Darden SVP receives 3,100 performance RSUs
Darden Restaurants executive Sarah H. King, SVP and Chief People Officer, was awarded 3,100 performance restricted stock units (PSUs) tied to Darden common stock.
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants executive Sarah H. King, SVP and Chief People Officer, was awarded 3,100 performance restricted stock units (PSUs) tied to Darden common stock. These PSUs were earned based on performance criteria measured from July 26, 2023 through May 31, 2026 and convert into common stock on a one-for-one basis.
The grant vests in two equal annual installments beginning on July 26, 2026, providing time-based retention after the performance period. Following the reported update, she holds 712.727 shares of common stock directly, including shares acquired through the employee stock purchase plan and its dividend reinvestment feature. The Form 4 shows a compensation-related award with no open-market purchases or sales.
Insider Trade Summary
Grant/Award: 3,100 shares
Grant/Award
2 txns
Insider
King Sarah H.
Role
SVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units (FY24) | 3,100 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 3,100 contracts (Direct);
Common Stock — 712.727 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 3,010 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 3,100 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
Earned PSUs: 3,100 units
Target PSUs at grant: 3,010 units
Common shares held: 712.727 shares
+2 more
5 metrics
Earned PSUs
3,100 units
Performance restricted stock units earned and awarded on June 23, 2026
Target PSUs at grant
3,010 units
Original target performance restricted stock units awarded on July 26, 2023
Common shares held
712.727 shares
Direct Darden common stock holdings after reported transactions
PSU vesting schedule
2 equal installments
Vesting begins July 26, 2026, in two annual installments
PSU expiration date
July 26, 2027
Expiration date for the FY24 performance restricted stock unit award
Key Terms
Performance Restricted Stock Units, relative total shareholder return, Employee Stock Purchase Plan, dividend reinvestment, +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.
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 financial
"and dividend reinvestment feature of the Plan."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
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 Sarah H. King?
Darden reported that SVP and Chief People Officer Sarah H. King received 3,100 performance restricted stock units. These PSUs were earned based on previously set performance criteria and represent a stock-based compensation award, not an open-market share purchase or sale.
How many performance restricted stock units did the Darden (DRI) executive earn?
Sarah H. King earned 3,100 performance restricted stock units linked to Darden common stock. The award reflects performance results under a plan that originally targeted 3,010 PSUs and is structured to convert into common shares on a one-for-one basis after vesting.
When do the newly earned Darden (DRI) PSUs vest for the SVP?
The 3,100 performance restricted stock units vest in two equal annual installments beginning on July 26, 2026. This means the award continues to tie the executive’s compensation to Darden’s stock performance over time, after the performance period used to determine how many units were earned.
What performance period determined the Darden (DRI) PSUs earned by Sarah H. King?
The PSUs were based on performance criteria measured from July 26, 2023 through May 31, 2026. The Compensation Committee evaluated results over that period, including relative total shareholder return versus a comparison group, and determined that 3,100 performance units were earned under the award agreement.
Do the reported Darden (DRI) transactions include any open-market stock sales?
The disclosure shows a grant of 3,100 performance restricted stock units and an updated common stock holding balance, but no open-market purchases or sales. The activity is compensation-related and reflects equity awards and accumulated holdings rather than discretionary trading in Darden shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
