Form 4: Bloomin' Brands Executive Granted Restricted Stock Units

Mark E. Graff, EVP and President of Bonefish Grill at Bloomin' Brands, Inc., was granted 19,443 restricted stock units (RSUs) on September 3, 2024.

Summary

• Mark E. Graff, an executive at Bloomin' Brands, Inc., received 19,443 restricted stock units (RSUs) on September 3, 2024.
• These RSUs represent the right to receive one share of Bloomin' Brands common stock upon vesting.
• The RSUs vest in installments: 50% on the 12-month anniversary of the grant date, 25% on the 18-month anniversary, and 25% on the 24-month anniversary, with final vesting in 2026.
• Following the transaction, Mr. Graff directly owns 34,612 shares of Bloomin' Brands common stock and 19,443 restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a standard practice and indicates confidence in the executive's future contributions. There are no explicit negative indicators.

Positives

• The grant of RSUs aligns Mr. Graff's interests with those of the shareholders, incentivizing him to improve the company's performance.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements, but the RSU grant suggests an expectation of continued service and contribution from the executive.

Industry Context

Executive compensation through stock grants is a common practice in the restaurant industry to incentivize performance and retain key personnel. The vesting schedule is typical for such grants.

Comparison to Industry Standards

• Companies like Darden Restaurants (DRI) and Restaurant Brands International (QSR) also utilize stock-based compensation for their executives.
• The vesting schedule of the RSUs is comparable to industry standards, typically ranging from 2 to 4 years.
• The amount of RSUs granted is likely determined based on the executive's role, performance, and overall compensation package, which is a standard practice.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive interests with long-term company performance.
• Employees may see the grant as a sign of stability and investment in leadership.

Key Dates