Bloomin' Brands (BLMN) EVP gains stock as RSUs vest, shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloomin' Brands, Inc. executive Lissette R. Gonzalez, EVP and Chief Commercial Officer, reported equity award activity. She exercised 4,861 restricted stock units, converting them into the same number of shares of common stock at a stated price of $0.00 per share.
On the same date, 1,201 common shares were withheld by the company at $6.35 per share to cover tax obligations upon RSU vesting, a tax-withholding disposition rather than an open-market sale. After these transactions, she directly owned 46,483 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,861 shares exercised/converted
Mixed
3 txns
Insider
Gonzalez Lissette R
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,861 | $0.00 | -- |
| Exercise | Common Stock | 4,861 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,201 | $6.35 | $8K |
Holdings After Transaction:
Restricted Stock Units — 4,861 shares (Direct);
Common Stock — 47,684 shares (Direct)
Footnotes (1)
- On September 3, 2024, these restricted stock units ("RSU") were granted in the original amount of 19,443, which vest 50% on the 12-month anniversary of the grant date; 25% on the 18-month anniversary of the grant date; and 25% on the 24-month anniversary of the grant date; with a final vesting in 2026. This amount reflects a change of 369 shares originally reported in the reporting person's Form 4 filed on March 3, 2026, in which the number of shares withheld to satisfy tax withholding obligations was incorrect. These shares of common stock were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain RSUs. Each RSU represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit. This field is not applicable.
FAQ
What insider activity did Bloomin' Brands (BLMN) report for Lissette R. Gonzalez?
Bloomin' Brands reported that Lissette R. Gonzalez, EVP and Chief Commercial Officer, exercised 4,861 restricted stock units into common shares. The filing also shows a related tax-withholding share disposition, reflecting routine equity award vesting rather than an open-market trade.
Was the Bloomin' Brands (BLMN) insider transaction an open-market sale?
The filing indicates no open-market sale. Instead, 1,201 shares of common stock were withheld by Bloomin' Brands at $6.35 per share to satisfy tax withholding obligations triggered by RSU vesting, a typical tax-withholding disposition for equity awards.
What are the terms of the restricted stock units reported for Bloomin' Brands (BLMN)?
The footnotes state that 19,443 restricted stock units were granted on September 3, 2024. They vest 50% on the 12-month anniversary, 25% on the 18-month anniversary, and 25% on the 24-month anniversary, with final vesting occurring in 2026.
Did the Bloomin' Brands (BLMN) Form 4 include any corrections to prior reports?
A footnote explains that the reported amount reflects a change of 369 shares from an earlier Form 4 filed on March 3, 2026, where the number of shares withheld to satisfy tax withholding obligations had been reported incorrectly and is now adjusted.
How does each Bloomin' Brands (BLMN) RSU relate to common stock?
According to the footnotes, each restricted stock unit represents the contingent right to receive one share of common stock of Bloomin' Brands upon vesting. This means vested RSUs convert on a one-for-one basis into the company’s common shares.