Darden SVP receives 1,394 performance stock units
Darden Restaurants senior vice president and corporate controller John W. Madonna reported an equity compensation award rather than a market purchase or sale.
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants senior vice president and corporate controller John W. Madonna reported an equity compensation award rather than a market purchase or sale. He received 1,394 performance restricted stock units (FY24), each convertible into one share of common stock, after the Compensation Committee certified performance results for the July 26, 2023 to May 31, 2026 period. The award will vest in two equal annual installments beginning on July 26, 2026. Following the reported updates, he holds 9,183.85 shares of Darden common stock directly, including shares acquired through the employee stock purchase plan and its dividend reinvestment feature.
Insider Trade Summary
Grant/Award: 1,394 shares
Grant/Award
1 txn
Insider
Madonna John W.
Role
SVP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units (FY24) | 1,394 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 1,394 contracts (Direct);
Common Stock — 9,183.85 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 1,354 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 1,394 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
Performance RSUs granted: 1,394 units
Common shares held: 9,183.85 shares
Performance period: July 26, 2023–May 31, 2026
+3 more
6 metrics
Performance RSUs granted
1,394 units
FY24 performance restricted stock units, one-for-one into common stock
Common shares held
9,183.85 shares
Direct holdings after reported transactions
Performance period
July 26, 2023–May 31, 2026
Measurement window for FY24 PSU performance criteria
PSU expiration date
July 26, 2027
Expiration date for performance restricted stock units
PSU vesting start
July 26, 2026
Grant vests in two equal annual installments beginning on this date
PSU exercise price
$0.0000 per unit
Grant/award acquisition, non-cash equity compensation
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
"On July 26, 2023, the Reporting Person was awarded 1,354 target performance restricted stock units (PSUs) subject to the achievement of performance criteria"
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 and dividend reinvestment feature of the 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
"Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan 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
"On June 23, 2026, 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 John W. Madonna?
Darden reported that SVP and corporate controller John W. Madonna received 1,394 performance restricted stock units as equity compensation. These units were earned after the Compensation Committee certified performance results for the FY24 PSU award cycle.
How many performance restricted stock units did the Darden (DRI) executive earn?
John W. Madonna earned 1,394 performance restricted stock units tied to FY24 performance. The number reflects the final results under specified performance criteria, converting one-for-one into Darden common shares if and when vested.
When do the new Darden (DRI) performance RSUs granted to John W. Madonna vest?
The 1,394 performance restricted stock units granted to John W. Madonna vest in two equal annual installments. Vesting begins on July 26, 2026, spreading the equity compensation over a two-year period after performance certification.
What performance criteria governed the Darden (DRI) FY24 PSU award?
The FY24 performance restricted stock units were subject to relative total shareholder return criteria. Performance was measured from July 26, 2023 through May 31, 2026 against a selected comparison group, with final results approved by the Compensation Committee.
What is the conversion ratio of Darden (DRI) performance restricted stock units to common stock?
Each performance restricted stock unit converts into one share of Darden common stock. This one-for-one conversion applies when the units are earned and vest in accordance with the award agreement and applicable performance and service conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
