Form 4: Bloomin' Brands Executive Exercises Stock Options and Sells Shares to Cover Taxes

Mark E. Graff, EVP and President of Bonefish Grill at Bloomin' Brands, exercised stock options and sold shares to cover tax obligations on December 1, 2024.

Summary

• Mark E. Graff, an executive at Bloomin' Brands, exercised 3,901 restricted stock units (RSUs) on December 1, 2024.
• These RSUs converted into 3,901 shares of common stock.
• Following the exercise, 950 shares were sold at $13.94 per share to cover withholding taxes.
• After these transactions, Mr. Graff directly owns 37,563 shares of Bloomin' Brands common stock.
• The RSUs were originally granted on December 1, 2023, and vest in three equal annual installments.

Sentiment

Score: 5

Explanation: The document is a routine filing related to executive stock transactions and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies. It reflects the vesting schedule of stock options and the subsequent sale of shares to cover tax liabilities.

Comparison to Industry Standards

• The vesting schedule of the RSUs, with three equal annual installments, is a common practice in executive compensation packages.
• The sale of shares to cover tax obligations is a standard procedure for executives exercising stock options.
• Other companies in the restaurant industry, such as Darden Restaurants (DRI) and Texas Roadhouse (TXRH), also have similar executive compensation structures and reporting requirements.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.

Key Dates

Keywords

stock options, restricted stock units, RSU, insider trading, executive compensation, share sale, Form 4, Bloomin' Brands, BLMN