Form 4: Bloomin' Brands EVP, CFO William Michael Healy Reports Stock Transactions
SEC Form 4 Filing
William Michael Healy, EVP and CFO of Bloomin' Brands, Inc., reports multiple transactions involving common stock and restricted stock units, resulting in adjustments to his beneficial ownership.
Summary
- On February 24, 2025, William Michael Healy, the EVP and CFO of Bloomin' Brands, Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
- The reported transactions include the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover applicable withholding taxes.
- Specifically, on February 21 and 22, 2025, Healy vested RSUs granted in 2022 and 2023, resulting in the acquisition of 1,570, 1,394, and 1,307 shares of common stock, respectively.
- The issuer withheld 466, 414, and 388 shares of common stock, respectively, at a price of $11.84 per share to cover withholding taxes due upon the vesting of the RSUs.
- Following these transactions, Healy's direct ownership of Bloomin' Brands common stock is reported as 54,786 shares as of February 21, 2025 and 53,682 shares as of February 22, 2025.
- He also continues to hold 0 restricted stock units granted in 2022 and 2023.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/21/2022 | RSUs were granted in the original amount of 4,708, which vest in three equal annual installments, with a final vesting in 2025. |
| 02/22/2023 | RSUs were granted in the original amount of 4,182, which vest in three equal annual installments, with a final vesting in 2026. |
| 02/22/2023 | RSUs were granted in the original amount of 3,921, which vest in three equal annual installments, with a final vesting in 2026. |
| 02/21/2025 | Date of RSU vesting and stock withholding transactions. |
| 02/22/2025 | Date of RSU vesting and stock withholding transactions. |
| 02/24/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, Bloomin' Brands, Healy, BLMN, SEC
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