Darden director granted 162 restricted stock units
Darden Restaurants director Timothy J. Wilmott received a grant of 162 restricted stock units as part of his director compensation.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY19 Director Compensation) | 162 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Includes FY19, FY20, FY21, FY22, FY23, FY24, FY25, and FY26 director compensation.
- F2. Restricted stock units convert into common stock on a one-for-one basis.
- F3. 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
Key Terms
Restricted Stock Units financial
quarterly cash retainer financial
termination of service as a director financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Darden Restaurants (DRI) director Timothy J. Wilmott report on this Form 4?
How many restricted stock units does Timothy J. Wilmott hold in Darden Restaurants (DRI)?
What are the terms of the Darden Restaurants (DRI) restricted stock units granted to Timothy J. Wilmott?
Is the Form 4 for Darden Restaurants (DRI) a sign of open-market buying or selling by Timothy J. Wilmott?
AI-generated analysis. How Rhea-AI works. Not financial advice.