BJ's Restaurants Insider Amendment Corrects 2,668-Option Report
Rhea-AI Filing Summary
Christopher P. Pinsak, Senior VP Operations of BJ's Restaurants, reported an amended Form 4 showing a grant of 2,668 non-qualified stock options exercisable at $34.28 per share. The options become exercisable beginning 01/15/2026 and expire 01/15/2035. The filing explains the options vest at 33.3% per year beginning on 01/15/2026 and that this amendment corrects a minor typographical error in the previously reported number of derivative securities. The ownership is reported as direct for the named individual.
Positive
- The amendment corrects a typographical error, clarifying the exact number of derivative securities reported.
- The options include a multi-year vesting schedule (33.3% per year starting 01/15/2026), which aligns incentives with continued service.
Negative
- None.
Insights
TL;DR: Routine executive option grant corrected for a reporting typo; aligns with retention incentives but appears immaterial to shareholders.
The amendment clarifies the exact number of options outstanding for an executive officer, improving transparency in insider disclosure. The vesting schedule—33.3% per year beginning in 2026—ties realization to continued service, which is a standard retention mechanism. There is no indication in this filing of accelerated vesting, cash proceeds, or unusual terms beyond a typical ten-year term and a fixed exercise price of $34.28.
TL;DR: A modest-size option award with multi-year vesting and a fixed exercise price; appears to be standard equity compensation practice.
The reported 2,668 non-qualified stock options carry an exercise price of $34.28 and a ten-year contractual window to exercise, with vesting beginning 01/15/2026 at 33.3% per year. These features are consistent with common long-term incentive design focused on retention and potential alignment with shareholder value creation. The amendment corrects a typographical error, which improves the accuracy of disclosed executive holdings.