Lal Rohit 4
Research Summary
AI-generated summary
Bloomin' Brands (BLMN) Director Lal Rohit Receives RSUs, Converts 19,746
What Happened
Lal Rohit, a director of Bloomin' Brands, recorded three derivative-related transactions on 2026-04-22. He was granted 23,485 restricted stock units (RSUs) (award, reported as acquired at $0.00). He also had 19,746 RSUs that fully vested and were converted/exercised into common shares on the same date, and those 19,746 shares were subsequently disposed the same day. All derivative transactions were reported at $0.00 per share.
Key Details
- Filing date: 2026-04-24; report period: 2026-04-22.
- Transactions:
- Grant/Award (A): 23,485 RSUs @ $0.00 (acquired; derivative).
- Exercise/Conversion (M): 19,746 shares @ $0.00 (acquired; derivative).
- Exercise/Conversion (M): 19,746 shares @ $0.00 (disposed; derivative).
- Shares owned after the transactions: not specified in the filing.
- Footnotes of note:
- RSUs represent the right to receive one share on vesting (F1).
- The 23,485 RSUs were granted in original amount and will fully vest immediately prior to the issuer's 2027 annual meeting (F2).
- The 19,746 RSUs were an original grant that fully vested immediately prior to the issuer's 2026 annual meeting (F4).
- No late filing indicator was provided in the submitted information.
Context
Restricted stock units (RSUs) are contingent rights to receive shares upon vesting. Here, a prior RSU grant (19,746) vested and was converted to shares and those same shares were disposed the same day; the filing does not specify the reason for the disposal (e.g., sale, tax withholding, or other settlement). Separately, Rohit received a new RSU award of 23,485 units that will vest ahead of the 2027 annual meeting, representing potential future ownership.