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Darden Restaurants Form 4 details 186 RSUs and share conversion

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Darden Restaurants Inc. (DRI) director Daryl A. Kenningham reported equity compensation activity. On 11/23/2025, he received 186 restricted stock units as part of his FY26 director compensation, electing to take his quarterly cash retainer in the form of restricted stock units that settle immediately. These units convert into common stock on a one-for-one basis and were reported at an exercise price of $0.0000.

The filing also shows the conversion of 186 restricted stock units into 186 shares of common stock, leaving Kenningham with 1,466 shares of Darden common stock beneficially owned directly after the transactions. The transactions are reported on Form 4 in his capacity as a director and were carried out under the company’s director compensation program.

Positive

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Insider Kenningham Daryl
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units (FY26 Director Compensation) 186 $0.00 --
Exercise Restricted Stock Units (FY26 Director Compensation) 186 $0.00 --
Exercise Common Stock 186 $0.00 --
Holdings After Transaction: Restricted Stock Units (FY26 Director Compensation) — 186 shares (Direct); Common Stock — 1,466 shares (Direct)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis. Includes FY26 director compensation. The Reporting Person elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units which settle immediately.
Form 4 Insider Transactions: What Each Field Means →
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*
Kenningham Daryl
(Last) (First) (Middle)
1000 DARDEN CENTER DRIVE
(Street)
ORLANDO FL 32837
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC [ DRI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 11/23/2025 M 186 A $0(1) 1,466 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
Restricted Stock Units (FY26 Director Compensation)(2) (1) 11/23/2025 A 186(3) 11/23/2025 11/23/2025 Common Stock 186 $0.0000 186 D
Restricted Stock Units (FY26 Director Compensation)(2) (1) 11/23/2025 M 186 11/23/2025 11/23/2025 Common Stock 186 $0.0000 0.0000 D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. Includes FY26 director compensation.
3. The Reporting Person elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units which settle immediately.
A. Noni Holmes-Kidd, Attorney-in-fact for Kenningham, Daryl A. 11/25/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Darden Restaurants (DRI) report on this Form 4?

The Form 4 reports that director Daryl A. Kenningham received 186 restricted stock units as FY26 director compensation and that these 186 restricted stock units were converted into 186 shares of Darden common stock on 11/23/2025.

How many Darden (DRI) shares does the director beneficially own after the reported transaction?

After the reported transactions on 11/23/2025, Daryl A. Kenningham beneficially owns 1,466 shares of Darden Restaurants common stock directly.

What was the form of compensation for the Darden (DRI) director in this filing?

The director elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units, which settle immediately into Darden common stock.

At what price were the Darden Restaurants (DRI) restricted stock units and shares recorded?

The restricted stock units convert into common stock on a one-for-one basis and are reported with an exercise price of $0.0000 per unit and per underlying share.

What type of derivative securities are reported for Darden (DRI) in this Form 4?

The filing reports restricted stock units (FY26 director compensation) as derivative securities, each representing the right to receive one share of Darden common stock.

What is the reporting person’s relationship to Darden Restaurants (DRI)?

The reporting person, Daryl A. Kenningham, is identified as a director of Darden Restaurants Inc., and the Form 4 is filed for one reporting person.