Form 4: Bloomin' Brands Executive Lissette Gonzalez Reports Stock Transactions
SEC Form 4 Filing
EVP Lissette Gonzalez reports the vesting and subsequent tax withholding of Bloomin' Brands stock units.
Summary
- Lissette R Gonzalez, EVP, Chief Supply Chain and Op of Bloomin' Brands, Inc., filed a Form 4 on November 4, 2024, regarding changes in beneficial ownership.
- On November 1, 2024, Ms. Gonzalez vested 4,018 restricted stock units (RSUs) which converted into common stock.
- 979 shares of common stock were withheld by the issuer to cover applicable withholding taxes due upon the vesting of the RSUs at a price of $16.25.
- Following these transactions, Ms. Gonzalez directly owns 14,952 shares of common stock and 8,037 restricted stock units.
- The RSUs were originally granted on November 1, 2023, and vest in three equal annual installments, with final vesting in 2026.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard compensation practices for executives.
Key Dates
| Date | Description |
|---|---|
| 11/01/2023 | Original grant date of the restricted stock units (12,055 units). |
| 11/01/2024 | Vesting of 4,018 restricted stock units and tax withholding of 979 shares. |
| 2026 | Final vesting date for the restricted stock units. |
| 11/04/2024 | Date of Form 4 filing. |
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