Form 4: BJ's Restaurants Officer Exercises Options, Sells for Tax

BJ's Restaurants EVP & Chief Information Officer Brian S. Krakower exercised stock options and subsequently sold shares to cover tax obligations.

Summary

• Brian S. Krakower, EVP & Chief Information Officer of BJ's Restaurants Inc. (BJRI), reported transactions on January 14, 2026.
• Krakower exercised non-qualified stock options to acquire 1,487 shares of common stock at an exercise price of $42.41 per share.
• Concurrently, 1,433 shares were disposed of at a price of $45.22 per share to satisfy the exercise price and minimum statutory withholding requirements related to the option exercise.
• Following these transactions, Krakower directly beneficially owns 4,463 shares of common stock.
• The reported beneficial ownership of 4,463 shares includes 4,409 unvested Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (stock option exercise and tax-related sale) which is neutral in sentiment. It does not indicate significant positive or negative developments for the company beyond standard executive compensation practices.

Positives

• The exercise of stock options by an executive can signal continued engagement with the company's equity structure.
• The executive retains a beneficial ownership of 4,463 shares, including a significant portion of unvested Restricted Stock Units, aligning his interests with long-term shareholder value.

Negatives

• A substantial portion of the shares acquired through option exercise (1,433 out of 1,487) were immediately sold or withheld to cover taxes and exercise costs, resulting in a net reduction of vested common stock held.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction related to executive compensation, which is common across all industries for publicly traded companies. It does not provide specific insights into broader industry trends for the restaurant sector.

Related Party Transactions

• The reported transactions involve an executive officer of BJ's Restaurants Inc. exercising stock options and disposing of shares, which constitutes a related party transaction as defined by SEC regulations for insider reporting.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine executive compensation event. The executive's continued beneficial ownership, including RSUs, aligns interests with long-term shareholder value.
• Employees: No direct impact indicated.
• Customers: No direct impact indicated.
• Suppliers: No direct impact indicated.
• Creditors: No direct impact indicated.

Key Dates

Keywords

BJRI, BJ's Restaurants, Form 4, Insider Transaction, Stock Options, Executive Compensation, Brian S. Krakower, Equity Compensation