Form 4: Bloomin' Brands EVP Kelly Lefferts Reports Stock Transactions
SEC Form 4
Kelly Lefferts, EVP and Chief Legal Officer of Bloomin' Brands, Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On February 22, 2025, Kelly Lefferts, EVP and Chief Legal Officer of Bloomin' Brands, Inc., reported the vesting of 2,396 restricted stock units (RSUs) which converted into common stock.
- Simultaneously, 711 shares of common stock were withheld by the issuer to cover applicable withholding taxes at a price of $11.84 per share.
- Following these transactions, Lefferts directly owns 89,782 shares of Bloomin' Brands common stock.
- On February 21, 2025, Lefferts also reported the vesting of 2,462 restricted stock units (RSUs) which converted into common stock.
- Simultaneously, 730 shares of common stock were withheld by the issuer to cover applicable withholding taxes at a price of $11.84 per share.
- Following these transactions, Lefferts directly owns 91,514 shares of Bloomin' Brands common stock.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices, which are neither particularly positive nor negative from an investment perspective. The transactions are routine and expected.
Industry Context
This Form 4 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 significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/21/2022 | RSUs were granted in the original amount of 7,385, which vest in three equal annual installments, with a final vesting in 2025. |
| 02/22/2023 | RSUs were granted in the original amount of 7,187, which vest in three equal annual installments, with a final vesting in 2026. |
| 02/21/2025 | Transaction date: Vesting of 2,462 RSUs and withholding of 730 shares for taxes. |
| 02/22/2025 | Transaction date: Vesting of 2,396 RSUs and withholding of 711 shares for taxes. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Bloomin' Brands, BLMN, Kelly Lefferts, Restricted Stock Units, RSU, Vesting, Tax Withholding, Common Stock, EVP, Chief Legal Officer
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