BJ's Wholesale Club: grants $1,250,000 in awards and promotes exec

What happened

• The filing reports that on Sep 22, 2026 the Compensation Committee approved one-time awards related to a previously disclosed settlement of credit card interchange fee litigation.
• Laura Felice, executive vice president, chief financial officer, received a lump sum cash payment of $250,000.
• Bill Werner, then executive vice president, strategy and development, received a lump sum cash payment of $500,000 and restricted stock units (RSUs) granted on Sep 30, 2026 with a grant-date value of $500,000; the RSUs will vest in full on the second anniversary of the grant date, assuming his continued service through that date.
• The filing also reports that on Oct 8, 2026 the company announced the promotion of Bill Werner to executive vice president, chief development officer, effective Oct 8, 2026, and his annual base salary was increased to $800,000. His employment agreement dated May 10, 2021 remains unchanged and in effect.

Key details

• Compensation Committee approved awards on Sep 22, 2026.
• Laura Felice award: $250,000 cash.
• Bill Werner awards: $500,000 cash plus RSUs with $500,000 grant-date value granted Sep 30, 2026; RSUs vest in full on the second anniversary of the grant date, assuming continued service.
• Promotion announced Oct 8, 2026; new base salary $800,000; employment agreement dated May 10, 2021 unchanged.

Why it may matter

• This report was filed under Item 5.02 (departure of directors or certain officers; election of directors), which covers changes in officers and related compensation actions.
• This filing does not show why the insider traded or why the company acted.