BLMN Form 4 shows RSU acceleration before officer termination
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloomin' Brands (BLMN) reported insider equity activity by its EVP, Chief Financial Officer. On 10/13/2025, 8,101 restricted stock units were converted to common stock at $0 per unit, and 3,188 shares were withheld at $7.26 to cover taxes. Following these transactions, the reporting person directly beneficially owned 70,932 shares.
According to the footnotes, the non‑vested RSU awards were accelerated effective October 13, 2025, immediately prior to the effectiveness of Mr. Healy's termination as an officer. The RSUs were originally granted on September 3, 2024, with a scheduled vesting over 12, 18, and 24 months.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,101 shares exercised/converted
Mixed
3 txns
Insider
Healy William Michael
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,101 | $0.00 | -- |
| Exercise | Common Stock | 8,101 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,188 | $7.26 | $23K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 74,120 shares (Direct)
Footnotes (1)
- On September 3, 2024, these restricted stock units ("RSU") were granted in the original amount of 32,405, 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. 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. These non-vested RSU awards were accelerated effective October 13, 2025, immediately prior to the effectiveness of Mr. Healy's termination as an officer of the issuer. This field is not applicable.
FAQ
What insider transaction did BLMN report on 10/13/2025?
8,101 RSUs were converted to common stock at $0, and 3,188 shares were withheld at $7.26 for taxes.
Were the BLMN RSUs accelerated, and when?
Yes. Non‑vested RSUs were accelerated effective October 13, 2025, immediately prior to the effectiveness of Mr. Healy's termination as an officer.
When were the RSUs originally granted and how were they scheduled to vest?
They were granted on September 3, 2024, with vesting at 12 months (50%), 18 months (25%), and 24 months (25%).
What Form 4 transaction codes were used?
Code M (conversion of derivative) for RSU settlement and Code F (tax withholding) for shares withheld.