Burwick David A 4
Research Summary
AI-generated summary
BJ's (BJ) Director David Burwick Receives RSU Award
What Happened
- David A. Burwick, a director of BJ's Wholesale Club Holdings, Inc. (BJ), was granted 2,288 restricted stock units (RSUs) on June 18, 2026. The reported acquisition price per unit is $0.00 (standard for RSU grants; no cash purchase). The Form 4 was filed on June 22, 2026.
Key Details
- Transaction date: 2026-06-18; filing date: 2026-06-22 (appears timely under Form 4 rules).
- Grant: 2,288 RSUs; reported acquisition price: $0.00.
- Shares owned after transaction: not disclosed in this filing.
- Vesting note: RSUs vest on the earlier of (i) the first anniversary of the grant (June 18, 2027) or (ii) the day before the Company’s first annual meeting following the grant.
- Settlement deferral: Mr. Burwick elected to defer settlement until the earlier of June 1, 2029 or his termination of service as a director.
Context
- RSUs are a compensation award, not an open-market purchase or sale; they represent a future right to receive company shares if vesting/settlement conditions are met. Because settlement has been deferred, these awards do not result in immediate share delivery and are a routine form of director compensation rather than an immediate market signal.