Darden Restaurants (NYSE: DRI) director awarded 162 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Darden Restaurants director Timothy J. Wilmott received a grant of 162 restricted stock units as part of his director compensation. These restricted stock units relate to director pay and convert into common stock on a one-for-one basis.
Following this award, Wilmott holds 6,184 restricted stock units directly. He also has indirect ownership of 27,094 shares of Darden common stock held by a trust. Footnotes note he elected to take his quarterly cash retainer for board service in the form of restricted stock units, with vested shares delivered when his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
WILMOTT TIMOTHY J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY19 Director Compensation) | 162 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (FY19 Director Compensation) — 6,184 shares (Direct, null);
Common Stock — 27,094 shares (Indirect, By Trust)
Footnotes (1)
- Includes FY19, FY20, FY21, FY22, FY23, FY24, FY25, and FY26 director compensation. Restricted stock units convert into common stock on a one-for-one basis. The Reporting Person elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units for which vested shares will be delivered to the Reporting Person upon the Reporting Person's termination of service as a director.
Key Figures
RSUs granted: 162 units
RSUs held after grant: 6,184 units
Common shares held by trust: 27,094 shares
3 metrics
RSUs granted
162 units
Restricted Stock Units grant coded as acquisition (A)
RSUs held after grant
6,184 units
Total restricted stock units following transaction
Common shares held by trust
27,094 shares
Indirect ownership in Darden Restaurants common stock
Key Terms
Restricted Stock Units, quarterly cash retainer, termination of service as a director
3 terms
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.
quarterly cash retainer financial
"The Reporting Person elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units"
termination of service as a director financial
"vested shares will be delivered to the Reporting Person upon the Reporting Person's termination of service as a director"
FAQ
What did Darden Restaurants (DRI) director Timothy J. Wilmott report on this Form 4?
Timothy J. Wilmott reported receiving 162 restricted stock units as director compensation. These units convert into common stock one-for-one and are part of his ongoing board compensation program, rather than an open-market purchase or sale of Darden Restaurants shares.
How many restricted stock units does Timothy J. Wilmott hold in Darden Restaurants (DRI)?
After the latest grant, Timothy J. Wilmott holds 6,184 restricted stock units in Darden Restaurants. These units represent deferred director compensation and will be settled in common stock, providing equity exposure tied to his service on the company’s board.
What are the terms of the Darden Restaurants (DRI) restricted stock units granted to Timothy J. Wilmott?
The restricted stock units convert into Darden Restaurants common stock on a one-for-one basis. Wilmott elected to receive his quarterly director cash retainer entirely in restricted stock units, with vested shares delivered after his service as a director ends, deferring receipt.
Is the Form 4 for Darden Restaurants (DRI) a sign of open-market buying or selling by Timothy J. Wilmott?
No, the Form 4 reflects a grant of 162 restricted stock units as director compensation, not an open-market trade. The transaction is coded as a grant or award, indicating routine equity-based compensation rather than a discretionary buy or sell decision.