Darden Restaurants counsel converts 1,102 RSUs
Darden Restaurants reported insider equity activity by SVP General Counsel Lindsay L. Koren.
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Form Type
4
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
1,102 shares exercised/converted
Exercise
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 contracts (Direct);
Restricted Stock Units (FY24 Annual Grant) — 0 contracts (Direct);
Performance Restricted Stock Units (FY23) — 0 contracts (Direct);
Common Stock — 2,453.746 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
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
