STOCK TITAN

[Form 4] Darden Restaurants, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 highlights for Darden Restaurants, Inc. (DRI): Senior Vice President & Chief Supply Chain Officer Douglas J. Milanes reported an acquisition of 6,000 Performance Restricted Stock Units (PSUs) on 06/17/2025. The PSUs were earned at the conclusion of a performance cycle that began on 07/27/2022 and measured relative total shareholder return versus a defined peer group. The Compensation Committee determined the final payout at 200% of the 3,000-unit target, resulting in the 6,000-unit award.

The award converts one-for-one into DRI common shares and will vest in two equal annual installments beginning 07/27/2025. No shares were sold or disposed of. Following the transaction, Milanes directly owns 3,952.696 DRI common shares and 6,000 derivative securities (PSUs).

This filing reflects achievement of stretch performance goals rather than open-market buying or selling. It signals continued alignment between the executive’s compensation and Darden’s market performance but does not materially change the company’s share count.

Riepilogo del Modulo 4 per Darden Restaurants, Inc. (DRI): Il Senior Vice President e Chief Supply Chain Officer Douglas J. Milanes ha riportato un acquisto di 6.000 Performance Restricted Stock Units (PSU) il 17/06/2025. Le PSU sono state maturate al termine di un ciclo di performance iniziato il 27/07/2022 e hanno misurato il rendimento totale relativo per gli azionisti rispetto a un gruppo di pari definito. Il Comitato per la Remunerazione ha stabilito un pagamento finale pari al 200% dell'obiettivo di 3.000 unità, portando così al riconoscimento di 6.000 unità.

Il premio si converte uno a uno in azioni ordinarie DRI e sarà soggetto a maturazione in due rate annuali uguali a partire dal 27/07/2025. Non sono state vendute o cedute azioni. Dopo la transazione, Milanes detiene direttamente 3.952,696 azioni ordinarie DRI e 6.000 titoli derivati (PSU).

Questa comunicazione riflette il raggiungimento di obiettivi di performance ambiziosi piuttosto che operazioni di acquisto o vendita sul mercato aperto. Indica un continuo allineamento tra la remunerazione dell'esecutivo e la performance di mercato di Darden, senza modificare in modo significativo il numero di azioni della società.

Aspectos destacados del Formulario 4 para Darden Restaurants, Inc. (DRI): El Vicepresidente Senior y Director de Cadena de Suministro Douglas J. Milanes reportó una adquisición de 6,000 Unidades Restringidas de Acciones por Desempeño (PSUs) el 17/06/2025. Las PSUs se ganaron al finalizar un ciclo de desempeño que comenzó el 27/07/2022 y evaluó el rendimiento total relativo para los accionistas frente a un grupo de pares definido. El Comité de Compensación determinó un pago final del 200% del objetivo de 3,000 unidades, resultando en la adjudicación de 6,000 unidades.

La adjudicación se convierte uno a uno en acciones comunes de DRI y se consolidará en dos cuotas anuales iguales a partir del 27/07/2025. No se vendieron ni dispusieron acciones. Tras la transacción, Milanes posee directamente 3,952.696 acciones comunes de DRI y 6,000 valores derivados (PSUs).

Esta presentación refleja el logro de objetivos de desempeño exigentes en lugar de compras o ventas en el mercado abierto. Señala una continua alineación entre la compensación del ejecutivo y el rendimiento de mercado de Darden, pero no cambia materialmente el número de acciones de la compañía.

Darden Restaurants, Inc. (DRI) Form 4 주요 내용: 수석 부사장이자 최고 공급망 책임자인 Douglas J. Milanes가 2025년 6월 17일에 6,000 Performance Restricted Stock Units (PSUs) 취득을 보고했습니다. 이 PSUs는 2022년 7월 27일에 시작된 성과 주기 종료 시점에 획득되었으며, 정의된 동종 그룹과 비교한 상대 총주주수익률을 측정했습니다. 보상 위원회는 3,000 단위 목표의 200%에 해당하는 최종 지급액을 결정하여 6,000 단위가 수여되었습니다.

