Darden executive exercises RSUs, shares withheld for tax
Darden Restaurants senior vice president Susan M. Connelly reported multiple equity award transactions.
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants senior vice president Susan M. Connelly reported multiple equity award transactions. On July 26–27, 2026 she exercised performance and restricted stock units into 3,671 shares of common stock, while 1,445 shares were withheld at $196.31 per share to cover tax obligations. Performance and restricted stock units convert into common shares on a one-for-one basis, and 776 FY24 performance units remain outstanding.
Insider Trade Summary
3,671 shares exercised/converted
Exercise
9 txns
Insider
Connelly Susan M.
Role
SVP, Chief Comm & PA Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (FY23) F1, F5 | 2,144 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 2,144 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 844 | $196.31 | $166K |
| Exercise | Performance Restricted Stock Units (FY24) F1, F4 | 775 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (FY24 Annual Grant) F3 | 752 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 775 | $0.00 | $0.00 |
| Exercise | Common Stock F3, F2 | 752 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 296 | $196.31 | $58K |
| Exercise Price or Tax Liability | Common Stock F2 | 305 | $196.31 | $60K |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 776 contracts (Direct);
Restricted Stock Units (FY24 Annual Grant) — 0 contracts (Direct);
Performance Restricted Stock Units (FY23) — 0 contracts (Direct);
Common Stock — 6,391.301 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
Derivative shares exercised: 3,671 shares
Shares withheld for taxes: 1,445 shares
Tax withholding price: $196.3100 per share
+2 more
5 metrics
Derivative shares exercised
3,671 shares
Aggregate shares from RSU and PRSU conversions on 2026-07-26 and 2026-07-27
Shares withheld for taxes
1,445 shares
Total common shares withheld under code F tax-liability transactions
Tax withholding price
$196.3100 per share
Per-share value used for common stock withheld to satisfy tax obligations
Remaining FY24 performance RSUs
776 units
Performance Restricted Stock Units (FY24) remaining after 775 units converted on 2026-07-26
Derivative exercises reported
3 transactions
Total code M derivative exercises or conversions reported in this filing
Key Terms
Performance Restricted Stock Units, Restricted stock units, Employee Stock Purchase Plan, dividend reinvestment feature
4 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"
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
"and dividend reinvestment feature of the Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock transactions did Darden Restaurants (DRI) report for Susan M. Connelly?
Susan M. Connelly exercised performance and restricted stock units into 3,671 Darden common shares on July 26–27, 2026. To satisfy tax obligations, 1,445 shares were withheld at $196.31 per share, with the remainder delivered as stock.
How do Susan M. Connelly’s Darden (DRI) performance and restricted stock units convert?
Both performance restricted stock units and restricted stock units convert into Darden common stock on a one-for-one basis. This means each vested unit delivers one common share upon conversion, consistent with the award terms described in the footnotes.
How many Darden (DRI) performance restricted stock units does Susan M. Connelly still hold?
After converting 775 FY24 performance restricted stock units into common shares, Susan M. Connelly has 776 FY24 performance units remaining outstanding. That remaining balance is reported in the derivative holdings following the July 26, 2026 transaction.
Were Susan M. Connelly’s Darden (DRI) transactions under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox in the report is not marked as affirming a trading plan. As presented, the transactions are not identified as being executed pursuant to a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
