Darden director Fogarty exercises 886 RSUs
Director James P. Fogarty converted 886 RSUs into common stock and now directly holds 27,434 Darden shares.
Rhea-AI Filing Summary
DARDEN RESTAURANTS INC (DRI) director James P. Fogarty exercised 886 restricted stock units from his FY26 director annual grant on September 17, 2026, converting them into 886 shares of common stock on a one-for-one basis. Following the conversion, he holds 27,434 shares of Darden common stock directly, and the RSU balance from this grant is zero. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
886 shares exercised/converted
Exercise
2 txns
Insider
FOGARTY JAMES P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (FY26 Director Annual Grant) F1, F2 | 886 | -- | -- |
| Exercise | Common Stock F1 | 886 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (FY26 Director Annual Grant) — 0 contracts (Direct);
Common Stock — 27,434 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders.
Key Figures
RSUs exercised: 886 units
Common shares acquired via conversion: 886 shares
Holdings after transaction: 27,434 shares
+1 more
4 metrics
RSUs exercised
886 units
Restricted Stock Units (FY26 Director Annual Grant) converted on September 17, 2026
Common shares acquired via conversion
886 shares
Shares of Darden common stock received from RSU conversion on September 17, 2026
Holdings after transaction
27,434 shares
Direct ownership of Darden common stock by James P. Fogarty after RSU conversion
Exercise transactions
1 exercise, 886 shares
Derivative exercise/conversion reported in transaction summary
Key Terms
Restricted Stock Units, Common Stock, vest
3 terms
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.
Common Stock financial
"Restricted stock units convert into common stock on a one-for-one basis"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest financial
"The RSUs vest on the first to occur of one year from date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DRI director James P. Fogarty report on this Form 4?
He reported exercising 886 restricted stock units from his FY26 director annual grant on September 17, 2026, converting them into 886 shares of Darden common stock on a one-for-one basis.
Were the reported DRI transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, so no Rule 10b5-1 trading plan is reported for these transactions.
What happened to the 886 RSUs held by James P. Fogarty at DRI?
The 886 restricted stock units were converted into 886 shares of common stock on September 17, 2026. The RSUs convert into common stock on a one-for-one basis according to the footnote.
What type of security did James P. Fogarty acquire in the DRI Form 4 filing?
He acquired 886 shares of Darden common stock through the exercise and conversion of an equal number of restricted stock units from his FY26 director annual grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
