Bloomin' Brands EVP Lefferts Kelly Receives RSU Shares

What Happened

• Lefferts Kelly, EVP & Chief Legal Officer of Bloomin' Brands (BLMN), had 6,481 restricted stock units (RSUs convert to common shares) vest on September 3, 2026. Those RSUs converted into 6,481 shares at $0.00 (code M).
• To cover withholding tax on the vesting, 1,579 of those shares were withheld by the issuer (reported as a disposition, code F) at an implied value of $9.73 per share, totaling $15,364. Net shares received by Kelly = 6,481 - 1,579 = 4,902 shares.

Key Details

• Transaction date: 2026-09-03; Filing date: 2026-09-08 (filed late relative to typical Form 4 timing).
• Reported prices/values: conversion/exercise price $0.00; tax withholding valued at $9.73/share = $15,364.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: RSUs were originally granted on Sept 3, 2024 (25,924 total grant) with staged vesting through 2026 (F1). Each RSU equals one share (F3). Withholding was used to pay applicable taxes (F2).
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares withheld for tax.

Context

• This was a routine RSU vesting event with shares converted and a portion withheld to satisfy tax obligations (a common, non‑market-sale cashless withholding). Such compensation-related conversions are standard and do not necessarily indicate insider trading intent or a view on the company’s stock.