Darden CFO converts RSUs into common stock
Darden Restaurants SVP & CFO Rajesh Vennam converted 13,090 restricted stock units into common stock in transactions on July 26–27, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Darden Restaurants SVP & CFO Rajesh Vennam converted 13,090 restricted stock units into common stock in transactions on July 26–27, 2026. The units converted into common shares on a one-for-one basis. To satisfy tax obligations, 5,153 shares were withheld at $196.3100 per share.
Insider Trade Summary
13,090 shares exercised/converted
Exercise
9 txns
Insider
Vennam Rajesh
Role
SVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (FY23) F1, F5 | 7,286 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 7,286 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 2,868 | $196.31 | $563K |
| Exercise | Performance Restricted Stock Units (FY24) F1, F4 | 2,945 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (FY24 Annual Grant) F3 | 2,859 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 2,945 | $0.00 | $0.00 |
| Exercise | Common Stock F3, F2 | 2,859 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 1,126 | $196.31 | $221K |
| Exercise Price or Tax Liability | Common Stock F2 | 1,159 | $196.31 | $228K |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 2,945 contracts (Direct);
Restricted Stock Units (FY24 Annual Grant) — 0 contracts (Direct);
Performance Restricted Stock Units (FY23) — 0 contracts (Direct);
Common Stock — 17,047.499 shares (Direct)
Footnotes (5)
- F1. Performance restricted stock units convert into common stock on a one-for-one basis.
- F2. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
- F3. Restricted stock units convert into common stock on a one-for-one basis.
- F4. This grant vests in two equal annual installments beginning on July 26, 2026.
- F5. This grant vested in two equal annual installments beginning on July 26, 2026.
Key Figures
RSUs converted: 13090 shares
Shares withheld for taxes: 5153 shares
Tax withholding price: $196.3100 per share
+1 more
4 metrics
RSUs converted
13090 shares
Total underlying shares from derivative exercises reported for July 26–27, 2026
Shares withheld for taxes
5153 shares
Total shares reported with code F for tax obligations at $196.3100 per share
Tax withholding price
$196.3100 per share
Per-share value used for shares withheld to pay tax liability
Remaining FY24 PRSUs
2945 shares
Derivative balance shown after the FY24 performance restricted stock unit conversion
Key Terms
Performance restricted stock units, Restricted stock units, Employee Stock Purchase Plan, dividend reinvestment feature
4 terms
Performance restricted stock units financial
"Security titled "Performance Restricted Stock Units (FY23)" converted one-for-one"
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.
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.
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 feature financial
"and dividend reinvestment feature of the Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Darden Restaurants (DRI) CFO Rajesh Vennam report?
Rajesh Vennam reported converting 13,090 restricted stock units into Darden common stock on July 26–27, 2026. The awards converted one-for-one into shares, and a portion of the resulting stock was withheld to cover associated tax obligations.
Were Rajesh Vennam’s Darden (DRI) transactions open-market purchases or sales?
The filing shows no open-market purchases or sales. Reported activity reflects the conversion of performance and restricted stock units into common shares and the withholding of some of those shares to cover tax liabilities, rather than discretionary market trades.
What types of equity awards were involved in Darden (DRI) CFO Rajesh Vennam’s Form 4?
The transactions involved Performance Restricted Stock Units (FY23 and FY24) and Restricted Stock Units (FY24 Annual Grant). Footnotes state these units convert into common stock on a one-for-one basis, with one FY24 grant vesting in two equal annual installments beginning July 26, 2026.
Does the Darden (DRI) Form 4 indicate any remaining performance or restricted stock units for Rajesh Vennam?
One FY24 performance restricted stock unit grant shows 2,945 derivative shares remaining after the reported conversion. No other derivative positions are listed in the derivative holdings summary, so only this remaining balance appears in the reported data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
