Bloomin' Brands legal chief stock awards vest
Bloomin' Brands’ chief legal officer had RSUs vest into shares, with a portion withheld to cover tax obligations.
Rhea-AI Filing Summary
Bloomin' Brands, Inc. (BLMN) reported that EVP and Chief Legal Officer Kelly Lefferts had 15,385 Restricted Stock Units vest and convert into an equal number of shares of common stock on September 2, 2026. Of these, 3,747 shares were withheld by the issuer at $9.93 per share to cover applicable withholding taxes, with the balance of the vested shares retained. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,385 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 | 15,385 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 15,385 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 3,747 | $9.93 | $37K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 129,242 shares (Direct)
Footnotes (4)
- F1. On September 2, 2025, these restricted stock units ("RSU") were granted in the original amount of 15,385, which will fully vest in one year on September 2, 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: 15,385 units
Shares withheld for taxes: 3,747 shares
Withholding price per share: $9.93 per share
+2 more
5 metrics
RSUs converted
15,385 units
Restricted Stock Units vested and converted into common stock on September 2, 2026
Shares withheld for taxes
3,747 shares
Common shares withheld to pay withholding tax upon RSU vesting
Withholding price per share
$9.93 per share
Price used for the shares withheld to satisfy tax liability
RSU grant date
September 2, 2025
Original grant date of the 15,385 RSUs
RSU vesting date
September 2, 2026
Date on which the RSUs fully vested
Key Terms
Restricted Stock Units, withholding tax, contingent right, Rule 10b5-1
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"
Rule 10b5-1 regulatory
"no Rule 10b5-1 trading plan is reported for these transactions"
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 insider transaction did BLMN disclose for EVP, Chief Legal Officer Kelly Lefferts?
BLMN disclosed that on September 2, 2026, 15,385 RSUs held by EVP, Chief Legal Officer Kelly Lefferts vested and were converted into 15,385 shares of common stock, with a portion of those shares withheld to satisfy tax obligations.
How many Bloomin' Brands (BLMN) RSUs vested for Kelly Lefferts and when?
An award of 15,385 Restricted Stock Units granted on September 2, 2025 fully vested on September 2, 2026, as disclosed in the Form 4 footnotes.
Did Bloomin' Brands’ Form 4 state that the transactions were under a Rule 10b5-1 plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for these transactions.
What type of securities were involved in Kelly Lefferts’ BLMN Form 4 transactions?
The transactions involved Restricted Stock Units that each represented a contingent right to receive one share of Bloomin’ Brands common stock, and the resulting common stock issued upon vesting and conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.