Darden executive awarded 4,650 performance stock units
Darden Restaurants executive Todd Burrowes received a compensation award tied to performance.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants executive Todd Burrowes received a compensation award tied to performance. On June 23, 2026, he was granted 4,650 performance restricted stock units earned under a plan measured on relative total shareholder return through May 31, 2026. The units convert into common stock on a one-for-one basis and vest in two equal annual installments beginning on July 26, 2026. Following the reported transactions, he holds 44,294.1910 shares of common stock directly, including shares acquired through the employee stock purchase plan and its dividend reinvestment feature.
Insider Trade Summary
Grant/Award: 4,650 shares
Grant/Award
1 txn
Insider
Burrowes Todd
Role
Group Pres, Pres, Chuy's
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units (FY24) | 4,650 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 4,650 contracts (Direct);
Common Stock — 44,294.191 shares (Direct)
Footnotes (5)
- F1. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
- F2. On July 26, 2023, the Reporting Person was awarded 4,514 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 26, 2023 through May 31, 2026.
- F3. Performance restricted stock units convert into common stock on a one-for-one basis.
- F4. On June 23, 2026, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 4,650 PSUs being earned in accordance with the provisions of the applicable award agreement.
- F5. This grant vests in two equal annual installments beginning on July 26, 2026.
Key Figures
PSUs earned: 4,650 units
Target PSUs awarded: 4,514 units
Common shares held: 44,294.1910 shares
+4 more
7 metrics
PSUs earned
4,650 units
Performance restricted stock units earned as of June 23, 2026
Target PSUs awarded
4,514 units
Target performance restricted stock units awarded on July 26, 2023
Common shares held
44,294.1910 shares
Directly held common stock following reported transactions
PSU conversion ratio
1:1 into common stock
Each performance restricted stock unit converts into one common share
Performance period end
May 31, 2026
End of relative total shareholder return performance measurement
Grant vesting start
July 26, 2026
Vesting begins for the earned PSUs in two equal annual installments
PSU expiration date
July 26, 2027
Expiration date shown for performance restricted stock unit grant
Key Terms
Performance restricted stock units, relative total shareholder return, Employee Stock Purchase Plan, dividend reinvestment, +1 more
5 terms
Performance restricted stock units financial
"On July 26, 2023, the Reporting Person was awarded 4,514 target performance restricted stock units (PSUs)..."
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
Employee Stock Purchase Plan financial
"Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan..."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
dividend reinvestment financial
"and dividend reinvestment feature of the Plan."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Compensation Committee financial
"the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria..."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Todd Burrowes report at Darden Restaurants (DRI)?
Todd Burrowes reported an award of 4,650 performance restricted stock units. These units were earned after performance criteria were certified on June 23, 2026 and will convert into common stock on a one-for-one basis, subject to the vesting schedule.
How many performance restricted stock units did Darden Restaurants (DRI) grant to Todd Burrowes?
Darden Restaurants granted Todd Burrowes 4,650 performance restricted stock units. These units were earned from an original 4,514 target award, based on relative total shareholder return performance from July 26, 2023 through May 31, 2026, as determined by the compensation committee.
What are the vesting terms for Todd Burrowes’ 4,650 PSUs at Darden Restaurants (DRI)?
The 4,650 performance restricted stock units vest in two equal annual installments. Vesting begins on July 26, 2026 under the applicable award agreement, meaning half the units vest then and the remainder vest one year later, assuming continued satisfaction of vesting conditions.
How do Todd Burrowes’ performance restricted stock units at Darden Restaurants (DRI) convert into shares?
The performance restricted stock units convert into Darden Restaurants common stock on a one-for-one basis. Once vested, each unit becomes one share of common stock, aligning executive compensation with shareholder returns over the specified performance period.
What performance criteria governed Todd Burrowes’ PSUs at Darden Restaurants (DRI)?
The PSUs were subject to performance criteria based on relative total shareholder return versus a selected comparison group. Performance was measured from July 26, 2023 through May 31, 2026, and on June 23, 2026, 4,650 PSUs were certified as earned under these terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
