BJRI Form 4/A: CIO Receives 2,668 Stock Options, Vesting from 2026
Rhea-AI Filing Summary
Brian S. Krakower, identified as Chief Information Officer and reporting person for BJ's Restaurants, Inc. (BJRI), filed an amended Form 4 disclosing a grant of non-qualified stock options covering 2,668 shares of common stock. The options carry an exercise price of $34.28, become exercisable beginning 01/15/2026 and expire 01/15/2035. The options vest at 33.3% per year beginning 01/15/2026. The amendment corrects a prior typographical error in the number of derivative securities reported. The reported transaction date context includes 01/15/2025 as the earliest transaction date and an amendment dated 01/16/2025; the filing is signed by an attorney-in-fact on 09/10/2025.
Positive
- Alignment of interests: Options link the CIO's compensation to long‑term share performance through vesting and exercise mechanics
- Retention incentive: Vesting schedule of 33.3% per year beginning 01/15/2026 supports multi‑year retention
- Disclosure corrected: The amended Form 4/A fixes a prior typographical error, improving transparency
Negative
- Potential dilution: Grant represents 2,668 underlying shares which will dilute existing shareholders if exercised
- No information on pro rata materiality: Filing does not state the grant's size relative to total outstanding shares, limiting assessment of impact
Insights
TL;DR: Executive received time‑vesting options tying compensation to share performance; modest-sized grant with long exercise window.
The disclosure shows a grant of 2,668 non‑qualified stock options to the company's Chief Information Officer at a $34.28 exercise price, vesting one‑third annually starting January 15, 2026, and expiring January 15, 2035. From an investor perspective, this aligns management incentives with equity performance while providing multi‑year retention through vesting and a long expiration. The amendment corrects a prior typographical error, improving disclosure accuracy. No cash proceeds, sale transactions, or changes to previously reported cash ownership are shown.
TL;DR: Standard equity compensation and corrective amendment; governance process appears routine.
The Form 4/A reports a typical stock‑option grant to an officer who is also noted as a director on the form. Vesting at 33.3% per year is a common retention schedule. The filing corrects a prior numerical typo, indicating post‑grant reporting oversight was addressed. The form does not disclose any accelerated vesting, related party transactions beyond the grant, or departures from standard option terms that would raise governance concerns.