Form 4: Bloomin' Brands EVP & COO Scarlett Gregg Executes Stock Option Exercise and Hold Transaction

Scarlett Gregg, EVP & COO of Casual Dining at Bloomin' Brands, exercised stock options and engaged in a same-day sale to cover the exercise cost, resulting in a net change in her holdings.

Summary

• On February 27, 2024, Scarlett Gregg, EVP & COO of Casual Dining at Bloomin' Brands, exercised stock options for 12,166 shares of common stock at a price of $25.32 per share.
• This transaction was a cashless exercise and hold, meaning a portion of the shares acquired were immediately sold to cover the cost of exercising the options.
• A total of 11,672 shares were disposed of at $27.14 to cover the exercise cost.
• Following these transactions, Gregg directly owns 239,066 shares of Bloomin' Brands common stock.
• The stock options exercised were granted on February 27, 2014, and vested in four equal annual installments, with the final vesting in 2018.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an executive's stock option exercise and sale. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the exercise of previously granted stock options, which is a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves the exercise of previously granted options and a same-day sale to cover costs.

Key Dates