Bloomin' Brands amends severance plan for VPs; grants retention RSUs to CEO and CLO

Bloomin' Brands, Inc.

Severance plan for VPs and above amended to eliminate pay for unsatisfactory performance and add outplacement services.
CEO Michael Spanos receives $2M restricted stock unit retention grant vesting ratably over 3 years.
EVP/CLO Kelly Lefferts receives $300K RSU retention grant vesting ratably over 3 years.
Both grants provide continued vesting on without-cause termination, subject to one-year noncompete and other covenants.
Changes approved by Compensation Committee effective December 8, 2025.

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