Darden SVP earns 1,551 performance stock units
Darden Restaurants executive Susan M. Connelly, SVP and Chief Communications & Public Affairs Officer, reported an equity compensation update.
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 Susan M. Connelly, SVP and Chief Communications & Public Affairs Officer, reported an equity compensation update. She was granted 1,551 performance restricted stock units (FY24), which convert into common stock on a one-for-one basis and vest in two equal annual installments beginning on July 26, 2026. The award was earned after the Compensation Committee confirmed performance results for the period from July 26, 2023 through May 31, 2026. Following these updates, she directly holds 4,135.209 shares of common stock and 1,551 PSUs.
Insider Trade Summary
Grant/Award: 1,551 shares
Grant/Award
1 txn
Insider
Connelly Susan M.
Role
SVP, Chief Comm & PA Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units (FY24) | 1,551 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 1,551 contracts (Direct);
Common Stock — 4,135.209 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 1,505 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 1,551 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
Common stock holdings: 4,135.209 shares
Performance RSUs granted: 1,551 units
PSU conversion ratio: 1:1 into common stock
+4 more
7 metrics
Common stock holdings
4,135.209 shares
Direct holdings following reported transactions
Performance RSUs granted
1,551 units
FY24 performance restricted stock units earned
PSU conversion ratio
1:1 into common stock
Performance restricted stock units convert into common stock
PSU vesting start date
July 26, 2026
Grant vests in two equal annual installments from this date
Performance measurement period start
July 26, 2023
Beginning of PSU performance period
Performance measurement period end
May 31, 2026
End of PSU performance period
Committee determination date
June 23, 2026
Compensation Committee finalized PSU results
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 1,505 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
"On June 23, 2026, the Compensation Committee of the Board of Directors determined the final results…"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
