Bloomin' Brands (BLMN) accounting chief converts RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloomin' Brands, Inc. senior vice president and chief accounting officer Philip J. Pace exercised previously granted restricted stock units into common stock, with part of the shares withheld to cover taxes. On March 3, 2026, 3,240 restricted stock units converted into 3,240 shares of common stock at a stated price of $0.00 per share. In a separate transaction, 1,447 shares of common stock were withheld by the company to satisfy applicable tax withholding due upon vesting of certain RSUs. After these transactions, Pace directly owned 45,408 shares of Bloomin' Brands common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,240 shares exercised/converted
Mixed
3 txns
Insider
Pace Philip J
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,240 | $0.00 | -- |
| Exercise | Common Stock | 3,240 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,447 | $6.35 | $9K |
Holdings After Transaction:
Restricted Stock Units — 3,241 shares (Direct);
Common Stock — 46,855 shares (Direct)
Footnotes (1)
- On September 3, 2024, these restricted stock units ("RSU") were granted in the original amount of 12,962, 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. 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 Philip J. Pace?
Bloomin' Brands reported that Philip J. Pace exercised restricted stock units into common shares and had some shares withheld to cover tax obligations. These transactions reflect equity compensation vesting rather than open-market buying or selling activity by the executive.
How many Bloomin' Brands (BLMN) RSUs did Philip J. Pace convert to common stock?
Philip J. Pace converted 3,240 restricted stock units into 3,240 shares of Bloomin' Brands common stock. The conversion occurred at a stated price of $0.00 per share as part of equity awards that vest over time according to previously established grant terms.
What roles does Philip J. Pace hold at Bloomin' Brands (BLMN) in this Form 4 filing?
Philip J. Pace is identified as an officer of Bloomin' Brands, serving as senior vice president and chief accounting officer. His Form 4 filing relates to equity compensation in the form of restricted stock units that vest and convert into common shares over a defined schedule.
Were the Bloomin' Brands (BLMN) insider transactions open-market buys or sells?
The transactions involved RSU conversion and tax withholding, not open-market trades. RSUs were exercised into common stock at a stated price of $0.00, and some resulting shares were withheld by the issuer solely to satisfy related tax obligations on the vesting awards.