Bloomin' Brands Grants CEO $2M Performance-Based Retention PSUs
BLMN is trading near its 52-week low of $5.86 (12% above the low).
Summary
Bloomin' Brands' Compensation Committee approved a $2 million performance stock unit retention grant for CEO Michael Spanos, vesting over three years based on sales and EBITDA targets.
Key Events · Executive and Board Changes · BLMN
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CEO Retention Grant Approved
The Compensation Committee approved a special retention grant for CEO Michael Spanos on February 10, 2026.
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Performance Stock Units Awarded
Mr. Spanos will receive performance stock units with a target grant date fair value of $2,000,000.
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Performance-Based Vesting
The PSUs vest on the three-year anniversary of the February 27, 2026 grant date, contingent on achieving comparable sales and Adjusted EBITDA performance metrics, with payout ranging from 1% to 200% of target.
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Continued Vesting Clause
The grant agreement includes a provision for continued vesting if Mr. Spanos's employment is terminated by the company without cause, subject to a one-year non-competition agreement and other restrictive covenants.
Analysis · BLMN · Trade & Services
Bloomin' Brands has approved a significant retention grant for CEO Michael Spanos, consisting of $2,000,000 in performance stock units. This grant is designed to incentivize long-term leadership and align executive compensation with company performance, as vesting is tied to comparable sales and Adjusted EBITDA metrics over a three-year period. The provision for continued vesting upon termination without cause, subject to restrictive covenants, further emphasizes the company's commitment to retaining Mr. Spanos. This move signals a focus on leadership stability and strategic performance.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BLMN was trading at $6.55 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $551.4M. The 52-week trading range was $5.86 to $12.47. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.