Hafner Patrick M 4

What Happened

• Patrick M. Hafner, EVP and President of Outback Steakhouse at Bloomin' Brands (BLMN), had 8,325 restricted stock units (RSUs) convert into common shares on 2026-02-03. The company withheld 2,469 of those shares to cover withholding taxes (reported value $6.19/share, $15,283 withheld). Net shares received: 5,856.
• The filing shows the conversion reported as a derivative exercise (code M) and the withholding as a tax payment (code F).

Key Details

• Transaction date: 2026-02-03; Form 4 filed: 2026-02-05 (appears timely).
• Converted shares: 8,325 RSUs → 8,325 common shares (acquired).
• Shares withheld for taxes: 2,469 shares at $6.19/share = $15,283 (disposed to issuer to cover tax withholding).
• Net shares retained by insider: 5,856 (8,325 − 2,469).
• Footnotes: F1–F3 indicate these were RSUs (each RSU = 1 share), originally granted in the amount of 24,976 and scheduled to vest over future installments; F2 confirms shares were withheld to pay applicable taxes.
• Shares owned after the transaction: not disclosed in the provided filing.

Context

• This was an RSU vesting/conversion (derivative conversion), not an open-market buy or sale. Withholding shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment.
• Transaction codes: M = exercise/conversion of a derivative security (here, RSUs converting to stock); F = shares withheld to satisfy tax withholding.