BJ's (BJ) Director Steven L. Ortega Receives RSU Award

What Happened
Steven L. Ortega, a director of BJ's Wholesale Club Holdings, received a grant of 2,288 restricted stock units (RSUs) on June 18, 2026. The grant is reported as an award (transaction code A) with a $0 per-share price (standard for RSU awards); no immediate cash changed hands. Ortega has elected to defer settlement of the RSUs until his termination of service as a director.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (timely filing).
• Transaction type/code: Award (A) — 2,288 RSUs granted at $0.00 reported price.
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs vest on the earlier of (i) the first anniversary of the grant (grant date = 6/18/2026) or (ii) the day before the first annual meeting following the grant; Ortega elected to defer settlement until termination of service.
• Insider status: Director (non-executive); not reported as a 10% owner.

Context
RSUs are a form of compensation that convert to shares when vested/settled; they are not an open-market purchase or sale and therefore are not a direct buy signal. The deferred settlement election means Ortega will receive the shares (or their cash equivalent, if applicable) only upon his departure from the board, per the plan terms.