Darden SVP granted 2,171 performance RSUs
Darden Restaurants Inc. reported that SVP and Chief Supply Chain Officer Douglas J. Milanes received a grant of 2,171 performance restricted stock units (PSUs) tied to fiscal 2024 performance.
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants Inc. reported that SVP and Chief Supply Chain Officer Douglas J. Milanes received a grant of 2,171 performance restricted stock units (PSUs) tied to fiscal 2024 performance. These PSUs convert into common stock on a one-for-one basis at no exercise price.
The PSUs relate to a target award granted on July 26, 2023, based on relative total shareholder return performance through May 31, 2026. On June 23, 2026, the Compensation Committee certified results, resulting in 2,171 PSUs being earned. This grant vests in two equal annual installments beginning on July 26, 2026. Following the reported transactions, Milanes holds 276.079 shares of common stock directly.
Insider Trade Summary
Grant/Award: 2,171 shares
Grant/Award
1 txn
Insider
Milanes Douglas J.
Role
SVP, Chief Supply Chain Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units (FY24) | 2,171 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 2,171 contracts (Direct);
Common Stock — 276.079 shares (Direct)
Footnotes (5)
- F1. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
- F2. On July 26, 2023, the Reporting Person was awarded 2,107 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (relative total shareholder return as compared to a selected comparison group) from July 26, 2023 through May 31, 2026.
- F3. Performance restricted stock units convert into common stock on a one-for-one basis.
- F4. On June 23, 2026, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 2,171 PSUs being earned in accordance with the provisions of the applicable award agreement.
- F5. This grant vests in two equal annual installments beginning on July 26, 2026.
Key Figures
Performance RSUs granted: 2,171 units
Common stock held: 276.079 shares
RSU expiration date: July 26, 2027
+3 more
6 metrics
Performance RSUs granted
2,171 units
Earned PSUs for FY24 performance; one-for-one into common stock
Common stock held
276.079 shares
Direct ownership after reported transactions
RSU expiration date
July 26, 2027
Performance restricted stock units expiration date
Performance period end
May 31, 2026
End of relative total shareholder return measurement window
Grant vesting start
July 26, 2026
First of two equal annual vesting installments
RSU exercise price
$0.0000 per unit
Conversion price for performance restricted stock units
Key Terms
Performance Restricted Stock Units, relative total shareholder return, Employee Stock Purchase Plan, Compensation Committee
4 terms
Performance Restricted Stock Units financial
"Performance Restricted Stock Units (FY24)"
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.
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.
Compensation Committee financial
"the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Darden Restaurants (DRI) report for Douglas J. Milanes?
Darden Restaurants reported that Douglas J. Milanes received a grant of 2,171 performance restricted stock units. These units were earned based on relative total shareholder return performance criteria and convert into common stock on a one-for-one basis at no exercise price.
How many performance restricted stock units did the DRI executive earn and on what basis?
Douglas J. Milanes earned 2,171 performance restricted stock units (PSUs). The PSUs were tied to performance criteria based on relative total shareholder return versus a comparison group measured from July 26, 2023 through May 31, 2026, as determined by the Compensation Committee.
When do the newly granted Darden (DRI) performance RSUs vest for Douglas J. Milanes?
The 2,171 performance restricted stock units granted to Douglas J. Milanes vest in two equal annual installments, beginning on July 26, 2026. This means half of the units vest on that date and the remaining half vests one year later, subject to award terms.
What is the conversion ratio of the DRI performance restricted stock units to common stock?
The performance restricted stock units awarded to Douglas J. Milanes convert into common stock on a one-for-one basis. Each vested PSU delivers one share of Darden Restaurants common stock, according to the award terms disclosed in the transaction details and footnotes.
What performance period applied to the Darden (DRI) FY24 performance restricted stock units?
The FY24 performance restricted stock units for Douglas J. Milanes were based on performance from July 26, 2023 through May 31, 2026. The key metric was relative total shareholder return compared to a selected comparison group, as certified by the Compensation Committee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
