structured to vest in three equal annual installments, commencing on January 15, 2027, indicating a future incentive structure tied to the company's performance over the next few years.

Industry Context

This Form 4 filing details a routine insider transaction involving executive compensation through Restricted Stock Units and subsequent tax withholding. Such transactions are common across publicly traded companies as a mechanism for executive incentive and retention, aligning management interests with long-term shareholder value in the restaurant industry.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive interests with long-term shareholder value, potentially fostering sustained performance. The tax-related disposition is a routine event with minimal impact.
• Management: Brian S. Krakower receives additional equity compensation, incentivizing his continued contribution to the company.

Next Steps

• First installment of Restricted Stock Units will vest on January 15, 2027.
• Subsequent installments of Restricted Stock Units will vest annually thereafter.

Key Dates

Keywords

BJ's Restaurants, BJRI, Form 4, Insider Trading, Restricted Stock Units, RSU, Executive Compensation, Brian S. Krakower, Stock Transaction, Tax Withholding