David J. Deno has been the CEO of Bloomin' Brands, Inc. since April 2019. With a solid background in finance, he holds a Bachelor's degree from the University of Florida. Before stepping into his current role, he served as the Chief Financial Officer for both Quiznos and YUM! Brands. Deno is known for his emphasis on performance-based incentives in executive compensation, which aligns closely with the company's financial goals. He announced his retirement plans from Bloomin' Brands in May 2024, stating that he intended to assist in the transition to a new CEO. This decision wasn't due to any disagreements within the company, but rather a personal choice for a new chapter. In 2022, Deno's total compensation was approximately $1.09 million, which included a significant cash bonus of nearly $900,000 based on company performance. Notably, during the COVID-19 pandemic, he took steps to reduce his salary to help the company navigate tough times. Deno's leadership has steered Bloomin' Brands through various challenges, including improving restaurant efficiency and enhancing brand appeal, making him a key figure in the culinary landscape.

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David J. Deno

CEO of Bloomin' Brands, Inc.

Education

MBA from the University of Michigan

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

March 15, 1961 - 64 years ago

CEO of Bloomin' Brands, Inc. for

6 years 0 months (Apr 2019 - Present)

Previous Experience

Chief Financial Officer at Best Buy Co., Inc.

Rivals

Competitors/colleagues of David J. Deno

Kevin Sheehan

CEO of Dave & Buster's Entertainment

2022 Compensation

Stock

$1.88M

Salary

$342.12K

Bonus

$794.75K

Other

$350.00

Total Holdings

$15.80M

Jerry Morgan

CEO of Texas Roadhouse

2022 Compensation

Stock

$1.10M

Salary

$972.50K

Bonus

$0.00

Other

$2.98K

Total Holdings

$15.28M

Wyman Roberts

CEO of Brinker International

2022 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$37.29M

Kelli Valade

CEO of Denny's Inc.

2023 Compensation

Stock

$1.21M

Salary

$905.96K

Bonus

$615.15K

Other

$72.91K

Total Holdings

$10.78M

Ricardo Cardenas

CEO of Darden Restaurants

2023 Compensation

Stock

$3.80M

Salary

$1.10M

Bonus

$1.75M

Other

$471.17K

Total Holdings

$13.26M

David Overton

Founder and CEO of Cheesecake Factory

2023 Compensation

Stock

$200.00K

Salary

$900.00K

Bonus

$250.00K

Other

$100.00K

Total Holdings

$17.10M

Holdings

See how much did David J. Deno make over time.

As the CEO of Bloomin' Brands, David J. Deno has some significant stock holdings in the company, specifically in the company's common stock under the ticker symbol BLMN. Over the years, the fluctuations in his holdings have been noteworthy. For example, in 2020, his total compensation was steep, amounting to around $7.5 million, majorly boosted by performance-based stock units worth over $2.4 million and various stock grants, which reflect a time when the company's stock was on a notable rise. This period was pivotal for him, showing his strong faith in Bloomin' Brands' future. By 2022, however, his situation changed, with no stock vested, reflecting a shift toward more immediate performance metrics. His current holdings now illustrate a significant transition, as he has navigated through the pandemic and the changing business landscape, maintaining a focus on performance rather than stock wealth as he prepares for his upcoming retirement.

Total Stock Sold

$9.34M

BLMN

$9.34M

386,604 BLMN shares

What if they kept their stock?

If David J. Deno didn't sell their stock, today they would have:
Extra BLMN386,604 shares worth $2.97M.
This is -68.22% and $6.37M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David J. Deno.

BLMN

$1.47M

BLMN at $24.40/share

Nov 14, 2022

Sale

BLMN

$120.00K

BLMN at $10.00/share

Jul 1, 2020

Purchase

BLMN

$1.23M

BLMN at $24.50/share

May 4, 2018

Sale

BLMN

$2.87M

BLMN at $24.52/share

May 1, 2018

Sale

BLMN

$841.75K

BLMN at $24.50/share

Apr 26, 2018

Sale

BLMN

$1.64M

BLMN at $24.65/share

Apr 6, 2018

Sale

BLMN

$398.69K

BLMN at $23.13/share

Mar 2, 2018

Sale

BLMN

$904.26K

BLMN at $22.00/share

Dec 4, 2017

Sale

BLMN

$127.46K

BLMN at $17.18/share

Feb 24, 2017

Received

BLMN

$336.96K

BLMN at $16.11/share

Feb 11, 2016

Received

Compensation History

See how much did David J. Deno make over time.

In 2022, David J. Deno earned a total compensation package of about $1.09 million as CEO of Bloomin' Brands. His salary stood at $1 million, complemented by a substantial annual performance-based bonus of approximately $898,000. This bonus was tied to the company’s financial achievements, reflecting Deno's commitment to aligning executive pay with the company's performance metrics. Despite in-depth stock grants or options, none were included for 2022, showcasing a deliberate strategy to focus on cash incentives tied to the firm's earning capabilities. His compensation philosophy bars stock options from calculations, aiming to create incentives that link closely to revenue growth and operational profitability, ensuring top management's interests are in sync with shareholders. Notably, during the COVID-19 pandemic, he opted to forgo salary increases beyond what was necessary for benefits, showcasing financial prudence during uncertain times. Over his tenure, Deno has emphasized transparent and performance-based compensation that is intended to attract and retain leadership talent while also aligning with company goals.

Year

2022

Total Compensation

$1.92M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes performance-based incentives to align executive compensation with company performance and shareholder interests.

Bonus

$897.97K

Board Justification

Annual performance-based cash incentive based on the achievement of the Company’s financial and individual performance goals for 2022.

Other

$19.02K

Board Justification

Includes life insurance, medical insurance, and annual physical examinations.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2022 as the focus is on performance-based compensation and stock grants are not included in total compensation calculations.

Performance Metrics

Performance metrics include revenue growth and adjusted operating income margin percentage.