Bloomin' Brands Updates Severance Plan and Awards CEO $2 Million in Restricted Stock Units
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Bloomin' Brands Inc. has updated its Severance Pay Plan for senior employees, effective December 8, 2025, removing severance for poor performance terminations and adding outplacement services. CEO Michael Spanos and EVP Kelly Lefferts received special retention grants of restricted stock units worth $2 million and $300,000, respectively, vesting over three years with conditions. This information was published by Bloomin’ Brands via the SEC's EDGAR system.
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