Form 4: Bloomin' Brands Executive Acquires Restricted Stock Units
SEC Form 4 Filing
Brett A. Patterson, EVP and President of Outback Steakhouse, reports acquisition of 6,673 restricted stock units in Bloomin' Brands, Inc.
Summary
- Brett A. Patterson, an executive at Bloomin' Brands, Inc., filed a Form 4 indicating changes in beneficial ownership.
- On February 28, 2024, Patterson acquired 6,673 restricted stock units (RSUs).
- These RSUs represent the contingent right to receive one share of Bloomin' Brands common stock upon vesting.
- The RSUs vest in three equal annual installments, with final vesting in 2027.
- Following the reported transaction, Patterson directly owns 46,170 shares of common stock and 6,673 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation, and does not contain any information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Stakeholder Impact
- The grant of RSUs aligns executive interests with shareholder value by incentivizing long-term performance.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of RSU grant and transaction |
| 02/29/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.