Tick Lyle 4

What Happened

• Tick Lyle, CEO & President of BJ's Restaurants (BJRI), had 542 shares withheld by the company on 2026-06-06 to satisfy tax withholding related to the vesting of Restricted Stock Units (RSUs). The withheld shares were valued at $43.04 each, for a total of $23,328. This is a tax-withholding disposition (code F), not an open-market sale or new purchase.

Key Details

• Transaction date and price: 2026-06-06; 542 shares withheld at $43.04 per share (total $23,328).
• Transaction type/code: F — shares withheld by the registrant to satisfy minimum statutory tax withholding on RSU vesting.
• Shares owned after transaction: Not explicitly stated in the excerpt; filing footnote notes holdings include 28,793 unvested RSUs (F2).
• Notable footnotes: F1 = shares withheld by the registrant for statutory withholding; F2 = reported holdings include 28,793 unvested RSUs.
• Filing timeliness: Report filed on 2026-07-20 for a 2026-06-06 transaction — the filing appears late relative to the standard two-business-day Form 4 window.

Context

• Withholding shares to cover taxes on vested RSUs is a routine, administrative action and generally not an economic view on the company. It functions like a cashless settlement: a portion of vested shares is retained to satisfy tax obligations rather than sold in an open market trade. The late filing should be noted for compliance purposes but does not, by itself, indicate insider sentiment.