Form 4: Bloomin' Brands SVP Philip J. Pace Reports Stock Transactions
SEC Form 4 Filing
Philip J. Pace, SVP and Chief Accounting Officer of Bloomin' Brands, Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On May 2, 2025, Philip J. Pace, SVP, Chief Accounting Officer of Bloomin' Brands, Inc., reported transactions involving common stock and restricted stock units (RSUs).
- 2,500 restricted stock units vested, converting into common stock.
- 609 shares of common stock were withheld by the issuer to cover withholding taxes due upon the vesting of the RSUs at a price of $8.09.
- Following these transactions, Pace directly owns 33,779 shares of Bloomin' Brands common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment. It reflects standard corporate practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/02/2022 | Original grant date of the restricted stock units (7,500 units) vesting in three equal annual installments. |
| 05/02/2025 | Date of transaction: vesting of 2,500 restricted stock units and withholding of shares for taxes. |
| 05/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Bloomin' Brands, BLMN, Philip J. Pace, Restricted Stock Units, RSU, Form 4, Insider Trading, Stock Options, Vesting, Tax Withholding
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