Darden Restaurants (NYSE: DRI) awards RSUs and options to Olive Garden head
Rhea-AI Filing Summary
John W. Wilkerson, President of Olive Garden at Darden Restaurants, received equity awards consisting of 1,622 restricted stock units and 4,786 stock options with a $212.23 exercise price per share. The options expire on July 29, 2036 and vest in two equal annual installments beginning July 29, 2029.
After these awards, Wilkerson is reported to hold 21,291.337 Darden common shares directly, including shares acquired through the Employee Stock Purchase Plan and its dividend reinvestment feature, plus 614.7266 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Wilkerson John W.
Role
President, Olive Garden
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY27 Annual Grant) F2 | 1,622 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F3 | 4,786 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (FY27 Annual Grant) — 1,622 shares (Direct);
Stock Option (Right to Buy) — 4,786 shares (Direct);
Common Stock — 21,291.337 shares (Direct);
Common Stock — 614.7266 shares (Indirect, By 401k)
Footnotes (3)
- F1. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
- F2. Restricted stock units convert into common stock on a one-for-one basis.
- F3. This option vests in two equal annual installments beginning on July 29, 2029.
Key Figures
Restricted stock units granted: 1,622 units
Stock options granted: 4,786 options
Option exercise price: $212.23 per share
+3 more
6 metrics
Restricted stock units granted
1,622 units
FY27 annual grant to John W. Wilkerson
Stock options granted
4,786 options
Equity award to John W. Wilkerson
Option exercise price
$212.23 per share
Stock Option (Right to Buy) grant
Option expiration date
July 29, 2036
Stock Option (Right to Buy) grant
Direct common stock holdings
21,291.337 shares
Post-transaction direct ownership by John W. Wilkerson
Indirect 401(k) holdings
614.7266 shares
Common stock held indirectly through 401(k) plan
Key Terms
Restricted Stock Units, Stock Option (Right to Buy), Employee Stock Purchase Plan, dividend reinvestment feature
4 terms
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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of $212.23 per share."
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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did John W. Wilkerson receive from Darden Restaurants (DRI)?
John W. Wilkerson received 1,622 restricted stock units and 4,786 stock options. Each restricted stock unit converts into one share of common stock, and the options relate to 4,786 shares at a $212.23 exercise price per share.
What are the terms of the new stock options reported by Darden Restaurants (DRI)?
The new stock options cover 4,786 shares of Darden common stock at an exercise price of $212.23 per share. They expire on July 29, 2036 and vest in two equal annual installments beginning on July 29, 2029.
Are John W. Wilkerson’s reported Darden (DRI) transactions under a Rule 10b5-1 plan?
The transactions are not indicated as being under a Rule 10b5-1 trading plan, as the specific checkbox for such a plan was not affirmatively marked. The reported activity consists of equity awards rather than open-market trades.
What do the restricted stock units reported by Darden Restaurants (DRI) represent?
The filing reports 1,622 restricted stock units granted to John W. Wilkerson. A footnote states these restricted stock units convert into Darden common stock on a one-for-one basis, providing potential future ownership of 1,622 common shares upon conversion.