Bloomin' Brands (BLMN) Form 4: executive RSU grants and tax-withholding sale
Rhea-AI Filing Summary
Bloomin' Brands insider activity: Executive Kelly Lefferts received time-based restricted stock units and reported related share withholding. On 09/02/2025 the reporting person was granted 15,385 RSUs that will fully vest on 09/02/2026. Separately, RSUs originally granted on 09/03/2024 in the amount of 25,924 had vesting portions recognized, and 12,962 RSUs were reported as newly acquired (code M) with zero cash price. The issuer withheld 5,101 shares on 09/03/2025 to satisfy tax withholding at $6.99 per share, leaving the reporting person with 101,108 shares beneficially owned after the transactions.
Positive
- Time-based RSU grants disclosed (15,385 RSUs on 09/02/2025 that fully vest on 09/02/2026)
- Vesting schedule transparency for the 09/03/2024 RSU award (25,924 original award with staged vesting)
Negative
- Share withholding for taxes resulted in a disposition of 5,101 shares at $6.99 on 09/03/2025
Insights
TL;DR: Executive received time-based RSUs and a portion vested; a tax-withholding sale reduced holdings modestly.
The Form 4 discloses standard equity compensation activity for an executive officer. The 09/02/2025 grant of 15,385 RSUs is time-based and will fully vest in one year, while the 09/03/2024 grant followed a multi-stage vesting schedule and produced 12,962 RSUs recognized on 09/03/2025. A disposition of 5,101 shares at $6.99 each represents shares withheld to satisfy tax obligations rather than an open-market sale. Aggregate beneficial ownership after these events is reported at 101,108 shares, which contextualizes the executive's equity stake but provides no valuation or performance commentary.
TL;DR: Disclosure aligns with Section 16 reporting for insider grants and tax withholding; timing and form entries are routine.
The filing appears to comply with Section 16 reporting requirements: it lists grant dates, vesting terms, acquisition and withholding transactions, and an attorney-in-fact signature. The 2024 RSU award had staggered vesting (50% at 12 months, then 25% at 18 and 24 months) and a final vesting in 2026 as disclosed. The 09/03/2025 withholding is recorded as a disposition with price indicated, consistent with share-for-tax mechanics. No amendments or corrective disclosures are indicated.