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Executive at Bloomin' Brands (BLMN) converts RSUs and withholds shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bloomin' Brands executive Patrick M. Hafner reported equity award activity involving restricted stock units and common shares. On February 22, 2026, 1,351 restricted stock units were exercised at $0.00 per unit, converting into 1,351 shares of common stock under an award originally granted on February 22, 2023 and vesting in three equal annual installments with final vesting in 2026.

In a related transaction the same day, 401 common shares were withheld by the company at $6.47 per share to cover withholding taxes due upon vesting of the RSUs, described as a payment of tax liability by delivering securities rather than an open-market sale. After these transactions, Hafner directly owned 14,806 shares of Bloomin' Brands common stock.

Positive

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Negative

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hafner Patrick M

(Last) (First) (Middle)
2202 N. WEST SHORE BLVD.
SUITE 500

(Street)
TAMPA FL 33607

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Bloomin' Brands, Inc. [ BLMN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Pres Outback Steakhouse
3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/22/2026 M 1,351(1) A $0 15,207 D
Common Stock 02/22/2026 F 401(2) D $6.47 14,806 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0(3) 02/22/2026 M 1,351 (1) (4) Common Stock 1,351 $0 0 D
Explanation of Responses:
1. On February 22, 2023, these restricted stock units ("RSU") were granted in the original amount of 4,051, which vest in three equal annual installments, with a final vesting in 2026.
2. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs.
3. Each RSU represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit.
4. This field is not applicable.
Remarks:
/s/ Allison Hicks, Attorney in Fact 02/24/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Bloomin' Brands (BLMN) executive Patrick Hafner report?

Patrick M. Hafner reported vesting and conversion of 1,351 restricted stock units into common stock and a related tax-withholding share disposition. These movements reflect routine equity compensation activity rather than open-market buying or selling of Bloomin' Brands shares.

How many restricted stock units vested for Bloomin' Brands (BLMN) EVP Patrick Hafner?

A total of 1,351 restricted stock units vested and were exercised into 1,351 shares of Bloomin' Brands common stock. The RSUs were part of a 4,051-unit grant awarded on February 22, 2023, scheduled to vest in three equal annual installments through 2026.

Why were 401 Bloomin' Brands (BLMN) shares disposed of in Patrick Hafner’s Form 4?

401 shares were withheld by Bloomin' Brands to pay applicable withholding taxes due upon RSU vesting. This tax-withholding disposition, reported under transaction code “F”, settles tax obligations using shares instead of cash, not an elective open-market sale by the executive.

What is Patrick Hafner’s Bloomin' Brands (BLMN) share ownership after these transactions?

Following the RSU conversion and tax-withholding share disposition, Patrick M. Hafner directly owned 14,806 shares of Bloomin' Brands common stock. This figure reflects his updated direct holdings immediately after the February 22, 2026 Form 4-reported transactions.

Were Patrick Hafner’s Bloomin' Brands (BLMN) transactions open-market purchases or sales?

The filing shows an exercise of restricted stock units and a tax-withholding disposition, not open-market trades. Shares were issued at no cost upon RSU vesting, and 401 shares were withheld by the issuer to satisfy tax liabilities tied to that vesting.

What are the terms of the Bloomin' Brands (BLMN) RSU grant reported by Patrick Hafner?

The restricted stock units were granted on February 22, 2023, in an original amount of 4,051 units. They vest in three equal annual installments, with the final tranche vesting in 2026, and each unit represents the right to receive one Bloomin' Brands common share.
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