Bloomin' Brands Awards CEO Michael Spanos $2 Million Performance Stock Grant

Reuters02-13

<a href="https://laohu8.com/S/BLMN">Bloomin' Brands</a> Awards CEO Michael Spanos $2 Million Performance Stock Grant

Bloomin' Brands Inc. has approved a special retention grant for CEO Michael Spanos. The grant consists of performance stock units with a target grant date fair value of $2 million, set to vest three years from the grant date of February 27, 2026. Vesting is contingent on achieving certain comparable sales and Adjusted EBITDA performance metrics, with payout opportunities ranging from 1% to 200% of the target. If Mr. Spanos is terminated without cause, the units will continue to vest according to the original schedule, provided he complies with a one-year noncompetition agreement and other restrictive covenants.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bloomin' Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001546417-26-000004), on February 13, 2026, and is solely responsible for the information contained therein.

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