Bloomin' Brands officer converts RSUs into shares
Bloomin' Brands, Inc. senior vice president and chief accounting officer Philip J. Pace exercised previously granted restricted stock units into common stock, with part of the shares withheld to cover taxes.
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Rhea-AI Filing Summary
Bloomin' Brands, Inc. senior vice president and chief accounting officer Philip J. Pace exercised previously granted restricted stock units into common stock, with part of the shares withheld to cover taxes. On March 3, 2026, 3,240 restricted stock units converted into 3,240 shares of common stock at a stated price of $0.00 per share. In a separate transaction, 1,447 shares of common stock were withheld by the company to satisfy applicable tax withholding due upon vesting of certain RSUs. After these transactions, Pace directly owned 45,408 shares of Bloomin' Brands common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,240 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,240 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,447 | $6.35 | $9K |
Footnotes (4)
- F1. On September 3, 2024, these restricted stock units ("RSU") were granted in the original amount of 12,962, 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.
- F2. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs.
- F3. Each RSU represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit.
- F4. This field is not applicable.
FAQ
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What insider activity did Bloomin' Brands (BLMN) report for Philip J. Pace?
How many Bloomin' Brands (BLMN) RSUs did Philip J. Pace convert to common stock?
What roles does Philip J. Pace hold at Bloomin' Brands (BLMN) in this Form 4 filing?
Were the Bloomin' Brands (BLMN) insider transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.