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Darden Restaurants (NYSE: DRI) director granted 159 RSUs, now holds 1,774 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DARDEN RESTAURANTS INC director Daryl Kenningham reported routine equity compensation activity. He exercised restricted stock units that convert into common stock on a one-for-one basis, receiving 159 shares of common stock. These transactions relate to FY26 director compensation, where he elected to take his quarterly cash retainer in the form of restricted stock units that settle immediately.

Following these transactions, he directly holds 1,774 shares of common stock and 159 restricted stock units recorded as derivative holdings for FY26 director compensation.

Positive

  • None.

Negative

  • None.
Insider Kenningham Daryl
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units (FY26 Director Compensation) 159 $0.00 --
Exercise Restricted Stock Units (FY26 Director Compensation) 159 $0.00 --
Exercise Common Stock 159 $0.00 --
Holdings After Transaction: Restricted Stock Units (FY26 Director Compensation) — 159 shares (Direct, null); Common Stock — 1,774 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis. Includes FY26 director compensation. 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.
RSUs exercised 159 units Restricted Stock Units converting one-for-one into common stock
Common shares received 159 shares Shares of Common Stock from RSU conversion on 2026-05-31
Shares held after transaction 1,774 shares Total direct common stock holdings after RSU exercise
RSUs granted (FY26) 159 units Restricted Stock Units (FY26 Director Compensation) with grant code A
Exercise price $0.00 per share Transaction price per share for RSU conversion and grant
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.
derivative security financial
"transaction_code_description: 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.
quarterly cash retainer financial
"The Reporting Person elected to take all of the quarterly cash retainer"
director compensation financial
"Includes FY26 director compensation."
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kenningham Daryl
(Last)(First)(Middle)
1000 DARDEN CENTER DRIVE
(Street)
ORLANDO FLORIDA 32837
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC [ DRI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/31/2026M159A$0(1)1,774D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units (FY26 Director Compensation)(2)(1)05/31/2026A159(3)05/31/202605/31/2026Common Stock159$0.0000159D
Restricted Stock Units (FY26 Director Compensation)(2)(1)05/31/2026M15905/31/202605/31/2026Common Stock159$0.00000.0000D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. Includes FY26 director compensation.
3. 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.
Remarks:
kenningham2026poa.txt
A. Noni Holmes-Kidd, Attorney-in-fact for Kenningham, Daryl A.06/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Daryl Kenningham report at DRI?

Director Daryl Kenningham reported exercising restricted stock units into 159 shares of Darden common stock. These transactions reflect equity-based director compensation rather than open-market buying or selling, and are tied to his FY26 director pay.

How many Darden Restaurants (DRI) shares does Kenningham hold after this Form 4?

After the reported transactions, Daryl Kenningham directly holds 1,774 shares of Darden common stock. This total reflects the addition of 159 shares received when his restricted stock units converted on a one-for-one basis.

What are the terms of the restricted stock units reported by DRI director Kenningham?

The restricted stock units convert into Darden common stock on a one-for-one basis. For this filing, 159 units converted into 159 common shares as part of FY26 director compensation and settled immediately according to the footnotes.

How is FY26 director compensation structured for Darden’s Daryl Kenningham?

For FY26, Daryl Kenningham’s director compensation includes restricted stock units. He elected to receive all of his quarterly cash retainer in restricted stock units, which settle immediately into common shares at the time of grant and conversion.

Did the DRI Form 4 show any open-market stock purchases or sales by Kenningham?

No open-market purchases or sales were reported. The Form 4 only shows restricted stock unit grants and their conversion into common stock, which are compensation-related rather than discretionary market trades.

What do the transaction codes M and A mean in Kenningham’s DRI Form 4?

Code M indicates the exercise or conversion of a derivative security, here restricted stock units into common shares. Code A reflects the grant or award of new restricted stock units as part of FY26 director compensation.