Bloomin' Brands (BLMN) CEO granted 490,196 RSUs in 2026 equity award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Spanos Mike reported acquisition or exercise transactions in this Form 4 filing.
Bloomin' Brands, Inc. director and CEO Mike Spanos reported an amended insider transaction showing an equity compensation award. On February 27, 2026, he was granted 490,196 restricted stock units (RSUs), each representing the right to receive one share of common stock upon vesting. The RSUs vest in three equal annual installments, with a final vesting in 2029. The amendment notes that the number of RSUs was previously overreported in a Form 4 filed March 3, 2026, due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spanos Mike
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 490,196 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 490,196 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit. On February 27, 2026, these RSUs were granted in the original amount of 490,196, which vest in three equal annual installments, with a final vesting in 2029. This field is not applicable. Due to an administrative error, the number of RSUs was overreported in the Form 4 filed March 3, 2026.
FAQ
What insider transaction did Bloomin' Brands (BLMN) report on this Form 4/A?
The filing reports an amended equity award for CEO Mike Spanos. He received 490,196 restricted stock units, each representing one Bloomin' Brands common share upon vesting, correcting an earlier Form 4 that had overreported the number due to an administrative error.
How many restricted stock units did Bloomin' Brands CEO Mike Spanos receive?
Mike Spanos was granted 490,196 restricted stock units. Each RSU represents the contingent right to receive one share of Bloomin' Brands common stock upon vesting, making this a significant component of his long-term equity compensation package.
When were the Bloomin' Brands RSUs granted to CEO Mike Spanos and how do they vest?
The RSUs were granted on February 27, 2026. They vest in three equal annual installments, with a final vesting in 2029, aligning the CEO’s compensation with multi-year company performance and long-term shareholder value creation.
What does each Bloomin' Brands RSU granted to the CEO represent?
Each restricted stock unit represents the contingent right to receive one share of Bloomin' Brands common stock. The shares are delivered as the RSUs vest over time, tying the CEO’s realized compensation directly to the company’s future stock performance.
Why was this Bloomin' Brands Form 4/A filed as an amendment?
The Form 4/A corrects an administrative error in a prior Form 4 filed March 3, 2026. That earlier report overreported the number of RSUs granted, so this amendment restates the award at 490,196 restricted stock units.
Is the Bloomin' Brands CEO’s RSU award a purchase or a grant?
The transaction is a grant or award acquisition, not an open-market purchase. The CEO received 490,196 restricted stock units at a reported price of $0.0000 per unit as part of his equity compensation, rather than buying shares in the market.