Bloomin' Brands legal chief reports 6,481-share RSU vesting
EVP and Chief Legal Officer Lefferts Kelly received vested stock from RSUs, with part of the award withheld to cover taxes.
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Form Type
4
Rhea-AI Filing Summary
Bloomin' Brands, Inc. executive Lefferts Kelly, EVP and Chief Legal Officer, reported the September 3, 2026 vesting and conversion of 6,481 Restricted Stock Units into 6,481 shares of common stock. Of these shares, 1,579 were withheld by the issuer to pay applicable withholding tax. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
6,481 shares exercised/converted
Exercise
3 txns
Insider
Lefferts Kelly
Role
EVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F4 | 6,481 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 6,481 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,579 | $9.73 | $15K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 134,144 shares (Direct)
Footnotes (4)
- F1. On September 3, 2024, these restricted stock units ("RSU") were granted in the original amount of 25,924, which vest 50% on the 12-month anniversary of the grant date; 25% on the 18-month anniversary of the grant date; and 25% on the 24-month anniversary of the grant date; with a final vesting in 2026.
- F2. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs.
- F3. Each RSU represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit.
- F4. This field is not applicable.
Key Figures
RSUs Converted: 6,481 units
Common Shares Acquired: 6,481 shares
Shares Withheld for Taxes: 1,579 shares
+3 more
6 metrics
RSUs Converted
6,481 units
Restricted Stock Units converted into common stock on September 3, 2026
Common Shares Acquired
6,481 shares
Shares of Bloomin' Brands common stock received from RSU conversion on September 3, 2026
Shares Withheld for Taxes
1,579 shares
Common stock withheld to pay withholding tax upon RSU vesting
Withholding Price
$9.73 per share
Value used for shares withheld to pay tax liability
Original RSU Grant Size
25,924 units
RSUs granted on September 3, 2024 with multi-year vesting schedule
RSU Vesting Schedule
50% / 25% / 25%
Vests at 12-, 18-, and 24-month anniversaries of the September 3, 2024 grant date, with final vesting in 2026
Key Terms
Restricted Stock Units, withholding tax, contingent right, vesting
4 terms
Restricted Stock Units financial
"these restricted stock units ("RSU") were granted in the original amount"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding tax financial
"shares of common stock were withheld by the issuer to pay for the applicable withholding tax"
Withholding tax is a government-required portion of a payment—such as dividends, interest, or salary—that the payer keeps back and sends directly to tax authorities before the recipient receives the money. For investors it reduces the cash they actually get and changes the after-tax return on an investment; rates and refund or credit rules vary by country and can materially affect comparisons between similar investments, like a cashier holding part of a bill to cover taxes.
contingent right financial
"Each RSU represents the contingent right to receive one share of common stock"
vesting financial
"which vest 50% on the 12-month anniversary of the grant date; 25% on the 18-month anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transaction did Bloomin' Brands (BLMN) disclose for Lefferts Kelly?
Lefferts Kelly, EVP and Chief Legal Officer, reported the vesting and conversion of 6,481 Restricted Stock Units into 6,481 shares of Bloomin' Brands common stock on September 3, 2026, as part of a previously granted equity award.
What was the original size and vesting schedule of the RSU grant reported by BLMN?
On September 3, 2024, 25,924 Restricted Stock Units were granted, vesting 50% on the 12‑month anniversary, 25% on the 18‑month anniversary, and 25% on the 24‑month anniversary, with a final vesting in 2026.
Did the Bloomin' Brands (BLMN) Form 4 indicate a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan; the document-level checkbox for trades under such a plan is not selected.
What do the Restricted Stock Units in the BLMN filing represent?
Each Restricted Stock Unit represents a contingent right to receive one share of Bloomin' Brands common stock upon vesting of the unit, meaning the RSUs convert into common shares as vesting conditions are met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