이 보상은 1대1로 DRI 보통주로 전환되며 2025년 7월 27일부터 2년에 걸쳐 동일한 연간 분할로 권리가 확정됩니다. 주식은 매도되거나 처분되지 않았습니다. 거래 후 Milanes는 직접 3,952.696 DRI 보통주6,000 파생 증권(PSUs)를 보유하고 있습니다.

이 보고는 공개 시장에서의 매매가 아닌 도전적인 성과 목표 달성을 반영합니다. 이는 임원의 보상과 Darden의 시장 성과 간 지속적인 정렬을 나타내며 회사의 주식 수에는 실질적인 변동이 없습니다.

Points clés du formulaire 4 pour Darden Restaurants, Inc. (DRI) : Le vice-président principal et directeur de la chaîne d'approvisionnement Douglas J. Milanes a déclaré une acquisition de 6 000 unités d'actions restreintes liées à la performance (PSU) le 17/06/2025. Ces PSU ont été obtenues à la fin d'un cycle de performance débuté le 27/07/2022, mesurant le rendement total relatif pour les actionnaires par rapport à un groupe de pairs défini. Le comité de rémunération a fixé le paiement final à 200 % de l'objectif de 3 000 unités, ce qui a conduit à l'attribution de 6 000 unités.

L'attribution se convertit en actions ordinaires DRI à raison d'une pour une et sera acquise en deux versements annuels égaux à partir du 27/07/2025. Aucune action n'a été vendue ou cédée. À la suite de la transaction, Milanes détient directement 3 952,696 actions ordinaires DRI et 6 000 titres dérivés (PSU).

Cette déclaration reflète l'atteinte d'objectifs de performance ambitieux plutôt qu'un achat ou une vente sur le marché libre. Elle témoigne d'un alignement continu entre la rémunération du dirigeant et la performance de marché de Darden, sans modifier de manière significative le nombre d'actions de la société.

Formular 4 Highlights für Darden Restaurants, Inc. (DRI): Senior Vice President und Chief Supply Chain Officer Douglas J. Milanes meldete am 17.06.2025 den Erwerb von 6.000 Performance Restricted Stock Units (PSUs). Die PSUs wurden am Ende eines Leistungszyklus verdient, der am 27.07.2022 begann und die relative Gesamtrendite für Aktionäre im Vergleich zu einer definierten Peer-Gruppe maß. Der Vergütungsausschuss bestimmte die endgültige Auszahlung mit 200 % des Zielwerts von 3.000 Einheiten, was zu einer Zuteilung von 6.000 Einheiten führte.

Die Zuteilung wandelt sich eins zu eins in DRI-Stammaktien um und wird in zwei gleichen jährlichen Raten ab dem 27.07.2025 fällig. Es wurden keine Aktien verkauft oder veräußert. Nach der Transaktion besitzt Milanes direkt 3.952,696 DRI-Stammaktien und 6.000 derivative Wertpapiere (PSUs).

Diese Meldung spiegelt die Erreichung anspruchsvoller Leistungsziele wider und nicht Käufe oder Verkäufe am offenen Markt. Sie signalisiert eine weiterhin enge Abstimmung zwischen der Vergütung des Geschäftsführers und der Marktperformance von Darden, ändert jedoch die Aktienanzahl des Unternehmens nicht wesentlich.

Positive
  • 200% performance payout: Achievement of relative TSR goals resulted in 6,000 PSUs versus 3,000 target, implying strong shareholder return performance.
Negative
  • None.

Insights

TL;DR: Insider earned 6,000 PSUs (200% payout); no sales—neutral to slightly positive signal.

The Form 4 documents a routine equity-compensation event. The 6,000 PSUs derive from a 2022 award with relative TSR metrics; doubling of target indicates Darden outperformed its comparison group over the 34-month period. Because the units are earned—not purchased—the filing shows no incremental cash investment by the insider and creates no selling pressure. Vested conversion is staggered (50% in 2025, 50% in 2026), promoting retention. From a governance lens, the outcome evidences performance-based pay working as designed. For investors, the information is mildly positive as it confirms superior TSR, yet the economic impact is immaterial to DRI’s capitalization.

