Form 4: Bloomin' Brands Executive Mark Graff Reports Stock Transactions
SEC Form 4 Filing
EVP Mark Graff reports transactions involving Bloomin' Brands stock, including the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- Mark Graff, EVP and President of Bonefish Grill at Bloomin' Brands, reported several transactions involving the company's common stock.
- These transactions occurred on February 21 and 22, 2025.
- The transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares by the issuer to cover applicable withholding taxes.
- Graff acquired shares through the vesting of RSUs and disposed of shares to cover tax obligations.
- After these transactions, Graff directly owns 42,304 shares of Bloomin' Brands common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages including RSUs are standard practice among publicly listed companies like Bloomin' Brands.
- Companies such as Darden Restaurants (DRI) and Texas Roadhouse (TXRH) also utilize RSUs as part of their executive compensation plans.
- The vesting schedules and tax withholding practices described in the filing are typical for RSU grants.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
- Shareholders may be interested in executive stock ownership as an indicator of alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/21/2022 | RSUs granted in the original amount of 4,431, which vest in three equal annual installments, with a final vesting in 2025. |
| 02/21/2022 | RSUs granted in the original amount of 6,646, which vest in three equal annual installments, with a final vesting in 2025. |
| 02/22/2023 | RSUs granted in the original amount of 5,227, which vest in three equal annual installments, with a final vesting in 2026. |
| 02/22/2023 | RSUs granted in the original amount of 3,921, which vest in three equal annual installments, with a final vesting in 2026. |
| 02/21/2025 | Date of earliest transaction reported. |
| 02/21/2025 | Vesting of RSUs and withholding of shares for tax obligations. |
| 02/22/2025 | Vesting of RSUs and withholding of shares for tax obligations. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Bloomin' Brands, BLMN, Mark Graff, Restricted Stock Units, RSU, Beneficial Ownership, Insider Trading
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