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Darden (NYSE: DRI) SVP Lindsay Koren details stock, RSU and option holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Darden Restaurants’ SVP and General Counsel Lindsay L. Koren reported her initial beneficial ownership of company equity as of 02/02/2026. She directly holds 1,912.795 shares of common stock.

She also holds derivative awards, including 644 performance restricted stock units (FY23), which reflect 1,286 PSUs earned under performance criteria running from July 27, 2022 through May 25, 2025. Additional time-based restricted stock units total 226 (FY24 annual grant), 261 (FY25), and 173 (FY26), each converting to common stock on a one-for-one basis and vesting in two equal annual installments beginning on their respective July vesting start dates.

Koren also holds several stock options to buy Darden common stock: 1,086 shares at $121.47 expiring July 27, 2032; 795 shares at $139.43 expiring July 24, 2034; 455 shares at $148.2 expiring July 28, 2031; 680 shares at $169.02 expiring July 26, 2033; and 508 shares at $208.51 expiring July 23, 2035. Each option vests in two equal annual installments beginning on the specific July dates disclosed.

Positive

  • None.

Negative

  • None.
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Koren Lindsay L.

(Last) (First) (Middle)
1000 DARDEN CENTER DRIVE

(Street)
ORLANDO FL 32837

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/02/2026
3. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC [ DRI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP General Counsel
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 1,912.795 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Restricted Stock Units (FY23)(1) (2) 07/27/2026 Common Stock 644(3) $0.0000 D
Restricted Stock Units (FY24 Annual Grant) 07/26/2026 07/26/2026 Common Stock 226 $0.0000(4) D
Restricted Stock Units (FY25 Annual Grant) 07/24/2027 07/24/2027 Common Stock 261 $0.0000(4) D
Restricted Stock Units (FY26 Annual Grant) 07/23/2028 07/23/2028 Common Stock 173 $0.0000(4) D
Stock Option (Right to Buy) (5) 07/27/2032 Common Stock 1,086 $121.47 D
Stock Option (Right to Buy) (6) 07/24/2034 Common Stock 795 $139.43 D
Stock Option (Right to Buy) (7) 07/28/2031 Common Stock 455 $148.2 D
Stock Option (Right to Buy) (8) 07/26/2033 Common Stock 680 $169.02 D
Stock Option (Right to Buy) (9) 07/23/2035 Common Stock 508 $208.51 D
Explanation of Responses:
1. On July 27, 2022, the Reporting Person was awarded 643 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (relative total shareholder return as compared to a selected comparison group) from July 27, 2022 through May 25, 2025.
2. This grant vests in two equal annual installments beginning on July 27, 2025.
3. On June 17, 2025, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 1,286 PSUs being earned in accordance with the provisions of the applicable award agreement.
4. Restricted stock units convert into common stock on a one-for-one basis.
5. This option vests in two equal annual installments beginning on July 27, 2025.
6. This option vests in two equal annual installments beginning on July 24, 2027.
7. This option vests in two equal annual installments beginning on July 28, 2024.
8. This option vests in two equal annual installments beginning on July 26, 2026.
9. This option vests in two equal annual installments beginning on July 23, 2028.
Remarks:
koren2026poa.txt
A. Noni Holmes-Kidd, Attorney-in-fact for Koren, Lindsay L. 02/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider holdings did Lindsay L. Koren report at Darden (DRI)?

Lindsay L. Koren reported direct ownership of 1,912.795 Darden common shares. She also holds multiple equity awards, including performance restricted stock units, time-based restricted stock units, and stock options with various exercise prices and future vesting schedules, all tied to Darden Restaurants stock.

What performance stock units did Darden SVP Lindsay Koren disclose?

Koren disclosed 644 FY23 performance restricted stock units. The award was based on relative total shareholder return from July 27, 2022 through May 25, 2025, with the compensation committee determining that 1,286 PSUs were earned under the applicable performance criteria and award agreement.

What restricted stock units does Lindsay Koren hold in Darden (DRI)?

She holds 226 FY24, 261 FY25, and 173 FY26 restricted stock units. These RSUs convert into Darden common stock on a one-for-one basis and each grant vests in two equal annual installments beginning on its specified July vesting start date.

What stock options were reported by Darden executive Lindsay Koren?

Koren reported options for 1,086 shares at $121.47, 795 at $139.43, 455 at $148.2, 680 at $169.02, and 508 at $208.51. Each option vests in two equal annual installments starting on designated July dates and expires between 2031 and 2035.

When do Lindsay Koren’s Darden performance and option awards vest?

The FY23 performance stock units relate to performance measured through May 25, 2025, with 1,286 PSUs earned. Each option grant and time-based restricted stock unit award vests in two equal annual installments beginning on their respective July vesting start dates disclosed in the filing.
Darden Restaurants Inc

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United States
ORLANDO