Bloomin' Brands (BLMN) CLO Kelly Lefferts Receives RSU Vesting

What Happened

• Kelly Lefferts, Executive Vice President and Chief Legal Officer of Bloomin' Brands (BLMN), had 15,385 restricted stock units (RSUs) convert to common shares on September 2, 2026. The conversion is reported as an exercise/conversion of a derivative (code M) at $0.00. To cover tax withholding (code F), 3,747 shares were withheld/disposed at $9.93 each, totaling $37,208. Net shares retained from the vesting: 11,638.

Key Details

• Transaction date: 2026-09-02; Form 4 filed: 2026-09-04 (appears timely).
• RSUs converted/issued: 15,385 shares at $0.00 (derivative conversion).
• Shares withheld for taxes: 3,747 shares at $9.93 each = $37,208.
• Net shares added to beneficial ownership: 11,638 (15,385 − 3,747).
• Footnotes: F1 — RSUs were granted 9/2/2025 and fully vested 9/2/2026; F2 — shares withheld to pay withholding tax; F3 — each RSU equals one common share; F4 — not applicable.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was a routine RSU vesting event, not an open-market purchase or a discretionary sale. The withholding of shares to cover taxes is common in equity awards (a form of cashless/stock-withholding to satisfy tax liabilities). The filing shows conversion of the derivative RSUs into shares and the related withholding; it does not indicate a directional buy or sell decision beyond the tax withholding.