Darden Restaurants executive exercises stock units
Darden Restaurants Group President Martin Melvin John reported exercising performance and restricted stock units into 10,582 shares of common stock on July 26–27, 2026.
Rhea-AI Filing Summary
Darden Restaurants Group President Martin Melvin John reported exercising performance and restricted stock units into 10,582 shares of common stock on July 26–27, 2026. The company withheld 4,165 shares at $196.31 per share to cover exercise price or tax obligations. Performance and restricted stock units convert into common stock on a one-for-one basis, with certain FY24 performance awards vesting in two equal annual installments beginning July 26, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,582 shares exercised/converted
Exercise
9 txns
Insider
Martin Melvin John
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (FY23) F1, F5 | 6,000 | $0.00 | $0.00 |
| Exercise | Common Stock F3, 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 — 23,727.758 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
Derivative shares exercised: 10,582 shares
Shares withheld for taxes or exercise: 4,165 shares
Withholding price per share: $196.31 per share
+3 more
6 metrics
Derivative shares exercised
10,582 shares
Total common shares from derivative exercises reported in this Form 4
Shares withheld for taxes or exercise
4,165 shares
Shares delivered or withheld to pay exercise price or tax liability (code F)
Withholding price per share
$196.31 per share
Per-share value used for tax or exercise-price share withholdings
FY23 Performance RSUs converted
6,000 units
Performance restricted stock units (FY23) converting one-for-one into common stock
FY24 Performance RSUs exercised
2,325 units
FY24 performance restricted stock units exercised into common shares
FY24 Annual RSUs exercised
2,257 units
FY24 annual restricted stock units exercised into common shares
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 insider transactions did Darden Restaurants (DRI) report for Martin Melvin John?
Darden Restaurants reported that Group President Martin Melvin John exercised performance and restricted stock units into 10,582 common shares on July 26–27, 2026, with additional common shares withheld to satisfy exercise price or tax obligations at a specified per-share value.
How do Darden Restaurants (DRI) performance and restricted stock units convert into common stock?
The notes state that both performance restricted stock units and restricted stock units convert into Darden common stock on a one-for-one basis. Each vested unit therefore delivers one share of common stock when it is converted or settled, as reflected in the reported exercises.
What are the vesting terms for Darden Restaurants (DRI) FY23 and FY24 equity awards in this report?
For these awards, one grant of FY24 performance restricted stock units vests in two equal annual installments beginning July 26, 2026. A prior FY23 grant vested in two equal annual installments beginning July 27, 2025, according to the attached footnotes describing the vesting schedules.
Were the Darden Restaurants (DRI) insider transactions identified as under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirming that these trades were made under a Rule 10b5-1 trading plan. No footnote in this report describes a pre-arranged trading plan in connection with the reported equity unit exercises and tax withholdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
