PUCHNER ALEX 4

What Happened

• Alex Puchner, Senior Vice President, Brewing Operations at BJ's Restaurants (BJRI), had restricted stock units vest on Feb 18, 2026. The filing shows an award/acquisition of 1,713 shares at $0.00 and a tax-withholding disposition of 701 shares at an implied value of $42.71 per share, totaling $29,940.
• This was not an open-market sale or purchase by the insider; the 701-share disposition (code F) reflects shares withheld by the company to satisfy minimum statutory tax withholding on the RSU vesting (routine).

Key Details

• Transaction dates: 2026-02-18; filing date (Form 4): 2026-02-19 (timely).
• Award/acquisition: 1,713 shares @ $0.00 (code A).
• Withholding/disposition: 701 shares @ $42.71 = $29,940 (code F — tax withholding).
• Footnotes: F1 confirms shares were withheld to satisfy statutory tax withholding; F2 notes the reported amount includes 3,701 unvested Restricted Stock Units (the filing does not specify total shares owned after the transactions).
• Filing does not indicate an open-market sale; this is a routine vesting and withholding event, not a directional bet on the stock.

Context

• RSU vesting often results in the company withholding some shares to cover taxes (a non-market “sale” on Form 4). That appears to be the case here (cashless tax-withholding), so the withholding should not be read the same way as an executive selling shares in the open market.
• The filing is routine and timely; no 10b5-1 plan, gifts, or option exercises are indicated in this excerpt.