Bloomin' Brands EVP gets 8,102 shares on RSU vest
BLMN’s Outback Steakhouse president settled RSUs into shares, with a portion withheld to cover tax obligations.
Rhea-AI Filing Summary
Bloomin' Brands, Inc. (BLMN) executive Patrick M. Hafner, EVP and President of Outback Steakhouse, reported the vesting and exercise of 8,102 Restricted Stock Units into an equal number of shares of common stock on September 3, 2026, from a larger RSU grant of 32,405 units originally granted on September 3, 2024.
Of the shares received, 1,973 shares of common stock were withheld by the issuer to pay withholding taxes at a value of $9.73 per share, and the RSU position tied to this transaction is shown as fully settled with 0 RSUs remaining. No transactions were reported under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,102 shares exercised/converted
Exercise
3 txns
Insider
Hafner Patrick M
Role
EVP, Pres Outback Steakhouse
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F4 | 8,102 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 8,102 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,973 | $9.73 | $19K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 37,301 shares (Direct)
Footnotes (4)
- F1. 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.
- 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 exercised: 8,102 units
Underlying common shares received: 8,102 shares
Shares withheld for taxes: 1,973 shares
+3 more
6 metrics
RSUs exercised
8,102 units
Restricted Stock Units converted into common stock on September 3, 2026
Underlying common shares received
8,102 shares
Shares of Bloomin' Brands common stock received upon RSU vesting
Shares withheld for taxes
1,973 shares
Common stock withheld to satisfy tax withholding on RSU vesting
Withholding value per share
$9.73 per share
Value used for shares withheld to pay applicable withholding taxes
Original RSU grant size
32,405 units
RSUs granted on September 3, 2024 with multi-tranche vesting through 2026
RSUs remaining from exercised block
0 units
Restricted Stock Units in this transaction after exercise/conversion
Key Terms
Restricted Stock Units, withholding tax, Rule 10b5-1
3 terms
Restricted Stock Units financial
"these restricted stock units ("RSU") were granted in the original amount of 32,405"
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.
Rule 10b5-1 regulatory
"No transactions were reported under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What did BLMN executive Patrick Hafner report on this Form 4?
He reported the vesting and exercise of 8,102 Restricted Stock Units into 8,102 shares of Bloomin' Brands common stock on September 3, 2026, related to an RSU grant originally made on September 3, 2024.
What RSU grant is associated with Patrick Hafner’s BLMN Form 4 filing?
The transactions relate to RSUs granted on September 3, 2024 in an original amount of 32,405 units, scheduled to vest 50% at 12 months, 25% at 18 months, and 25% at 24 months from the grant date, with a final vesting in 2026.
How many RSUs remain from the reported BLMN RSU award after this transaction?
For the specific 8,102 Restricted Stock Units reported as exercised or converted in this filing, the RSU balance is shown as 0 units remaining following the transaction.
Was Patrick Hafner’s BLMN transaction under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan applied to the reported transactions.
What position does Patrick Hafner hold at Bloomin' Brands (BLMN)?
Patrick M. Hafner is identified as an officer of Bloomin' Brands, serving as EVP, President Outback Steakhouse.
AI-generated analysis. How Rhea-AI works. Not financial advice.
