Darden Restaurants grants director 936 stock units
The units vest after one year from the grant date or at the next annual meeting, and settlement may be deferred until board termination.
Rhea-AI Filing Summary
Darden Restaurants Inc. director Timothy J. Wilmott received an award of 936 restricted stock units on September 23, 2026. The units convert into common stock one-for-one and vest on the first to occur of one year from the grant date or the next annual meeting of shareholders. He has a one-time option to defer settlement until termination from the board. A separate holding entry reports 27,094 common shares held indirectly by trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 936 shares
Grant/Award
2 txns
Insider
WILMOTT TIMOTHY J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY27 Director Annual Grants) F1, F2 | 936 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (FY27 Director Annual Grants) — 936 contracts (Direct);
Common Stock — 27,094 shares (Indirect, By Trust)
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. The director has a one time option to defer settlement until their termination from the board.
Key Figures
Restricted stock units granted: 936 RSUs
Underlying common stock: 936 shares
Common stock held by trust: 27,094 shares
3 metrics
Restricted stock units granted
936 RSUs
FY27 Director Annual Grants; September 23, 2026
Underlying common stock
936 shares
The RSUs convert into common stock on a one-for-one basis.
Common stock held by trust
27,094 shares
Reported as an indirect holding on September 23, 2026.
Key Terms
Restricted stock units, vest, defer settlement
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.
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.
defer settlement financial
"option to defer settlement until their termination from the board"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many RSUs did DRI director Timothy J. Wilmott receive?
Timothy J. Wilmott received 936 restricted stock units on September 23, 2026; they convert into common stock one-for-one.
When do DRI director Timothy J. Wilmott's RSUs vest?
The RSUs vest on the first to occur of one year from the grant date and the date of the next annual meeting of shareholders. He has a one-time option to defer settlement until termination from the board.
Were DRI director Timothy J. Wilmott's transactions reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.