BJ's Restaurants (BJRI) Amendment: 2,231 Stock Options Reported for SVP
Rhea-AI Filing Summary
Alexander M. Puchner, Senior Vice President, Brewing Operations at BJ's Restaurants, Inc. (BJRI), reported acquiring 2,231 non-qualified stock options on 01/15/2025 at an exercise price of $34.28 per share. The options become exercisable beginning 01/15/2026 and expire on 01/15/2035. The options vest at 33.3% per year starting January 15, 2026. This filing is an amendment correcting a typographical error in the previously reported number of derivative securities. The Form 4/A was signed by an attorney-in-fact on behalf of Mr. Puchner.
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Insights
TL;DR: Routine option grant corrected by amendment; modest size relative to company equity, primarily aligns executive incentives.
The Form 4/A discloses a 2,231-option acquisition at a $34.28 exercise price with a 10-year term and annual vesting of 33.3% beginning 01/15/2026. This appears to be a standard equity-based compensation event rather than a transaction that would materially change ownership or capital structure. The amendment corrects a typographical error, indicating the original filing contained an incorrect quantity of derivative securities.
TL;DR: Disclosure is compliant and transparent; amendment clarifies prior reporting and confirms standard vesting schedule.
The filing properly reports the issuance of non-qualified stock options to an officer and documents vesting and exercise terms. The correction via Form 4/A and the attorney-in-fact signature demonstrate adherence to Section 16 reporting requirements. There is no indication of accelerated vesting, related-party transfers, or other unusual terms in the document provided.