Bloomin' Brands EVP Patrick Hafner Exercises RSUs; Shares Withheld

What Happened
Patrick M. Hafner, EVP and President of Outback Steakhouse at Bloomin' Brands (BLMN), had 8,102 restricted stock units (RSUs convert/vest) on 2026-09-03. The RSUs converted into 8,102 shares at $0 exercise price (typical for RSU vesting). To satisfy withholding tax obligations, 1,973 of those shares were withheld and disposed at an implied value of $9.73 per share, totaling $19,197. Net shares issued to Hafner from this vesting event were approximately 6,129 (8,102 − 1,973). The Form 4 was filed on 2026-09-08.

Key Details

• Transaction date: 2026-09-03; Form 4 filed: 2026-09-08 (filed 5 days after the transaction; appears later than the usual 2-business-day Form 4 deadline).
• Vesting/conversion: 8,102 RSUs → 8,102 common shares @ $0 (derivative conversion).
• Tax withholding: 1,973 shares withheld and disposed @ $9.73/sh = $19,197 (code F).
• Net shares issued to insider: ~6,129 shares retained after withholding.
• Footnotes: RSUs were originally granted 9/3/2024 in a grant of 32,405 with staged vesting through 2026 (F1); shares withheld to cover taxes (F2); each RSU equals one common share upon vesting (F3).
• Filing timeliness: appears late relative to the standard 2-business-day Form 4 requirement.

Context
This was an RSU vesting event (not an open-market buy or sale). The conversion of RSUs to shares and the withholding to cover taxes is a routine compensation-related transaction and does not, by itself, indicate a buy or sell signal about insider sentiment.