Darden SVP granted 465 performance stock units
Darden Restaurants Inc. reported that SVP and General Counsel Lindsay L. Koren received a grant of 465 performance restricted stock units tied to company performance.
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants Inc. reported that SVP and General Counsel Lindsay L. Koren received a grant of 465 performance restricted stock units tied to company performance. These units were earned after the Compensation Committee measured relative total shareholder return performance through May 31, 2026.
The PSUs convert into common stock on a one-for-one basis and vest in two equal annual installments beginning on July 26, 2026. Following the reported transactions, Koren holds 1,617.828 shares of common stock directly, including shares acquired through the employee stock purchase plan and dividend reinvestment.
Insider Trade Summary
Grant/Award: 465 shares
Grant/Award
1 txn
Insider
Koren Lindsay L.
Role
SVP General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units (FY24) | 465 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 465 contracts (Direct);
Common Stock — 1,617.828 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 451 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 465 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: 1,617.828 shares
PSUs earned: 465 units
Original target PSUs: 451 units
+4 more
7 metrics
Common stock holdings
1,617.828 shares
Directly held after reported transactions
PSUs earned
465 units
Performance restricted stock units earned as of June 23, 2026
Original target PSUs
451 units
Target award granted on July 26, 2023
Performance period end
May 31, 2026
End date for relative total shareholder return measurement
PSU vesting start
July 26, 2026
First of two equal annual vesting dates
PSU expiration date
July 26, 2027
Listed expiration date for the PSU grant
PSU conversion ratio
1:1
Each performance restricted stock unit converts into one common share
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
"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.
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
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Darden Restaurants (DRI) disclose about Lindsay L. Koren in this Form 4?
Darden Restaurants disclosed that SVP and General Counsel Lindsay L. Koren received 465 performance restricted stock units. These were earned based on relative total shareholder return performance and will convert into common shares as they vest over future years.
How many performance restricted stock units did Lindsay L. Koren earn at Darden (DRI)?
Lindsay L. Koren earned 465 performance restricted stock units. The award was originally granted as 451 target units in July 2023 and was adjusted to 465 after the Compensation Committee determined final performance results through May 31, 2026.
When do Lindsay L. Koren’s Darden (DRI) PSUs vest and convert to stock?
The 465 performance restricted stock units vest in two equal annual installments beginning on July 26, 2026. Each vested unit converts into one share of Darden common stock according to the award’s one-for-one conversion feature described in the filing.
What performance metric determined Lindsay L. Koren’s PSUs at Darden (DRI)?
The PSUs were based on relative total shareholder return compared to a selected comparison group. Performance was measured from July 26, 2023 through May 31, 2026, and the Compensation Committee used these results to determine that 465 units were ultimately earned.
What is the relationship between Lindsay L. Koren’s PSUs and Darden (DRI) common stock?
The performance restricted stock units convert into Darden common stock on a one-for-one basis. Once the units vest in their scheduled installments, each unit becomes one share, increasing Koren’s direct equity exposure to the company over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
