BJs RESTAURANTS INC
For the period ended Jul 2, 2024. Filed Aug 5, 2024.
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Jul 2, 2024 · Filed Aug 5, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
As of July 2, 2024, we have cumulatively repurchased shares valued at approximately $497.8 million in accordance with our approved share repurchase plan since its inception in 2014. During the twenty-six weeks ended July 2, 2024, we repurchased and retired shares valued at approximately $8.8 million. Share repurchases were executed through open market purchases, and future share repurchases may be completed through a combination of individually negotiated transactions, accelerated share buyback, and/or open market purchases. In February 2024, our Board of Directors approved an increase in our share repurchase program by $50 million. As a result, we had approximately $52.2 million available under our authorized $550 million share repurchase program as of July 2, 2024.
The following table sets forth information with respect to the repurchase of common shares during the twenty-six weeks ended July 2, 2024:
| Period (1) | TotalNumberof SharesPurchased | AveragePricePaid PerShare | TotalNumber ofSharesPurchased asPart of thePubliclyAnnouncedPlans | Increase inDollars forShareRepurchaseAuthorization | Dollar Valueof Shares thatMay Yet BePurchasedUnder thePlans orPrograms |
|---|---|---|---|---|---|
| 01/03/24 - 01/30/24 | — | $— | — | $— | $11,055,206 |
| 01/31/24 - 02/27/24 | — | $— | — | $50,000,000 | $61,055,206 |
| 02/28/24 - 04/02/24 | — | $— | — | $— | $61,055,206 |
| 04/03/24 - 04/30/24 | — | $— | — | $— | $61,055,206 |
| 05/01/24 - 05/28/24 | 86,960 | $34.54 | 86,960 | $— | $58,051,544 |
| 05/29/24 - 07/02/24 | 167,665 | $34.78 | 167,665 | $— | $52,220,358 |
| Total | 254,625 | 254,625 | |||
(1)
Period information is presented in accordance with our fiscal months during fiscal 2024.
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