BJRI amended Form 4: 1,746-share option, $34.28 strike, vesting schedule
Rhea-AI Filing Summary
BJ's Restaurants, Inc. (BJRI) reporting person Jacob J. Guild, Sr. VP & CAO, filed an amended Form 4 correcting a typographical error related to previously reported derivative securities. The filing discloses ownership of 1,746 underlying shares from a non-qualified stock option tied to common stock with an exercise price of $34.28. The options become exercisable beginning January 15, 2026 and expire January 15, 2035.
The amendment states the correction is limited to the reported number of derivative securities and that the options vest at 33.3% per year beginning January 15, 2026. No other changes to the original filing are reported.
Positive
- Amendment corrects reporting error, demonstrating compliance with disclosure requirements
- Clear vesting schedule disclosed: 33.3% per year beginning January 15, 2026
- Option economics provided: exercise price $34.28, exercisable from 01/15/2026, expiring 01/15/2035
Negative
- None.
Insights
TL;DR: Amendment corrects a typographical error in an insider filing; no new transactions or material changes disclosed.
The Form 4/A clarifies the count of derivative securities previously reported by the officer. From a governance perspective, timely correction of filing errors supports disclosure integrity and compliance with Section 16 reporting obligations. The amendment does not introduce additional grants, exercises, or dispositions beyond the originally reported option grant tied to 1,746 underlying shares. Impact on shareholders or corporate control is immaterial.
TL;DR: The filing documents a non-qualified option with a $34.28 strike and a staggered vesting schedule; amendment adjusts reported quantity only.
Key compensation facts: the option has an exercise price of $34.28, an exercisability start date of January 15, 2026, and an expiration of January 15, 2035. Vesting is 33.3% per year beginning January 15, 2026, implying full vesting over three years. The correction of the share count improves accuracy of reported potential dilution but does not change the structure or economics of the grant.