Executive at Bloomin' Brands (BLMN) converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
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
- None.
Negative
- None.
Insider Trade Summary
1,351 shares exercised/converted
Mixed
3 txns
Insider
Hafner Patrick M
Role
EVP, Pres Outback Steakhouse
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,351 | $0.00 | -- |
| Exercise | Common Stock | 1,351 | $0.00 | -- |
| Tax Withholding | Common Stock | 401 | $6.47 | $3K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 15,207 shares (Direct)
Footnotes (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. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs. Each RSU represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit. This field is not applicable.
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.
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.