Darden Restaurants director receives 936 stock units
The units convert into common stock one-for-one and vest on the first to occur of one year from the grant date or the next annual meeting of shareholders.
Rhea-AI Filing Summary
Darden Restaurants Inc. (DRI) director Daryl Kenningham acquired 936 restricted stock units in the FY27 director annual grant on September 23, 2026. The units convert into common stock one-for-one and vest on the first to occur of one year from the grant date or the date of the next annual meeting of shareholders. He held 2,810 shares of common stock directly following the reported transaction. No Rule 10b5-1 plan is reported.
Positive
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Insider Trade Summary
Grant/Award: 936 shares
Grant/Award
2 txns
Insider
Kenningham Daryl
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY27 Director Annual Grants) F1, F2 | 936 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (FY27 Director Annual Grants) — 936 contracts (Direct);
Common Stock — 2,810 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders.
Key Figures
Restricted stock units acquired: 936 units
Underlying common shares: 936 shares
Direct common-stock holdings: 2,810 shares
+2 more
5 metrics
Restricted stock units acquired
936 units
FY27 director annual grant on September 23, 2026
Underlying common shares
936 shares
RSUs convert into common stock one-for-one
Direct common-stock holdings
2,810 shares
Following the reported transaction on September 23, 2026
RSU conversion ratio
1-for-1
Each restricted stock unit converts into one common share
Vesting period
One year from grant date
Vests at the first to occur of this date or the next annual meeting of shareholders
Key Terms
Restricted Stock Units, one-for-one basis, vest
3 terms
Restricted Stock Units financial
"Restricted Stock Units (FY27 Director Annual Grants)"
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.
one-for-one basis technical
"Restricted stock units convert into common stock on a one-for-one basis."
vest financial
"The RSUs vest on the first to occur of one year from date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When do DRI's FY27 director restricted stock units vest?
The 936 restricted stock units vest on the first to occur of one year from the grant date or the date of the next annual meeting of shareholders. They convert into common stock on a one-for-one basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.