Bloomin' Brands (BLMN) CEO receives 490,196 RSUs and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloomin' Brands CEO Mike Spanos reported multiple equity compensation transactions. On February 27, 2026, he received a grant of 490,196 restricted stock units (RSUs), which vest in three equal annual installments, with final vesting in 2029. Each RSU represents the right to receive one share of common stock upon vesting.
On February 28, 2026, he exercised 86,021 RSUs, receiving the same number of common shares at a price of $0.00 per share, and 33,838 common shares were withheld by the company at $6.12 per share to cover withholding taxes on vesting. After these transactions, he directly owned 206,622 shares of common stock and 980,392 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
86,021 shares exercised/converted
Mixed
4 txns
Insider
Spanos Mike
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 86,021 | $0.00 | -- |
| Exercise | Common Stock | 86,021 | $0.00 | -- |
| Tax Withholding | Common Stock | 33,838 | $6.12 | $207K |
| Grant/Award | Restricted Stock Units | 490,196 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 172,044 shares (Direct);
Common Stock — 240,460 shares (Direct)
Footnotes (1)
- On February 28, 2025, these restricted stock units ("RSU") were granted in the original amount of 258,065, 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. 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.
FAQ
What equity awards did Bloomin' Brands (BLMN) CEO Mike Spanos receive?
Mike Spanos received a grant of 490,196 restricted stock units (RSUs) on February 27, 2026. These RSUs vest in three equal annual installments, ending in 2029, and each RSU converts into one share of common stock upon vesting.
How do the new RSUs for Bloomin' Brands (BLMN) CEO vest?
The 490,196 RSUs granted to CEO Mike Spanos vest in three equal annual installments. The final installment vests in 2029, meaning portions of the award become earned each year over this period, aligning compensation with continued service and performance.
What RSU exercises did the Bloomin' Brands (BLMN) CEO report?
On February 28, 2026, Mike Spanos exercised 86,021 RSUs, receiving the same number of common shares at a price of $0.00 per share. This reflects the conversion of previously granted RSUs into Bloomin' Brands common stock upon vesting.
Were any of the Bloomin' Brands (BLMN) CEO’s transactions open-market buys or sells?
No open-market buys or sells were reported. The filing shows RSU exercises and grants, plus a tax-withholding disposition where shares were withheld by the company to pay taxes, rather than sold on the open market.