Lynds Gregory S 4

What Happened

• Gregory S. Lynds, Executive Vice President & Chief Development Officer of BJ's Restaurants (BJRI), received an award of 2,447 restricted stock units (RSUs) that vested on 2026-02-18 (grant/acquisition code A). The RSUs are reported at $0.00 per share for the grant.
• To satisfy statutory tax withholding on vesting, the company withheld 892 shares (disposition code F) at an implied price of $42.71, generating proceeds of $38,097. Net shares retained by Lynds from this vesting event: 2,447 − 892 = 1,555 shares.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-19).
• Award: 2,447 RSUs @ $0.00 (vesting/award). Tax withholding: 892 shares withheld @ $42.71 for $38,097.
• Net shares received from this vesting: 1,555.
• Footnotes: F1 confirms shares were withheld by the registrant to satisfy minimum statutory tax withholding on RSU vesting. F2 notes the reported amount includes 4,667 unvested Restricted Stock Units (i.e., Lynds still has additional unvested RSUs).
• Filing timeliness: Form 4 was filed the day after the transaction date (appears timely).

Context

• This was a routine equity compensation vesting event (not an open-market purchase or a discretionary sale). The withholding of shares to cover taxes is common with RSU vesting (a form of cashless tax payment) and does not necessarily indicate a change in the insider's market view.