BJ's Wholesale Club CFO Laura Felice Exercises Options and Sells $1.11M in Stock via 10b5-1 Plan

Executive Summary

On November 4, 2026, BJ's Wholesale Club Holdings, Inc. ($BJ) filed a Form 4 disclosing transactions by EVP and Chief Financial Officer Laura L. Felice. On November 2, 2026, Felice exercised stock options for 10,000 shares at a strike price of $17.00 and sold all 10,000 shares at a weighted-average price of $110.53, yielding gross proceeds of approximately $1,105,300. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.

Transaction Breakdown

• Option Exercise (Code M): 10,000 shares of Common Stock acquired at an exercise price of $17.00 per share. Derivative position remaining: 60,315 stock options.
• Open Market Sale (Code S): 10,000 shares of Common Stock disposed of at prices between $109.95 and $110.94, with a volume-weighted average price of $110.53.
• Net Cash Inflow: Approximately $935,300 before taxes ($1,105,300 sale proceeds minus $170,000 exercise cost).

Post-Transaction Holdings

• Direct Ownership: 84,416 shares of Common Stock.
• Indirect Ownership: 16,522 shares held via a grantor retained annuity trust (GRAT).
• Derivative Holdings: 60,315 options expiring June 27, 2028.

Market & Governance Context

Because this transaction represents a standard cashless or immediate exercise-and-sell under a Rule 10b5-1 trading arrangement, it indicates routine personal financial and portfolio planning rather than a directional signal on the company's outlook. The CFO retains substantial equity exposure through direct holdings, trust ownership, and unexercised stock options.