Darden Restaurants (NYSE: DRI) SVP converts 1,102 RSUs, withholds shares

Rhea-AI Filing Summary

Darden Restaurants reported insider equity activity by SVP General Counsel Lindsay L. Koren. She converted restricted and performance restricted stock units into common stock, acquiring 1,102 shares through 1-for-1 RSU conversions. To satisfy tax or related obligations, 270 shares were withheld at $196.31 per share. After these transactions, 233 FY24 performance restricted stock units remain outstanding, while FY23 and FY24 annual RSU grants were fully converted.

Insider Trade Summary

Net Buyer: 832 shares

Net Buy 9 txns

Insider Koren Lindsay L.

Role SVP General Counsel

Type	Security	Shares	Price	Value
Exercise	Performance Restricted Stock Units (FY23) F1, F5	644	$0.00	$0.00
Exercise	Common Stock F1, F2	644	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock F2	157	$196.31	$31K
Exercise	Performance Restricted Stock Units (FY24) F1, F4	232	$0.00	$0.00
Exercise	Restricted Stock Units (FY24 Annual Grant) F3	226	$0.00	$0.00
Exercise	Common Stock F1, F2	232	$0.00	$0.00
Exercise	Common Stock F3, F2	226	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock F2	56	$196.31	$11K
Exercise Price or Tax Liability	Common Stock F2	57	$196.31	$11K

Holdings After Transaction: Performance Restricted Stock Units (FY24) — 233 shares (Direct); Restricted Stock Units (FY24 Annual Grant) — 0 shares (Direct); Performance Restricted Stock Units (FY23) — 0 shares (Direct); Common Stock — 2,453.746 shares (Direct)

Footnotes (5)

1. F1. Performance restricted stock units convert into common stock on a one-for-one basis.
2. F2. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
3. F3. Restricted stock units convert into common stock on a one-for-one basis.
4. F4. This grant vests in two equal annual installments beginning on July 26, 2026.
5. F5. This grant vested in two equal annual installments beginning on July 27, 2025.

Key Figures

RSUs converted to common stock: 1,102 shares Shares withheld for obligations: 270 shares Withholding valuation price: $196.31 per share +3 more

6 metrics

RSUs converted to common stock 1,102 shares Total shares from derivative exercises reported for Lindsay L. Koren

Shares withheld for obligations 270 shares Code F transactions to cover exercise price or tax liability

Withholding valuation price $196.31 per share Per-share value used for F-code share withholdings

FY24 performance RSUs remaining 233 units Performance restricted stock units (FY24) outstanding after conversions

FY23 performance RSUs converted 644 units Performance Restricted Stock Units (FY23) converted 1-for-1 into common stock

FY24 annual RSUs converted 226 units Restricted Stock Units (FY24 Annual Grant) converted 1-for-1 into common stock

Key Terms

Performance restricted stock units, Restricted stock units, 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.

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 and dividend reinvestment feature."

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

"Includes shares acquired pursuant to the ... Employee Stock Purchase Plan and dividend reinvestment feature of the Plan."

tax liability by delivering or withholding securities financial

"Payment of exercise price or tax liability by delivering or withholding securities."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/29/2026 - 04:22 PM Accepted by SEC EDGAR 07/29/2026 - 04:22 PM Learn about SEC filing dates

FAQ

What insider stock activity did Darden Restaurants (DRI) report for Lindsay L. Koren?

Darden Restaurants reported that SVP General Counsel Lindsay L. Koren converted restricted and performance restricted stock units into common stock. She acquired 1,102 shares through RSU conversions, with additional shares withheld to satisfy tax or related obligations at a specified per-share value.

How many DRI shares did Lindsay L. Koren acquire through RSU conversions?

Lindsay L. Koren acquired 1,102 shares of Darden Restaurants common stock through the conversion of restricted and performance restricted stock units. These units convert into common stock on a one-for-one basis, as described in the footnotes to the transactions.

How many DRI shares were withheld for tax or related obligations, and at what price?

A total of 270 shares of Darden Restaurants common stock were withheld to pay tax or related obligations, at a per-share value of $196.31. These dispositions are coded as transactions to satisfy exercise price or tax liability by delivering or withholding securities.

How many performance restricted stock units remain for Lindsay L. Koren at DRI?

After the reported transactions, 233 FY24 performance restricted stock units remain outstanding for Lindsay L. Koren. Earlier FY23 performance units and FY24 annual restricted stock units were fully converted into Darden Restaurants common stock on a one-for-one basis.

Does this Darden Restaurants (DRI) Form 4 show any open-market stock sales?

The Form 4 does not report any transactions coded as open-market sales (code "S"). Dispositions are coded as F transactions, meaning shares were delivered or withheld to satisfy exercise price or tax liabilities rather than reported as ordinary market sales.

Were these DRI insider transactions reported as under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, so these transactions are not reported as made pursuant to a Rule 10b5-1 plan. No footnote indicates a pre-arranged trading arrangement for the reported equity activity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Koren Lindsay L.

(Last) (First) (Middle)

1000 DARDEN CENTER DRIVE

(Street)

ORLANDO FLORIDA 32837

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC [ DRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/26/2026		M		232	A	$0(1)	1,853.746(2)	D
Common Stock	07/26/2026		M		226	A	$0.0000(3)	2,079.746(2)	D
Common Stock	07/26/2026		F		56	D	$196.31	2,023.746(2)	D
Common Stock	07/26/2026		F		57	D	$196.31	1,966.746(2)	D
Common Stock	07/27/2026		M		644	A	$0.0000(1)	2,610.746(2)	D
Common Stock	07/27/2026		F		157	D	$196.31	2,453.746(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Restricted Stock Units (FY24)	(1)	07/26/2026		M			232	(4)	07/26/2027	Common Stock	232	$0.0000	233	D
Restricted Stock Units (FY24 Annual Grant)	$0.0000(3)	07/26/2026		M			226	07/26/2026	07/26/2026	Common Stock	226	$0.0000	0.0000	D
Performance Restricted Stock Units (FY23)	$0.0000(1)	07/27/2026		M			644	(5)	07/27/2026	Common Stock	644	$0.0000	0.0000	D

Explanation of Responses:

1. Performance restricted stock units convert into common stock on a one-for-one basis.

2. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.

3. Restricted stock units convert into common stock on a one-for-one basis.

4. This grant vests in two equal annual installments beginning on July 26, 2026.

5. This grant vested in two equal annual installments beginning on July 27, 2025.

	A. Noni Holmes-Kidd, Attorney-in-fact for Koren, Lindsay L.	07/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)