Bloomin' Brands (BLMN) EVP granted 40,850 RSUs and reports tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloomin' Brands EVP Patrick M. Hafner reported equity award activity and related tax withholding. On February 27, 2026, he received a grant of 40,850 restricted stock units (RSUs) that vest in three equal annual installments through 2029. On February 28, 2026, multiple previously granted RSUs vested and were converted into shares of common stock in amounts including 1,779, 1,335, and 10,753 shares. On the same date, the issuer withheld 432, 326, and 2,619 common shares at $6.12 per share to cover applicable tax obligations. All positions are reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,867 shares exercised/converted
Mixed
10 txns
Insider
Hafner Patrick M
Role
EVP, Pres Outback Steakhouse
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,779 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,335 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,753 | $0.00 | -- |
| Exercise | Common Stock | 1,779 | $0.00 | -- |
| Tax Withholding | Common Stock | 432 | $6.12 | $3K |
| Exercise | Common Stock | 1,335 | $0.00 | -- |
| Tax Withholding | Common Stock | 326 | $6.12 | $2K |
| Exercise | Common Stock | 10,753 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,619 | $6.12 | $16K |
| Grant/Award | Restricted Stock Units | 40,850 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,780 shares (Direct);
Common Stock — 16,585 shares (Direct)
Footnotes (1)
- On February 28, 2024, these restricted stock units ("RSU") were granted in the original amount of 5,338, which vest in three equal annual installments, with a final vesting in 2027. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs. On February 28, 2024, these RSUs were granted in the original amount of 4,004, which vest in three equal annual installments, with a final vesting in 2027. On February 28, 2025, these RSUs were granted in the original amount of 32,259, which vest in three equal annual installments, with a final vesting in 2028. 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 40,850, which vest in three equal annual installments, with a final vesting in 2029. This field is not applicable.
FAQ
What did Bloomin' Brands (BLMN) executive Patrick M. Hafner report in this Form 4?
Patrick M. Hafner reported a new equity grant and vesting-related share activity. He received 40,850 restricted stock units and had several earlier RSU awards convert into common stock, with some shares withheld to satisfy tax obligations.
How many restricted stock units did Patrick M. Hafner receive from Bloomin' Brands (BLMN)?
He received 40,850 restricted stock units on February 27, 2026. According to the filing, these RSUs vest in three equal annual installments, with the final installment scheduled in 2029, and each unit represents the right to one share upon vesting.
How are Patrick M. Hafner’s new Bloomin' Brands (BLMN) RSUs scheduled to vest?
The 40,850 restricted stock units granted to Patrick M. Hafner vest in three equal annual installments. The filing states that vesting began with the February 27, 2026 grant date and will conclude with a final installment in 2029.