Bloomin' Brands (BLMN) EVP Hafner logs RSU vesting and share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloomin' Brands EVP Patrick M. Hafner reported routine equity-compensation activity tied to restricted stock units (RSUs). On February 3, 2026, 8,325 RSUs were converted into an equal number of Bloomin' Brands common shares at an exercise price of $0.00 per share. To cover withholding taxes due at vesting, 2,469 common shares were withheld by the company at a price of $6.19 per share. After these transactions, Hafner directly owned 13,856 shares of common stock and 16,651 RSUs, each RSU representing the right to receive one share upon future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,325 shares exercised/converted
Mixed
3 txns
Insider
Hafner Patrick M
Role
EVP, Pres Outback Steakhouse
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,325 | $0.00 | -- |
| Exercise | Common Stock | 8,325 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,469 | $6.19 | $15K |
Holdings After Transaction:
Restricted Stock Units — 16,651 shares (Direct);
Common Stock — 16,325 shares (Direct)
Footnotes (1)
- On February 3, 2025, these restricted stock units ("RSU") were granted in the original amount of 24,976, which vest in three equal annual installments, with a final vesting in 2028. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs. Each RSU represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit. This field is not applicable.
FAQ
What insider transaction did BLMN executive Patrick Hafner report on February 3, 2026?
Patrick M. Hafner reported the vesting and exercise of 8,325 restricted stock units into Bloomin' Brands common shares. This routine equity-compensation event reflects previously granted RSUs converting into stock as they vest under the original 2025 award schedule.
What was the origin and vesting schedule of Patrick Hafner’s Bloomin' Brands RSUs?
The RSUs were granted on February 3, 2025, in an original amount of 24,976 units. They vest in three equal annual installments, with the final tranche scheduled to vest in 2028, subject to the applicable vesting conditions being met.
What do Patrick Hafner’s RSUs in Bloomin' Brands represent?
Each restricted stock unit represents the contingent right to receive one share of Bloomin' Brands common stock upon vesting. The units do not convert immediately; they deliver shares only as vesting milestones specified in the original grant are achieved.
What role does Patrick Hafner hold at Bloomin' Brands (BLMN)?
Patrick M. Hafner serves as Executive Vice President and President of Outback Steakhouse at Bloomin' Brands. The reported RSU and stock transactions relate to his compensation as a senior officer of the company.