GEORGE DAVID C 4

What Happened

• George David C, a director of Bloomin' Brands, filed a Form 4 showing derivative activity and an award on 2026-04-22. The filing reports the exercise/conversion of 25,478 derivative units (acquired at $0.00) and a simultaneous disposition of 25,478 shares (also reported at $0.00). In addition, he received a grant of 23,485 restricted stock units (RSUs) at $0.00. No cash values are reported for the transactions.
• These transactions reflect conversion/settlement of vested derivative awards (25,478 units) and a new RSU grant (23,485 units). The converted 25,478 shares were disposed the same day per the filing; the 23,485 RSUs are contingent awards that will vest later.

Key Details

• Transaction date: 2026-04-22; Form filed: 2026-04-24 (appears timely under the 2-business-day rule).
• Reported prices and values: $0.00 per share; total dollar amounts shown as $0.
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: Some or all shares are held jointly with the reporting person’s spouse.
  • F2: RSU definition — each RSU converts to one share on vesting.
  • F3: The 23,485 RSUs will fully vest immediately prior to the issuer’s 2027 annual meeting.
  • F5: The 25,478 RSUs (original grant) fully vested immediately prior to the issuer’s 2026 annual meeting.
• Transaction codes: M = exercise/conversion of derivative; A = grant/award.

Context

• For retail investors: an exercise/conversion followed by a same-day disposition often reflects settlement and immediate sale (e.g., to cover taxes or monetize vested awards), but the filing alone does not state the reason. The newly granted 23,485 RSUs are future compensation that will convert to shares when they vest (per F3).
• These entries are director-level compensation/settlement events rather than open-market purchases that would be interpreted as a fresh personal buy signal.