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Bloomin' Brands (BLMN) CLO converts 2,396 RSUs, 1,070 shares withheld for tax

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

Rhea-AI Filing Summary

Bloomin' Brands executive vice president and chief legal officer Kelly Lefferts exercised restricted stock units and had shares withheld to cover taxes. On the transaction date, 2,396 RSUs converted into 2,396 shares of common stock at no cost, and 1,070 shares were withheld at $6.47 per share to satisfy tax obligations. After these moves, Lefferts directly owned 102,434 shares of Bloomin' Brands common stock.

Positive

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Negative

  • None.
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*
Lefferts Kelly

(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, Chief Legal Officer
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 2,396(1) A $0 103,504 D
Common Stock 02/22/2026 F 1,070(2) D $6.47 102,434 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 2,396 (1) (4) Common Stock 2,396 $0 0 D
Explanation of Responses:
1. On February 22, 2023, these restricted stock units ("RSU") were granted in the original amount of 7,187, 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 did Bloomin' Brands (BLMN) executive Kelly Lefferts report in this Form 4?

Kelly Lefferts reported exercising restricted stock units into 2,396 common shares and a related tax-withholding share disposition. The transactions reflect equity vesting and routine tax settlement rather than an open-market stock purchase or sale.

How many Bloomin' Brands (BLMN) shares did Kelly Lefferts acquire and dispose of?

Lefferts acquired 2,396 common shares through RSU conversion and disposed of 1,070 shares to cover taxes. The tax-related shares were withheld by the issuer, leaving Lefferts with 102,434 shares of directly owned common stock.

Was Kelly Lefferts' Bloomin' Brands (BLMN) Form 4 an open-market trade?

No, the Form 4 shows RSU conversion and tax-withholding, not open-market trading. Shares were issued at no cost upon vesting, and 1,070 shares were withheld by Bloomin' Brands to satisfy tax liabilities tied to the vesting.

What price was used for the tax-withholding shares in the Bloomin' Brands (BLMN) filing?

The tax-withholding disposition used a price of $6.47 per share for 1,070 shares. These shares were retained by the issuer to pay applicable withholding taxes triggered by the vesting of certain restricted stock units.

How many Bloomin' Brands (BLMN) shares does Kelly Lefferts own after these transactions?

Following the RSU conversion and tax-withholding disposition, Kelly Lefferts directly owns 102,434 shares of Bloomin' Brands common stock. This figure reflects the net position after issuing 2,396 shares and withholding 1,070 shares for taxes.
Bloomin' Brands

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