Darden Restaurants insider settles 10,582 stock units
Darden Restaurants executive Todd Burrowes reported equity award settlements rather than open-market trades.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Darden Restaurants executive Todd Burrowes reported equity award settlements rather than open-market trades. On July 26–27, 2026 he converted 10,582 performance and restricted stock units into an equal number of common shares. To satisfy tax or exercise obligations, the issuer withheld 4,165 shares at $196.31 per share. Footnotes note the units convert one-for-one into common stock and that certain FY23 and FY24 grants vest in two equal annual installments beginning in 2025 and 2026, respectively.
Insider Trade Summary
10,582 shares exercised/converted
Exercise
9 txns
Insider
Burrowes Todd
Role
Group Pres, Pres, Chuy's
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (FY23) F1, F5 | 6,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 6,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 2,361 | $196.31 | $463K |
| Exercise | Performance Restricted Stock Units (FY24) F1, F4 | 2,325 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (FY24 Annual Grant) F3 | 2,257 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 2,325 | $0.00 | $0.00 |
| Exercise | Common Stock F3, F2 | 2,257 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 889 | $196.31 | $175K |
| Exercise Price or Tax Liability | Common Stock F2 | 915 | $196.31 | $180K |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 2,325 contracts (Direct);
Restricted Stock Units (FY24 Annual Grant) — 0 contracts (Direct);
Performance Restricted Stock Units (FY23) — 0 contracts (Direct);
Common Stock — 50,741.283 shares (Direct)
Footnotes (5)
- F1. Performance restricted stock units convert into common stock on a one-for-one basis.
- F2. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
- F3. Restricted stock units convert into common stock on a one-for-one basis.
- F4. This grant vests in two equal annual installments beginning on July 26, 2026.
- F5. This grant vested in two equal annual installments beginning on July 27, 2025.
Key Figures
Units converted to common stock: 10,582 shares
Shares withheld for taxes/exercise: 4,165 shares
Withholding price: $196.31 per share
+3 more
6 metrics
Units converted to common stock
10,582 shares
Total performance and restricted stock units converted on July 26–27, 2026
Shares withheld for taxes/exercise
4,165 shares
Shares withheld to cover tax or exercise obligations associated with award settlements
Withholding price
$196.31 per share
Price used for share-withholding (code F) transactions on July 26–27, 2026
FY23 performance RSUs converted
6,000 units
Performance Restricted Stock Units (FY23) converting one-for-one into common stock on July 27, 2026
FY24 performance RSUs exercised
2,325 units
Performance Restricted Stock Units (FY24) exercised into common stock on July 26, 2026
FY24 RSUs converted
2,257 units
Restricted Stock Units (FY24 Annual Grant) converted into common stock on July 26, 2026
Key Terms
Performance restricted stock units, Restricted stock units, Employee Stock Purchase Plan, dividend reinvestment feature
4 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.
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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 feature financial
"and dividend reinvestment feature of the Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Darden Restaurants (DRI) insider Todd Burrowes report in this Form 4?
Todd Burrowes reported settlement of equity awards, not open-market trades. He converted 10,582 performance and restricted stock units into common stock, while 4,165 shares were withheld at $196.31 per share to cover tax or exercise-related obligations.
How many Darden Restaurants (DRI) stock units did Todd Burrowes convert?
He converted a total of 10,582 stock units into common shares. This includes 6,000 FY23 performance restricted stock units, 2,325 FY24 performance restricted stock units, and 2,257 FY24 restricted stock units, each converting on a one-for-one basis into common stock.
Were Todd Burrowes’s Darden Restaurants (DRI) transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1.checkbox is not checked, so these transactions are not affirmed as being executed under a Rule 10b5-1 trading plan. No footnote describes a pre-arranged trading arrangement for the reported equity award conversions and withholdings.
How do Darden Restaurants (DRI) performance and restricted stock units convert in this filing?
Footnotes state that both performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis. Each unit reported in the FY23 and FY24 grants therefore results in the issuance of one share of Darden Restaurants common stock upon conversion.
When do Todd Burrowes’s FY23 and FY24 Darden Restaurants (DRI) grants vest?
The FY23 performance restricted stock unit grant vested in two equal annual installments beginning on July 27, 2025. The FY24 performance restricted stock unit grant will vest in two equal annual installments beginning on July 26, 2026, according to the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
