Darden executive exercises 5,505 stock units
Darden Restaurants Inc. officer John W. Wilkerson, President of Olive Garden, reported equity award vesting and related share withholding on July 26–27, 2026.
Rhea-AI Filing Summary
Darden Restaurants Inc. officer John W. Wilkerson, President of Olive Garden, reported equity award vesting and related share withholding on July 26–27, 2026. He exercised or converted a total of 5,505 stock units (performance and time-based restricted stock units) into an equal number of shares of common stock.
Across these vestings, 2,008 common shares were disposed of via share withholding at $196.31 per share to satisfy exercise price or tax obligations, rather than through open-market sales. A separate entry shows 614.7266 common shares held indirectly through a 401(k) plan following the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,505 shares exercised/converted
Exercise
10 txns
Insider
Wilkerson John W.
Role
President, Olive Garden
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (FY23) F1, F5 | 3,214 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 3,214 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 1,105 | $196.31 | $217K |
| Exercise | Performance Restricted Stock Units (FY24) F1, F4 | 1,162 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (FY24 Annual Grant) F3 | 1,129 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 1,162 | $0.00 | $0.00 |
| Exercise | Common Stock F3, F2 | 1,129 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 445 | $196.31 | $87K |
| Exercise Price or Tax Liability | Common Stock F2 | 458 | $196.31 | $90K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 1,163 contracts (Direct);
Restricted Stock Units (FY24 Annual Grant) — 0 contracts (Direct);
Performance Restricted Stock Units (FY23) — 0 contracts (Direct);
Common Stock — 21,291.337 shares (Direct);
Common Stock — 614.7266 shares (Indirect, By 401k)
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
Total units exercised/converted: 5,505 shares
Shares withheld for tax/exercise: 2,008 shares
FY23 performance RSUs converted: 3,214 shares
+4 more
7 metrics
Total units exercised/converted
5,505 shares
Aggregate derivative exercises (M code) reported in transactionSummary
Shares withheld for tax/exercise
2,008 shares
Code F transactions for exercise price or tax liability dispositions
FY23 performance RSUs converted
3,214 shares
Performance Restricted Stock Units (FY23) converting into common stock
FY24 performance RSUs converted
1,162 shares
Performance Restricted Stock Units (FY24) converting into common stock
FY24 annual RSUs converted
1,129 shares
Restricted Stock Units (FY24 Annual Grant) converting into common stock
Withholding price
$196.31 per share
Price used for share withholding on F-code transactions
Indirect 401(k) holdings
614.7266 shares
Common stock held indirectly by 401(k) after reported transactions
Key Terms
Performance Restricted Stock Units, Restricted stock units, Employee Stock Purchase Plan, dividend reinvestment feature
4 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
"and dividend reinvestment feature of the Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Darden Restaurants (DRI) executive John W. Wilkerson report in this Form 4?
John W. Wilkerson reported exercising or converting 5,505 restricted stock units into common stock on July 26–27, 2026. The filing also notes 2,008 shares withheld to cover exercise price or tax obligations, rather than open-market sales.
Were any of John W. Wilkerson’s Darden (DRI) transactions open-market sales?
The reported dispositions involve share withholding to pay exercise price or tax liabilities under code F, totaling 2,008 shares at $196.31 per share. The Form 4 does not show open-market purchase or sale transactions.
What ongoing Darden (DRI) holdings are shown for Wilkerson in retirement plans?
A holding entry shows Wilkerson has 614.7266 common shares held indirectly through a 401(k) plan. A footnote adds that plan holdings include shares from the Employee Stock Purchase Plan and its dividend reinvestment feature.
AI-generated analysis. How Rhea-AI works. Not financial advice.