Riepilogo del Modulo 4 per Darden Restaurants, Inc. (DRI): Il Senior Vice President e Chief Supply Chain Officer Douglas J. Milanes ha riportato un acquisto di 6.000 Performance Restricted Stock Units (PSU) il 17/06/2025. Le PSU sono state maturate al termine di un ciclo di performance iniziato il 27/07/2022 e hanno misurato il rendimento totale relativo per gli azionisti rispetto a un gruppo di pari definito. Il Comitato per la Remunerazione ha stabilito un pagamento finale pari al 200% dell'obiettivo di 3.000 unità, portando così al riconoscimento di 6.000 unità.

Il premio si converte uno a uno in azioni ordinarie DRI e sarà soggetto a maturazione in due rate annuali uguali a partire dal 27/07/2025. Non sono state vendute o cedute azioni. Dopo la transazione, Milanes detiene direttamente 3.952,696 azioni ordinarie DRI e 6.000 titoli derivati (PSU).

Questa comunicazione riflette il raggiungimento di obiettivi di performance ambiziosi piuttosto che operazioni di acquisto o vendita sul mercato aperto. Indica un continuo allineamento tra la remunerazione dell'esecutivo e la performance di mercato di Darden, senza modificare in modo significativo il numero di azioni della società.

Aspectos destacados del Formulario 4 para Darden Restaurants, Inc. (DRI): El Vicepresidente Senior y Director de Cadena de Suministro Douglas J. Milanes reportó una adquisición de 6,000 Unidades Restringidas de Acciones por Desempeño (PSUs) el 17/06/2025. Las PSUs se ganaron al finalizar un ciclo de desempeño que comenzó el 27/07/2022 y evaluó el rendimiento total relativo para los accionistas frente a un grupo de pares definido. El Comité de Compensación determinó un pago final del 200% del objetivo de 3,000 unidades, resultando en la adjudicación de 6,000 unidades.

La adjudicación se convierte uno a uno en acciones comunes de DRI y se consolidará en dos cuotas anuales iguales a partir del 27/07/2025. No se vendieron ni dispusieron acciones. Tras la transacción, Milanes posee directamente 3,952.696 acciones comunes de DRI y 6,000 valores derivados (PSUs).

Esta presentación refleja el logro de objetivos de desempeño exigentes en lugar de compras o ventas en el mercado abierto. Señala una continua alineación entre la compensación del ejecutivo y el rendimiento de mercado de Darden, pero no cambia materialmente el número de acciones de la compañía.

Darden Restaurants, Inc. (DRI) Form 4 주요 내용: 수석 부사장이자 최고 공급망 책임자인 Douglas J. Milanes가 2025년 6월 17일에 6,000 Performance Restricted Stock Units (PSUs) 취득을 보고했습니다. 이 PSUs는 2022년 7월 27일에 시작된 성과 주기 종료 시점에 획득되었으며, 정의된 동종 그룹과 비교한 상대 총주주수익률을 측정했습니다. 보상 위원회는 3,000 단위 목표의 200%에 해당하는 최종 지급액을 결정하여 6,000 단위가 수여되었습니다.

이 보상은 1대1로 DRI 보통주로 전환되며 2025년 7월 27일부터 2년에 걸쳐 동일한 연간 분할로 권리가 확정됩니다. 주식은 매도되거나 처분되지 않았습니다. 거래 후 Milanes는 직접 3,952.696 DRI 보통주6,000 파생 증권(PSUs)를 보유하고 있습니다.

이 보고는 공개 시장에서의 매매가 아닌 도전적인 성과 목표 달성을 반영합니다. 이는 임원의 보상과 Darden의 시장 성과 간 지속적인 정렬을 나타내며 회사의 주식 수에는 실질적인 변동이 없습니다.

