Bloomin' Brands (BLMN) CAO nets RSU shares, withholds stock for taxes
Rhea-AI Filing Summary
Bloomin' Brands SVP and Chief Accounting Officer Philip J. Pace reported equity compensation activity involving restricted stock units and common stock. On February 22, 2026, 2,462 restricted stock units were exercised into 2,462 shares of common stock at a stated price of $0.00 per share, reflecting a vesting event from RSUs originally granted on February 22, 2023 and scheduled to vest in three equal annual installments through 2026.
In a related move, 1,100 shares of common stock were withheld by the company at $6.47 per share to cover applicable withholding taxes due upon the RSU vesting, as described in the footnotes. After these transactions, Pace directly owned 39,071 shares of Bloomin' Brands common stock. Each RSU represents the contingent right to receive one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,462 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,462 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,100 | $6.47 | $7K |
Footnotes (4)
- F1. On February 22, 2023, these restricted stock units ("RSU") were granted in the original amount of 7,384, which vest in three equal annual installments, 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.
FAQ
What did Bloomin' Brands (BLMN) officer Philip J. Pace report on this Form 4?
How were Philip J. Pace’s restricted stock units in Bloomin' Brands structured and when were they granted?
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