Darden Restaurants awards Fogarty 936 stock units
The units convert into common stock one-for-one and vest on the earlier of one year from grant or the next annual meeting.
Rhea-AI Filing Summary
Darden Restaurants Inc. (DRI) director James P. Fogarty acquired an award of 936 restricted stock units on September 23, 2026, under the FY27 Director Annual Grants. The units convert into common stock one-for-one and vest on the first to occur of one year from the grant date or the date of the next annual meeting of shareholders. The report separately lists 27,434 shares of directly held common stock. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 936 shares
Grant/Award
2 txns
Insider
FOGARTY JAMES P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY27 Director Annual Grants) F1, F2 | 936 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (FY27 Director Annual Grants) — 936 contracts (Direct);
Common Stock — 27,434 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders.
Key Figures
Restricted stock units awarded: 936 restricted stock units
Directly held common stock: 27,434 shares
Vesting period: One year from grant
3 metrics
Restricted stock units awarded
936 restricted stock units
FY27 Director Annual Grants; September 23, 2026
Directly held common stock
27,434 shares
Reported with the September 23, 2026 transaction
Vesting period
One year from grant
Vests on the first to occur of one year from grant or the next annual meeting of shareholders
Key Terms
Restricted Stock Units, one-for-one basis, vest
3 terms
Restricted Stock Units financial
"Restricted Stock Units (FY27 Director Annual Grants)"
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.
one-for-one basis financial
"convert into common stock on a one-for-one basis"
vest financial
"The RSUs vest on the first to occur"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many restricted stock units did DRI director James P. Fogarty receive?
James P. Fogarty received 936 restricted stock units on September 23, 2026, as a FY27 director annual grant. The units vest on the first to occur of one year from the grant date or the date of the next annual meeting of shareholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.