Points clés du formulaire 4 pour Darden Restaurants, Inc. (DRI) : Le vice-président principal et directeur de la chaîne d'approvisionnement Douglas J. Milanes a déclaré une acquisition de 6 000 unités d'actions restreintes liées à la performance (PSU) le 17/06/2025. Ces PSU ont été obtenues à la fin d'un cycle de performance débuté le 27/07/2022, mesurant le rendement total relatif pour les actionnaires par rapport à un groupe de pairs défini. Le comité de rémunération a fixé le paiement final à 200 % de l'objectif de 3 000 unités, ce qui a conduit à l'attribution de 6 000 unités.

L'attribution se convertit en actions ordinaires DRI à raison d'une pour une et sera acquise en deux versements annuels égaux à partir du 27/07/2025. Aucune action n'a été vendue ou cédée. À la suite de la transaction, Milanes détient directement 3 952,696 actions ordinaires DRI et 6 000 titres dérivés (PSU).

Cette déclaration reflète l'atteinte d'objectifs de performance ambitieux plutôt qu'un achat ou une vente sur le marché libre. Elle témoigne d'un alignement continu entre la rémunération du dirigeant et la performance de marché de Darden, sans modifier de manière significative le nombre d'actions de la société.

Formular 4 Highlights für Darden Restaurants, Inc. (DRI): Senior Vice President und Chief Supply Chain Officer Douglas J. Milanes meldete am 17.06.2025 den Erwerb von 6.000 Performance Restricted Stock Units (PSUs). Die PSUs wurden am Ende eines Leistungszyklus verdient, der am 27.07.2022 begann und die relative Gesamtrendite für Aktionäre im Vergleich zu einer definierten Peer-Gruppe maß. Der Vergütungsausschuss bestimmte die endgültige Auszahlung mit 200 % des Zielwerts von 3.000 Einheiten, was zu einer Zuteilung von 6.000 Einheiten führte.

Die Zuteilung wandelt sich eins zu eins in DRI-Stammaktien um und wird in zwei gleichen jährlichen Raten ab dem 27.07.2025 fällig. Es wurden keine Aktien verkauft oder veräußert. Nach der Transaktion besitzt Milanes direkt 3.952,696 DRI-Stammaktien und 6.000 derivative Wertpapiere (PSUs).

Diese Meldung spiegelt die Erreichung anspruchsvoller Leistungsziele wider und nicht Käufe oder Verkäufe am offenen Markt. Sie signalisiert eine weiterhin enge Abstimmung zwischen der Vergütung des Geschäftsführers und der Marktperformance von Darden, ändert jedoch die Aktienanzahl des Unternehmens nicht wesentlich.

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*
Milanes Douglas J.

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Chief Supply Chain Ofcr
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
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 3,952.696(1) 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 (FY23)(2) (3) 06/17/2025 A 6,000(4) (5) 07/27/2026 Common Stock 6,000 $0.0000 6,000 D
Explanation of Responses:
1. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
2. On July 27, 2022, the Reporting Person was awarded 3,000 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 27, 2022 through May 25, 2025.
3. Performance restricted stock units convert into common stock on a one-for-one basis.
4. On June 17, 2025, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 6,000 PSUs being earned in accordance with the provisions of the applicable award agreement.
5. This grant vests in two equal annual installments beginning on July 27, 2025.
Remarks:
milanespoa.txt
A. Noni Holmes-Kidd, Attorney-in-fact for Milanes, Douglas J. 06/20/2025
** 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.

FAQ

What insider activity did Darden Restaurants (DRI) report on 06/17/2025?

SVP Douglas J. Milanes earned 6,000 performance restricted stock units; no shares were sold.

How many DRI common shares does Douglas Milanes now own directly?

After the transaction he holds 3,952.696 shares directly.

What performance period did the earned PSUs cover?

The PSUs measured relative TSR from 07/27/2022 to 05/25/2025.

When will the 6,000 PSUs vest into DRI common stock?

They vest in two equal tranches beginning 07/27/2025 and ending 07/27/2026.

Did the Form 4 indicate any insider sales of DRI stock?

No; the filing shows an acquisition of PSUs only, with zero dispositions.
Darden Restaurants Inc

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United States
ORLANDO