Form 4: Bloomin' Brands Executive Exercises Stock Options and Sells Shares for Tax Obligations

Lissette R. Gonzalez, EVP, Chief Supply Chain and Op at Bloomin' Brands, Inc., exercised stock options and sold shares to cover tax obligations on May 3, 2024.

Summary

• On May 3, 2024, Lissette R. Gonzalez, EVP, Chief Supply Chain and Op at Bloomin' Brands, Inc., exercised 2,500 restricted stock units (RSUs) that were originally granted on May 3, 2021.
• These RSUs vested in three equal annual installments, with the final vesting occurring in 2024.
• Gonzalez also disposed of 609 shares of common stock at a price of $25.61 to cover withholding tax obligations related to the vesting of the RSUs.
• Following these transactions, Gonzalez beneficially owns 11,913 shares of Bloomin' Brands, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.

Key Dates