Bloomin' Brands legal chief settles RSU taxes in stock
Bloomin' Brands EVP and Chief Legal Officer Kelly Lefferts reported the vesting and conversion of 6,481 restricted stock units into 6,481 shares of common stock on March 3, 2026.
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Rhea-AI Filing Summary
Bloomin' Brands EVP and Chief Legal Officer Kelly Lefferts reported the vesting and conversion of 6,481 restricted stock units into 6,481 shares of common stock on March 3, 2026. Each RSU represents the right to receive one share of common stock upon vesting.
On the same date, 2,551 shares of common stock were withheld by the company at a price of $6.35 per share to cover tax withholding obligations tied to the RSU vesting. After these transactions, Lefferts directly held 117,604 shares of Bloomin' Brands common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,481 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,481 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,551 | $6.35 | $16K |
Footnotes (5)
- 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. This amount reflects a change of 31 shares originally reported in the reporting person's Form 4 filed on March 3, 2026, in which the number of shares withheld to satisfy tax withholding obligations was incorrect.
- F3. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs.
- F4. Each RSU represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit.
- F5. This field is not applicable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Bloomin' Brands (BLMN) report for Kelly Lefferts?
Were the Bloomin' Brands (BLMN) Form 4 transactions open-market purchases or sales?
What is the background of the Bloomin' Brands RSUs reported for Kelly Lefferts?
Did the Bloomin' Brands Form 4 correct any previously reported amounts?
AI-generated analysis. How Rhea-AI works. Not financial advice.