BLMN · Bloomin' Brands, Inc.

Summary

Bloomin' Brands, Inc. approved a special retention grant of performance stock units with a target grant date fair value of $2,000,000 to CEO Michael Spanos on February 10, 2026. The units vest on the three-year anniversary of the February 27, 2026 grant date based on comparable sales and Adjusted EBITDA metrics, with continued vesting protections upon termination without cause subject to noncompetition covenants.

Key takeaways

• Compensation Committee approved retention grant for CEO Michael Spanos on February 10, 2026
• Performance stock units with target fair value of $2,000,000
• Grant date February 27, 2026; vests on three-year anniversary
• Vesting based on comparable sales and Adjusted EBITDA metrics
• Payout ranges from 1% to 200% of target
• Continued vesting on termination without cause if noncompetition covenants met