Darden Group President granted 4,650 performance RSUs
Darden Restaurants Group President Melvin John Martin received 4,650 performance restricted stock units (FY24) that convert into common stock on a one-for-one basis.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants Group President Melvin John Martin received 4,650 performance restricted stock units (FY24) that convert into common stock on a one-for-one basis. These PSUs were earned based on relative total shareholder return performance from July 26, 2023 through May 31, 2026 and will vest in two equal annual installments beginning on July 26, 2026. Following the reported transactions, Martin holds 17,280.666 shares of common stock directly.
Insider Trade Summary
Grant/Award: 4,650 shares
Grant/Award
1 txn
Insider
Martin Melvin John
Role
Group President
| 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 — 17,280.666 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
Performance RSUs granted: 4,650 units
Common shares held: 17,280.666 shares
PSU conversion ratio: 1 PSU : 1 share
+4 more
7 metrics
Performance RSUs granted
4,650 units
FY24 performance restricted stock units earned and awarded
Common shares held
17,280.666 shares
Direct common stock holdings after reported transactions
PSU conversion ratio
1 PSU : 1 share
Performance restricted stock units convert into common stock one-for-one
PSU vesting start date
July 26, 2026
Grant vests in two equal annual installments beginning on this date
PSU performance period end
May 31, 2026
End of performance measurement window for earning the PSUs
PSU award date
July 26, 2023
Initial target PSU award date tied to FY24 performance
PSU expiration date
July 26, 2027
Expiration date listed for the performance restricted stock units
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
"Performance restricted stock units convert into common stock on a one-for-one basis."
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 did Darden Restaurants (DRI) disclose in this Form 4 for Martin Melvin John?
Darden Restaurants reported that Group President Martin Melvin John received 4,650 performance restricted stock units (PSUs) tied to FY24. These awards were earned based on relative total shareholder return performance and will convert into common stock, adding to his existing direct equity exposure in the company.
How many performance stock units did Darden’s Group President receive in this filing?
The filing shows a grant of 4,650 performance restricted stock units to Darden’s Group President. These PSUs convert into common stock on a one-for-one basis and vest in two equal annual installments starting July 26, 2026, subject to the award’s terms and conditions.
What performance period determined the 4,650 PSUs in Darden Restaurants’ Form 4?
The 4,650 PSUs were earned based on performance criteria measured from July 26, 2023 through May 31, 2026. The key metric was relative total shareholder return compared with a selected comparison group, as determined by Darden’s Compensation Committee under the applicable award agreement provisions.
When do the newly earned PSUs for Darden (DRI) Group President vest?
The grant of 4,650 performance restricted stock units vests in two equal annual installments beginning on July 26, 2026. This creates a multi-year vesting schedule, aligning the executive’s compensation with longer-term shareholder outcomes and ongoing service to Darden Restaurants during the vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
