BJ's Wholesale (BJ) director granted 2,288 RSUs, now holds 14,671 shares
Rhea-AI Filing Summary
Ortega Steven L reported acquisition or exercise transactions in this Form 4 filing.
BJ's Wholesale Club Holdings director Steven L. Ortega received a grant of 2,288 shares of common stock in the form of restricted stock units (RSUs). The award was at no cash cost per share and increases his directly held stake to 14,671 shares. The RSUs will vest on the earlier of the first anniversary of the June 18, 2026 grant date or the day immediately before the first annual shareholder meeting after that date. Ortega has elected to defer settlement of these RSUs until his termination of service as a director, meaning the shares will not be delivered until he leaves the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,288 shares
Net Buy
1 txn
Insider
Ortega Steven L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,288 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 14,671 shares (Direct)
Footnotes (1)
- F1. Restricted stock unit award ("RSUs") which shall vest on the earlier of (i) the first anniversary of the date of grant, which date of grant is June 18, 2026; or (ii) the day immediately preceding the date of the first annual meeting of the Company's shareholders following the date of grant. The reporting person has elected to defer the settlement of the RSUs until the reporting person's termination of service as a director.
Key Figures
RSU grant size: 2,288 shares
Price per share: $0.0000 per share
Shares held after grant: 14,671 shares
3 metrics
RSU grant size
2,288 shares
Restricted stock unit award to director on June 18, 2026
Price per share
$0.0000 per share
Reported grant price for RSU award
Shares held after grant
14,671 shares
Director’s total directly held common stock after transaction
Key Terms
Restricted stock unit award ("RSUs"), vest, deferr[ed] the settlement
3 terms
Restricted stock unit award ("RSUs") financial
"Restricted stock unit award ("RSUs") which shall vest on the earlier of"
vest financial
"RSUs which shall vest on the earlier of (i) the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
deferr[ed] the settlement financial
"The reporting person has elected to defer the settlement of the RSUs until"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BJ (BJ) disclose for director Steven L. Ortega?
BJ's Wholesale Club Holdings reported that director Steven L. Ortega received a grant of 2,288 restricted stock units. These RSUs were awarded at no cash cost per share and increased his directly held common stock holdings to 14,671 shares following the transaction.
When do Steven L. Ortega’s BJ (BJ) RSUs from this grant vest?
The 2,288 restricted stock units granted to Steven L. Ortega vest on the earlier of the first anniversary of the June 18, 2026 grant date, or the day immediately before the first annual shareholder meeting that occurs after that grant date, whichever comes first.
Has Steven L. Ortega deferred settlement of his BJ (BJ) RSUs?
Yes, Steven L. Ortega elected to defer settlement of the restricted stock units. The RSUs will be settled and converted into shares of common stock only when his service as a director ends, delaying actual share delivery until that termination event.
What type of award did BJ (BJ) grant to director Steven L. Ortega?
BJ’s Wholesale Club granted Steven L. Ortega a restricted stock unit award covering 2,288 shares of common stock. RSUs provide the right to receive shares in the future upon vesting, subject to the specified vesting schedule and any deferral elections by the recipient.