Bloomin' Brands (BLMN) EVP Hafner exercises RSUs and withholds shares for taxes
Rhea-AI Filing Summary
Bloomin' Brands executive Patrick M. Hafner reported equity award activity involving restricted stock units and common shares. On the reported date, 8,101 restricted stock units were exercised for no cash cost, resulting in the acquisition of 8,101 shares of common stock and increasing his directly held common shares to 33,145.
In a separate transaction the same day, 1,973 common shares were withheld by the company at a price of $6.35 per share to cover tax obligations upon vesting of certain RSUs, leaving Hafner with 31,172 directly owned common shares. Footnotes explain that these RSUs were part of a 32,405-unit grant with scheduled vesting through a final vesting in 2026, and that each RSU converts into one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,101 | $0.00 | -- |
| Exercise | Common Stock | 8,101 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,973 | $6.35 | $13K |
Footnotes (1)
- On September 3, 2024, these restricted stock units ("RSU") were granted in the original amount of 32,405, which vest 50% on the 12-month anniversary of the grant date; 25% on the 18-month anniversary of the grant date; and 25% on the 24-month anniversary of the grant date; with a final vesting in 2026. This amount reflects a change of 252 shares originally reported in the reporting person's Form 4 filed on March 3, 2026, in which the number of shares withheld to satisfy tax withholding obligations was incorrect. 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.