Bloomin' Brands CAO has 3,241 RSUs vest
Bloomin' Brands’ chief accounting officer had RSUs vest into shares, with a portion withheld to cover taxes and no Rule 10b5-1 plan indicated.
Rhea-AI Filing Summary
Bloomin' Brands, Inc. (BLMN) reported that SVP and Chief Accounting Officer Philip J. Pace had restricted stock units convert into common shares. On September 3, 2026, 3,241 RSUs converted into 3,241 shares of common stock, and 790 of those shares were withheld by the issuer at $9.73 per share to cover withholding taxes. The RSUs came from a grant of 12,962 units awarded on September 3, 2024 with a staged vesting schedule through 2026. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,241 shares exercised/converted
Exercise
3 txns
Insider
Pace Philip J
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F4 | 3,241 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,241 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 790 | $9.73 | $8K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 59,497 shares (Direct)
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.
Key Figures
RSUs converted: 3,241 units
Common shares received: 3,241 shares
Shares withheld for taxes: 790 shares
+4 more
7 metrics
RSUs converted
3,241 units
RSUs converted into common stock on September 3, 2026
Common shares received
3,241 shares
Shares issued upon RSU conversion on September 3, 2026
Shares withheld for taxes
790 shares
Withheld to pay withholding tax upon RSU vesting
Withholding price
$9.73 per share
Value used for shares withheld to cover tax liability
Original RSU grant size
12,962 units
RSUs granted on September 3, 2024
Vesting schedule 1
50%
Vests on 12‑month anniversary of September 3, 2024 grant
Vesting schedule 2
25% / 25%
Vests on 18‑ and 24‑month anniversaries of grant, with final vesting in 2026
Key Terms
Restricted Stock Units, withholding tax, contingent right
3 terms
Restricted Stock Units financial
"these restricted stock units ("RSU") were granted in the original amount"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding tax financial
"withheld by the issuer to pay for the applicable withholding tax"
Withholding tax is a government-required portion of a payment—such as dividends, interest, or salary—that the payer keeps back and sends directly to tax authorities before the recipient receives the money. For investors it reduces the cash they actually get and changes the after-tax return on an investment; rates and refund or credit rules vary by country and can materially affect comparisons between similar investments, like a cashier holding part of a bill to cover taxes.
contingent right financial
"Each RSU represents the contingent right to receive one share"
FAQ
What insider transaction did BLMN disclose for Philip J. Pace?
Bloomin' Brands disclosed that 3,241 restricted stock units held by SVP and Chief Accounting Officer Philip J. Pace converted into 3,241 common shares on September 3, 2026, as part of a previously granted RSU award.
What was the size and vesting schedule of the original BLMN RSU grant?
On September 3, 2024, Philip J. Pace received an RSU grant of 12,962 units, vesting 50% on the 12‑month anniversary, 25% on the 18‑month anniversary, and 25% on the 24‑month anniversary, with final vesting in 2026.
Does this BLMN insider transaction involve a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to these transactions, meaning they were not reported as executed under a pre-arranged trading plan.
What does each RSU represent in the BLMN filing for Philip J. Pace?
Each restricted stock unit reported for Philip J. Pace represents the contingent right to receive one share of Bloomin' Brands common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.