Bloomin' Brands SVP Philip Pace Receives RSUs; 790 Shares Withheld

What Happened Philip J. Pace, Senior Vice President and Chief Accounting Officer of Bloomin' Brands (BLMN), had 3,241 restricted stock units (RSUs) convert into common shares on September 3, 2026. The RSUs converted at $0.00 (no exercise price), and the company withheld 790 of those shares to cover applicable withholding taxes at $9.73 per share, equal to $7,687. Net shares received by Pace from this vesting event were 2,451 (3,241 vested − 790 withheld).

Key Details

• Transaction date: September 3, 2026; Form 4 filed September 8, 2026.
• Reported actions: M = conversion/exercise of derivative (3,241 RSUs → 3,241 shares, $0.00); F = shares withheld for tax payment (790 shares @ $9.73 = $7,687).
• Net shares received: 2,451 shares (after 790-share tax withholding).
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnotes of note:
  • F1: These RSUs were part of a 12,962-share grant with staged vesting (50% at 12 months, 25% at 18 months, 25% at 24 months; final vesting in 2026).
  • F2: Shares were withheld by the issuer to satisfy withholding tax on vesting.
  • F3: Each RSU equals the contingent right to one common share upon vesting.
• Timeliness: Form 4 was filed Sep 8 for a Sep 3 transaction. This appears to be within the SEC's 2-business-day reporting window.

Context

• This was a routine compensation/vesting event (RSU conversion) rather than an open-market buy or sell. The withholding of shares to cover taxes is common and does not necessarily indicate a change in insider sentiment.
• RSUs converted at $0.00 reflect no cash exercise; the transaction is simply vesting of previously granted units.