Darden director awarded 152 restricted stock units
Darden Restaurants Inc. director Timothy J. Wilmott received a grant of 152 restricted stock units as part of FY19 director compensation.
Rhea-AI Filing Summary
Darden Restaurants Inc. director Timothy J. Wilmott received a grant of 152 restricted stock units as part of FY19 director compensation. These units were awarded at a price of $0.00 per unit, increasing his directly held restricted stock units to 6,022.
Each restricted stock unit converts into one share of Darden common stock. Wilmott has elected to take all quarterly cash retainers for serving as a director in the form of restricted stock units, with vested shares to be delivered when his service as a director ends. He also indirectly holds 27,094 Darden common shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY19 Director Compensation) | 152 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Includes FY19, FY20, FY21, FY22, FY23, FY24, FY25, and FY26 director compensation.
- F2. Restricted stock units convert into common stock on a one-for-one basis.
- F3. The Reporting Person elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units for which vested shares will be delivered to the Reporting Person upon theReporting Person's termination of service as a director.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Darden Restaurants (DRI) director Timothy J. Wilmott report on this Form 4?
How many Darden (DRI) restricted stock units does Timothy J. Wilmott hold after this grant?
Does Timothy J. Wilmott hold Darden (DRI) common stock indirectly through a trust?
How are Darden (DRI) director cash retainers paid to Timothy J. Wilmott?
What is the conversion rate of Darden (DRI) restricted stock units reported by Timothy J. Wilmott?
AI-generated analysis. How Rhea-AI works. Not financial advice.