Bloomin' Brands (BLMN) EVP adds stock through RSU grants and vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloomin' Brands executive Kelly Lefferts, EVP and Chief Legal Officer, reported equity compensation activity. On February 27, 2026, she received a grant of 61,275 restricted stock units that vest in three equal annual installments, with final vesting in 2029. On February 28, previously granted RSUs vested and were converted into common stock, bringing her direct ownership to 113,705 common shares. Some common shares were withheld at $6.12 per share to satisfy tax obligations upon vesting, rather than being sold in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,576 shares exercised/converted
Mixed
7 txns
Insider
Lefferts Kelly
Role
EVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,447 | $0.00 | -- |
| Exercise | Restricted Stock Units | 16,129 | $0.00 | -- |
| Exercise | Common Stock | 2,447 | $0.00 | -- |
| Tax Withholding | Common Stock | 958 | $6.12 | $6K |
| Exercise | Common Stock | 16,129 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,347 | $6.12 | $39K |
| Grant/Award | Restricted Stock Units | 61,275 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,447 shares (Direct);
Common Stock — 104,881 shares (Direct)
Footnotes (1)
- On February 28, 2024 these restricted stock units ("RSU") were granted in the original amount of 7,340, which vest in three equal installments, with a final vesting in 2027. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs. On February 28, 2025, these RSUs were granted in the original amount of 48,388, which vest in three equal annual installments, with a final vesting in 2028. Each RSU represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit. On February 27, 2026, these RSUs were granted in the original amount of 61,275, which vest in three equal annual installments, with a final vesting in 2029. This field is not applicable.
FAQ
What insider activity did Bloomin' Brands (BLMN) report for Kelly Lefferts?
Bloomin' Brands reported equity compensation activity for EVP and Chief Legal Officer Kelly Lefferts. She received new restricted stock unit grants, had earlier RSUs vest into common stock, and had some shares withheld to cover applicable tax obligations tied to those vestings.
How many restricted stock units did BLMN grant to Kelly Lefferts in this Form 4?
Kelly Lefferts was granted 61,275 restricted stock units on February 27, 2026. According to the filing, these RSUs vest in three equal annual installments, ending in 2029, and each unit represents the right to receive one share of Bloomin' Brands common stock upon vesting.
What is the vesting schedule of the new RSUs reported by Bloomin' Brands (BLMN)?
The newly granted 61,275 RSUs vest in three equal annual installments, with final vesting in 2029. Earlier RSU grants from 2024 and 2025 mentioned in the footnotes follow similar three-installment schedules, each ending in 2027 and 2028 respectively, as those awards continue to vest.
What does each restricted stock unit represent in the Bloomin' Brands (BLMN) Form 4?
Each restricted stock unit reported for Bloomin' Brands represents a contingent right to receive one share of common stock upon vesting. As the RSUs vest on their scheduled dates, they convert into an equivalent number of Bloomin' Brands common shares held directly.