Form 4: Gregory Levin, Former BJ's Restaurants CEO, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Gregory Levin, former President and CEO of BJ's Restaurants, Inc., disposed of 4,444 shares of common stock on September 1, 2024, to satisfy tax withholding requirements.
Summary
- Gregory Levin, a former President and CEO of BJ's Restaurants, Inc. (BJRI), filed a Form 4 with the SEC.
- The filing reports a transaction on September 1, 2024, where 4,444 shares of BJRI common stock were disposed of.
- The shares were withheld by BJ's Restaurants to cover minimum statutory withholding requirements related to the vesting of restricted stock units.
- The transaction price was $30.63 per share.
- Following the transaction, Levin directly owns 110,622 shares of BJRI common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders and large shareholders, providing transparency into their transactions in the company's stock. This transaction is related to tax obligations, which is a common reason for such filings.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock disposal transaction. |
| 09/03/2024 | Date of signature on the Form 4 filing. |
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