BJ's Restaurants (BJRI) Officer Awarded 2,668 Stock Options — Form 4/A
Rhea-AI Filing Summary
BJ's Restaurants insider grant and amendment: Gregory S. Lynds, Executive Vice President & Chief Development Officer of BJRI, was granted non-qualified stock options on 01/15/2025 covering 2,668 underlying common shares with an exercise price of $34.28. The options become exercisable in installments, vesting 33.3% per year beginning 01/15/2026, and expire on 01/15/2035. The filing is an amendment correcting a typographical error in the previously reported number of derivative securities.
Positive
- None.
Negative
- None.
Insights
TL;DR: A routine option grant to an executive with a standard multi-year vesting schedule; amendment corrects a prior typographical error.
The grant of 2,668 non-qualified stock options at a $34.28 exercise price aligns executive compensation with long-term shareholder value and includes a typical cliff/annual vesting cadence (33.3% per year beginning one year after grant). The ten-year term to 01/15/2035 is standard for stock options. The Form 4/A corrects a reporting detail rather than changing the economics of the award.
TL;DR: Disclosure is corrective and routine; transaction is non-derivative exercise-right grant with multi-year vesting, not an immediate transfer of shares.
The filing documents a derivative award (stock options) rather than an immediate share issuance, meaning beneficial ownership increases only upon exercise and vesting. The amendment notes a typographical correction, indicating the company/insider ensured reporting accuracy. No material governance concerns are disclosed in the form itself.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-Qualified Stock Options | -- | -- | -- |
Footnotes (1)
- These stock options vest 33.3% per year beginning on January 15, 2026. This Form 4/A is being filed to correct a minor typographical error in the number of derivative securities previously reported.