Form 4: Bloomin' Brands EVP Pierre Berenstein Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Customer Officer of Bloomin' Brands, Pierre Berenstein, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On August 1, 2024, Pierre Berenstein, EVP and Chief Customer Officer of Bloomin' Brands, reported transactions involving common stock and restricted stock units (RSUs).
- 3,576 shares of common stock were acquired through the vesting of RSUs.
- 787 shares were disposed of to cover withholding taxes at a price of $20.05 per share.
- Following these transactions, Berenstein directly owns 26,019 shares of Bloomin' Brands common stock and 7,154 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/01/2023 | Date the RSUs were originally granted in the amount of 10,730, vesting in three equal annual installments, with a final vesting in 2026. |
| 08/01/2024 | Date of the reported transactions: vesting of RSUs and withholding of shares for taxes. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
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