Darden Restaurants SVP vests 2,874 stock units
Darden Restaurants SVP and Corporate Controller John W. Madonna reported the vesting and conversion of 2,874 restricted stock units into common stock on July 26–27, 2026.
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants SVP and Corporate Controller John W. Madonna reported the vesting and conversion of 2,874 restricted stock units into common stock on July 26–27, 2026. In connection with these conversions, he disposed of 701 shares as payment of exercise price or tax liability at $196.31, and the filing indicates the transactions were not made under a Rule 10b5-1 plan.
Insider Trade Summary
2,874 shares exercised/converted
Exercise
9 txns
Insider
Madonna John W.
Role
SVP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (FY23) F1, F5 | 1,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 1,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 366 | $196.31 | $72K |
| Exercise | Performance Restricted Stock Units (FY24) F1, F4 | 697 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (FY24 Annual Grant) F3 | 677 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 697 | $0.00 | $0.00 |
| Exercise | Common Stock F3, F2 | 677 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 165 | $196.31 | $32K |
| Exercise Price or Tax Liability | Common Stock F2 | 170 | $196.31 | $33K |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 697 contracts (Direct);
Restricted Stock Units (FY24 Annual Grant) — 0 contracts (Direct);
Performance Restricted Stock Units (FY23) — 0 contracts (Direct);
Common Stock — 11,386.942 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
Restricted units converted: 2,874 shares
Shares withheld: 701 shares
Withholding price: 196.3100 per share
+3 more
6 metrics
Restricted units converted
2,874 shares
Total shares from derivative exercises of performance and restricted stock units on July 26–27, 2026
Shares withheld
701 shares
Shares disposed as payment of exercise price or tax liability in code F transactions
Withholding price
196.3100 per share
Price reported for common stock dispositions used as payment of exercise price or tax liability
FY23 PRSUs converted
1,500 units
Performance restricted stock units (FY23) converting one-for-one into common stock on July 27, 2026
FY24 performance RSUs
697 units
FY24 performance restricted stock units tied to a grant vesting in two installments beginning July 26, 2026
FY24 RSUs converted
677 units
Restricted stock units from the FY24 annual grant converting one-for-one into common stock on July 26, 2026
Key Terms
Performance restricted stock units, Restricted stock units, Employee Stock Purchase Plan, dividend reinvestment feature, +1 more
5 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
"Includes shares acquired pursuant to the ... dividend reinvestment feature of the Plan."
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did John W. Madonna report for Darden Restaurants (DRI)?
John W. Madonna reported 2,874 restricted stock units converting into Darden common stock on July 26–27, 2026. He also disposed of 701 shares as payment of exercise price or tax liability at $196.31 in connection with these equity award conversions.
How many restricted stock units vested for John W. Madonna at Darden (DRI)?
A total of 2,874 units vested and converted into common stock for John W. Madonna. This included 1,500 FY23 performance restricted stock units, 697 FY24 performance restricted stock units, and 677 FY24 restricted stock units.
Were John W. Madonna’s Darden (DRI) transactions under a Rule 10b5-1 trading plan?
The Form 4 indicates the transactions were not made under a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is explicitly unchecked, signaling these trades were not executed pursuant to a pre-arranged plan.
What types of equity awards did John W. Madonna exercise or convert at Darden (DRI)?
Madonna’s transactions involved performance restricted stock units (FY23 and FY24) and restricted stock units from the FY24 annual grant. All such units convert into common stock on a one-for-one basis, according to the related footnotes.
What role does John W. Madonna hold at Darden Restaurants (DRI) in this Form 4?
John W. Madonna is identified as SVP, Corporate Controller of Darden Restaurants. The reported equity award conversions and related share dispositions reflect transactions in his capacity as an executive officer of the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
