BLMN.NASDAQBloomin' Brands, INC

Form 4: Bloomin' Brands SVP, Chief Accounting Officer Philip J. Pace Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Philip J. Pace, SVP, Chief Accounting Officer of Bloomin' Brands, Inc., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

  • On May 2, 2024, Philip J. Pace, SVP, Chief Accounting Officer of Bloomin' Brands, Inc., reported transactions involving common stock and restricted stock units (RSUs).
  • 2,500 shares of common stock were acquired through the vesting of RSUs.
  • 609 shares were disposed of to cover withholding taxes at a price of $25.09 per share.
  • Following these transactions, Pace directly owns 27,547 shares of common stock and 2,500 RSUs.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any particular positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. It provides transparency into insider transactions.

Stakeholder Impact

  • The transaction has a minor impact on shareholders due to the change in ownership by an executive.
  • The transaction impacts the executive's personal holdings and compensation.

Key Dates

DateDescription
05/02/2022RSUs were granted in the original amount of 7,500, which vest in three equal annual installments, with a final vesting in 2025.
05/02/2024Date of transaction: vesting of 2,500 RSUs and withholding of 609 shares for taxes.
05/03/2024Date of signature on the Form 4 filing.

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