Form 4: BJ's Restaurants Exec Reports Stock Transactions

BJ's Restaurants Senior VP Alex Puchner reported the acquisition of 2,022 Restricted Stock Units and the disposition of 762 shares for tax withholding.

Summary

• Alex Puchner, Senior Vice President of Brewing Operations at BJ's Restaurants Inc. (BJRI), reported transactions on January 15, 2026.
• Puchner disposed of 762 shares of common stock at a price of $45.5 per share to satisfy minimum statutory withholding requirements upon the vesting of Restricted Stock Units.
• Puchner acquired 2,022 Restricted Stock Units (RSUs) as an award, with each RSU representing a contingent right to receive one share of the Issuer's common stock.
• These newly acquired RSUs will vest in three equal annual installments, commencing on January 15, 2027.
• Following these transactions, Puchner beneficially owns 14,773 shares of common stock, which includes 3,701 unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the grant of new Restricted Stock Units, indicating continued executive incentive and alignment with company performance. The share disposition for tax withholding is a neutral, routine event.

Positives

• The grant of 2,022 Restricted Stock Units aligns management's interests with shareholders and serves as a future incentive for performance.

Negatives

• The disposition of 762 shares of common stock for tax withholding reduces the executive's direct shareholding, though this is a standard procedure for RSU vesting.

Future Outlook

The RSU award vesting schedule indicates a long-term incentive structure for the Senior Vice President of Brewing Operations, with vesting extending through January 2029.

Industry Context

This filing reflects a routine executive compensation event within the restaurant industry, where equity awards like Restricted Stock Units are common tools for incentivizing and retaining key management personnel.

Stakeholder Impact

• Shareholders: The RSU grant aligns the executive's long-term interests with shareholder value creation.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• The 2,022 Restricted Stock Units will begin vesting in three equal annual installments starting January 15, 2027.

Key Dates

Keywords

BJRI, BJ's Restaurants, Alex Puchner, Restricted Stock Units, RSU, Insider Trading, Form 4, Executive Compensation, Stock Transactions