Cichocki Paul 4
4 · BJ's Wholesale Club Holdings, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
BJ's (BJ) EVP Paul Cichocki Receives Awards; Tax-Withheld Sale
What Happened
Paul Cichocki, EVP and Chief Commercial Officer of BJ's Wholesale Club (BJ), received two equity awards on April 1, 2026 totaling 32,180 shares (16,326 and 15,854 shares) issued at $0.00. On the same date 16,099 shares were surrendered/withheld at $94.61 per share to satisfy tax liabilities, generating proceeds of $1,523,126. The awards include settled performance share units and a new restricted stock unit grant.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026.
- Awards: 16,326 shares and 15,854 shares granted (acquired at $0.00).
- Tax withholding: 16,099 shares disposed/withheld at $94.61 for $1,523,126 (code F — tax/payment withholding).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: Some shares were issued in settlement of 2023 performance share units that vested upon achievement of performance conditions.
- F2: The 16,099 shares were withheld by the issuer to pay tax liabilities from vesting.
- F3: A restricted stock unit award granted Apr 1, 2026 will vest 1/3 on each of the first three anniversaries of the grant.
- Filing timeliness: Form 4 was filed April 3, 2026 (appears within the usual two-business-day reporting window).
Context
This combination of equity issuance and share withholding is routine: PSUs/RSUs were settled/awarded to the executive and the company withheld shares to cover taxes rather than an open-market sale. Awards (acquisitions) are typically more informative than routine tax-withholding dispositions; the withheld shares do not necessarily indicate a decision to sell shares on the market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-01+16,326→ 105,481 total - Tax Payment
Common Stock
[F2]2026-04-01$94.61/sh−16,099$1,523,126→ 89,382 total - Award
Common Stock
[F3]2026-04-01+15,854→ 105,236 total
Footnotes (3)
- [F1]Shares issued in settlement of performance share units granted in 2023 which vested upon the achievement of the performance condition.
- [F2]Represents shares withheld by the Issuer for payment of tax liabilities incident to the vesting of performance share unit, restricted stock unit, and restricted stock awards.
- [F3]Restricted stock unit award, granted on April 1, 2026, which will vest with respect to 1/3 of the shares subject thereto on each of the first, second and third anniversaries of the date of grant.