Darden director takes 150 shares as retainer
DARDEN RESTAURANTS INC (DRI) reported director equity compensation activity for board member Daryl Kenningham.
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Form Type
4
Rhea-AI Filing Summary
DARDEN RESTAURANTS INC (DRI) reported director equity compensation activity for board member Daryl Kenningham. On 2026-08-30, he received 150 restricted stock units as part of FY26 director compensation and elected to take his quarterly cash retainer entirely in RSUs that settled immediately. The RSUs converted on a one-for-one basis into 150 shares of common stock, increasing his directly held common stock to 1,924 shares after the transactions. The filing does not indicate use of a Rule 10b5-1 trading plan.
Insider Trade Summary
150 shares exercised/converted
Exercise
3 txns
Insider
Kenningham Daryl
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY26 Director Compensation) F2, F1, F3 | 150 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (FY26 Director Compensation) F2, F1 | 150 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 150 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (FY26 Director Compensation) — 0 contracts (Direct);
Common Stock — 1,924 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Includes FY26 and FY27 director compensation.
- 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 which settle immediately.
Key Figures
Restricted Stock Units granted: 150 units
RSUs converted into common stock: 150 shares
Common stock held after transactions: 1,924 shares
+2 more
5 metrics
Restricted Stock Units granted
150 units
FY26 director compensation grant on 2026-08-30
RSUs converted into common stock
150 shares
One-for-one conversion of RSUs into Darden Restaurants common stock
Common stock held after transactions
1,924 shares
Direct ownership following 2026-08-30 transactions
Transaction price per share (common stock line)
$0.00 per share
Non-derivative common stock acquisition on 2026-08-30
Derivative exercises reported
1 transaction; 150 shares
Exercise or conversion of derivative security into common stock
Key Terms
Restricted Stock Units, Rule 10b5-1, derivative security, cash retainer
4 terms
Restricted Stock Units financial
"Restricted Stock Units (FY26 Director Compensation)"
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.
Rule 10b5-1 regulatory
"the Rule 10b5-1 affirmation checkbox as false"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
cash retainer financial
"quarterly cash retainer for serving as a director"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Daryl Kenningham acquire in this Form 4 for DRI?
Daryl Kenningham received 150 restricted stock units as FY26 director compensation on 2026-08-30, which immediately converted into 150 shares of Darden Restaurants common stock on a one-for-one basis as disclosed in the filing footnotes.
What is the nature of the restricted stock units reported for DRI in this Form 4?
The reported security is Restricted Stock Units (FY26 Director Compensation), which, per the footnotes, convert into Darden Restaurants common stock on a one-for-one basis and include FY26 and FY27 director compensation.
Did the DRI Form 4 indicate a Rule 10b5-1 trading plan for these transactions?
No. The Form 4 data show the Rule 10b5-1 affirmation checkbox as false, indicating the transactions were not reported as being effected pursuant to a Rule 10b5-1 trading plan.
What transactions in DRI stock are shown on 2026-08-30 for Daryl Kenningham?
On 2026-08-30, Kenningham received 150 RSUs, those RSUs were exercised/converted as a derivative transaction, and he acquired 150 shares of Darden Restaurants common stock at a stated price of $0.00 per share in the non-derivative line.
How was Daryl Kenningham’s quarterly DRI director retainer paid according to this Form 4?
A footnote states that Kenningham 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 Restaurants common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
