BJ's Restaurants (NASDAQ: BJRI) director gifts 16,047 shares to trust
Rhea-AI Filing Summary
BJ's Restaurants director C. Bradford Richmond reported a bona fide gift of 16,047 shares of common stock on August 7, 2026. After the transfer, he held 2,955 shares directly, all as unvested Restricted Stock Units, and 34,747 shares were held indirectly by an irrevocable trust over which he has investment control. He disclaims beneficial ownership of the trust shares except to the extent of his pecuniary interest, and the filing indicates the transactions were not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
32,094 shares gifted
Gift
2 txns
Insider
Richmond C Bradford
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 16,047 | $0.00 | $0.00 |
| Gift | Common Stock F2 | 16,047 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,955 shares (Direct);
Common Stock — 34,747 shares (Indirect, By Trust)
Footnotes (2)
- F1. Amount includes 2,955 of unvested Restricted Stock Units.
- F2. These shares are held by an irrevocable trust over which Mr. Richmond maintains investment control. Mr. Richmond disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Key Figures
Shares gifted: 16,047 shares
Direct holdings after transaction: 2,955 shares
Indirect trust holdings after transaction: 34,747 shares
+1 more
4 metrics
Shares gifted
16,047 shares
Bona fide gift of common stock on 2026-08-07
Direct holdings after transaction
2,955 shares
All unvested Restricted Stock Units after 2026-08-07 gift
Indirect trust holdings after transaction
34,747 shares
Shares held by irrevocable trust with Richmond investment control
Transaction price per share
$0.00
Bona fide gift transactions of common stock
Key Terms
bona fide gift, Restricted Stock Units, irrevocable trust, pecuniary interest
4 terms
bona fide gift financial
"Transaction code G is described as a bona fide gift of shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Restricted Stock Units financial
"Amount includes 2,955 of unvested Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
irrevocable trust financial
"These shares are held by an irrevocable trust over which Mr. Richmond maintains control"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
pecuniary interest financial
"Mr. Richmond disclaims beneficial ownership except to the extent of his pecuniary interest"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the overall effect of Richmond’s BJRI Form 4 transactions?
Economically, the Form 4 reflects a reallocation of 16,047 BJRI shares from Richmond’s direct ownership to an irrevocable trust. He retains 2,955 unvested RSUs directly, while investment control over 34,747 shares resides at the trust level.