Darden (NYSE: DRI) Olive Garden president awarded 2,325 performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Darden Restaurants executive John W. Wilkerson, President of Olive Garden, reported a compensation-related equity award and updated share holdings. He was granted 2,325 Performance Restricted Stock Units (FY24), which convert into common stock on a one-for-one basis and were earned based on relative total shareholder return performance from July 26, 2023 through May 31, 2026.
The award vests in two equal installments beginning on July 26, 2026, and represents 2,325 underlying shares of common stock following the grant. The filing also shows 17,791.595 common shares held directly and 614.7695 shares held indirectly through a 401(k) plan, including shares acquired via the employee stock purchase plan and dividend reinvestment. These are routine compensation and retirement-plan holdings, not open-market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Wilkerson John W.
Role
President, Olive Garden
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units (FY24) | 2,325 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 2,325 shares (Direct, null);
Common Stock — 17,791.595 shares (Direct, null);
Common Stock — 614.77 shares (Indirect, By 401k)
Footnotes (1)
- Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. On July 26, 2023, the Reporting Person was awarded 2,257 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. Performance restricted stock units convert into common stock on a one-for-one basis. On June 23, 2026, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 2,325 PSUs being earned in accordance with the provisions of the applicable award agreement. This grant vests in two equal annual installments beginning on July 26, 2026.
Key Figures
Performance RSUs granted: 2,325 units
Underlying common shares: 2,325 shares
Direct common stock holdings: 17,791.595 shares
+5 more
8 metrics
Performance RSUs granted
2,325 units
FY24 performance restricted stock units earned as of June 23, 2026
Underlying common shares
2,325 shares
One-for-one conversion of performance RSUs into common stock
Direct common stock holdings
17,791.595 shares
Common stock held directly following the reported transactions
401(k) common stock holdings
614.7695 shares
Indirect holdings via 401(k), including ESPP and dividend reinvestment
PSU performance period start
July 26, 2023
Beginning of relative total shareholder return measurement period
PSU performance period end
May 31, 2026
End of performance criteria period for FY24 PSUs
RSU vesting start date
July 26, 2026
First of two equal annual vesting installments
RSU expiration date
July 26, 2027
Expiration date for the performance restricted stock units
Key Terms
Performance restricted stock units, relative total shareholder return, Employee Stock Purchase Plan, dividend reinvestment feature, +1 more
5 terms
Performance restricted stock units financial
"On July 26, 2023, the Reporting Person was awarded 2,257 target performance restricted stock units"
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 feature financial
"and dividend reinvestment feature of the Plan."
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.
FAQ
What insider transaction did Darden Restaurants (DRI) report for John W. Wilkerson?
Darden reported that John W. Wilkerson received a grant of 2,325 Performance Restricted Stock Units (FY24). These units were earned based on performance criteria and convert into common stock on a one-for-one basis, reflecting a compensation-related equity award rather than an open-market trade.
How many performance stock units did the DRI executive earn and when do they vest?
John W. Wilkerson earned 2,325 performance restricted stock units. The grant vests in two equal annual installments beginning on July 26, 2026, providing staged delivery of common stock tied to his continued service after the performance period.
What performance period was used for John W. Wilkerson’s FY24 PSUs at Darden (DRI)?
The FY24 performance restricted stock units were based on performance from July 26, 2023 through May 31, 2026. Payout depended on Darden’s relative total shareholder return compared to a selected comparison group over this multi-year timeframe.
Are the reported DRI equity changes open-market buys or sells?
No, the filing reflects a grant of performance restricted stock units and updated holdings, not open-market purchases or sales. The RSUs are a compensation award, and the 401(k) position includes shares from the employee stock purchase plan and dividend reinvestment.
What is the conversion ratio for Darden (DRI) performance restricted stock units?
The performance restricted stock units convert into common stock on a one-for-one basis. This means each earned PSU delivers one share of Darden common stock upon vesting, directly linking the award size to the number of shares ultimately received.