Form 4: BJ's Restaurants Executive Shin Putnam Sells Shares to Cover Tax Obligations

Shin Putnam, Chief Growth & Innovation Officer at BJ's Restaurants, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Shin Putnam, Chief Growth & Innovation Officer at BJ's Restaurants, sold a total of 829 shares of common stock on January 15, 2025.
• The shares were sold at a price of $34.28 per share.
• These transactions were to cover minimum statutory withholding requirements on the vesting of restricted stock units.
• Following the transactions, Putnam directly owns 15,158 shares, which includes 7,687 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine filing of an executive stock sale for tax purposes, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to stock transactions by a company executive, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of shares to cover tax obligations is a common practice among executives who receive stock-based compensation.

Stakeholder Impact

• The stock sale has a minimal impact on shareholders as it is a routine transaction by an executive.

Key Dates

Keywords

Form 4, BJ's Restaurants, Shin Putnam, stock sale, insider trading, restricted stock units, tax withholding