Form 4: Bloomin' Brands CLO Reports Equity Transactions

Bloomin' Brands' Chief Legal Officer, Kelly Lefferts, reported the vesting and grant of restricted stock units and related common stock transactions.

Summary

• Kelly Lefferts, EVP, Chief Legal Officer of Bloomin' Brands, Inc. (BLMN), reported several equity transactions.
• On February 27, 2026, 61,275 Restricted Stock Units (RSUs) were granted, which will vest in three equal annual installments with final vesting in 2029.
• On February 28, 2026, 2,447 RSUs from a February 28, 2024 grant (originally 7,340 units) vested and converted into common stock.
• Concurrently, 958 shares of common stock were withheld by the issuer at a price of $6.12 to cover applicable tax obligations related to RSU vesting.
• Also on February 28, 2026, 16,129 RSUs from a February 28, 2025 grant (originally 48,388 units) vested and converted into common stock.
• An additional 6,347 shares of common stock were withheld by the issuer at a price of $6.12 for tax purposes related to this RSU vesting.
• Following these transactions, Kelly Lefferts beneficially owns 113,705 shares of common stock directly.
• Lefferts also beneficially owns 95,981 Restricted Stock Units, comprising 61,275 from the 2026 grant, 2,447 remaining from the 2024 grant, and 32,259 remaining from the 2025 grant.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, representing routine executive compensation activities. The grant and vesting of RSUs are standard practice and do not indicate significant positive or negative operational developments.

Positives

• Grant of 61,275 Restricted Stock Units (RSUs) to a key executive, indicating continued long-term incentive and alignment with shareholder interests.
• Vesting of 2,447 and 16,129 RSUs, converting derivative securities into direct common stock ownership for the executive.

Negatives

• Disposition of 958 and 6,347 shares of common stock for tax withholding purposes, which reduces the net shares received by the executive from vested RSUs.

Future Outlook

The vesting schedules for the granted Restricted Stock Units extend through 2027, 2028, and 2029, indicating a long-term incentive structure for the executive.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, reflecting executive compensation and ownership changes. These transactions are common practice for publicly traded companies to align executive incentives with shareholder value through equity awards.

Stakeholder Impact

• Shareholders: Minor impact from routine equity compensation, aligning executive interests with company performance.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• Continued vesting of 61,275 Restricted Stock Units granted on February 27, 2026, in equal annual installments through 2029.
• Continued vesting of remaining Restricted Stock Units from the February 28, 2024 grant, with final vesting in 2027.
• Continued vesting of remaining Restricted Stock Units from the February 28, 2025 grant, with final vesting in 2028.

Key Dates

Keywords

Bloomin' Brands, BLMN, Insider Trading, Form 4, Restricted Stock Units, RSU, Equity Compensation, Executive Compensation, Kelly Lefferts, Common Stock, Tax Withholding