Darden SVP converts 5,138 stock units to shares
Douglas J. Milanes, SVP and Chief Supply Chain Officer of Darden Restaurants, settled 5,138 performance and restricted stock units into common stock on July 26–27, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Douglas J. Milanes, SVP and Chief Supply Chain Officer of Darden Restaurants, settled 5,138 performance and restricted stock units into common stock on July 26–27, 2026. In connection with these vestings, 1,183 shares were withheld for tax or exercise obligations at $196.31 per share, and 427 shares were otherwise disposed at the same price.
Insider Trade Summary
5,138 shares exercised/converted
Exercise
9 txns
Insider
Milanes Douglas J.
Role
SVP, Chief Supply Chain Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (FY23) F1, F5 | 3,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 3,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 768 | $196.31 | $151K |
| Exercise | Performance Restricted Stock Units (FY24) F1, F4 | 1,085 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (FY24 Annual Grant) F3 | 1,053 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 1,085 | $0.00 | $0.00 |
| Exercise | Common Stock F3, F2 | 1,053 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock F2 | 415 | $196.31 | $81K |
| Exercise | Common Stock F2 | 427 | $196.31 | $84K |
Holdings After Transaction:
Performance Restricted Stock Units (FY24) — 1,086 contracts (Direct);
Restricted Stock Units (FY24 Annual Grant) — 0 contracts (Direct);
Performance Restricted Stock Units (FY23) — 0 contracts (Direct);
Common Stock — 3,834.171 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 27, 2025.
Key Figures
Total units settled: 5,138 units
FY23 Performance RSUs converted: 3,000 units
FY24 Performance RSUs converted: 1,085 units
+4 more
7 metrics
Total units settled
5,138 units
Aggregate performance and restricted stock units converted into common stock
FY23 Performance RSUs converted
3,000 units
Performance Restricted Stock Units (FY23) converted into common stock on July 27, 2026
FY24 Performance RSUs converted
1,085 units
Performance Restricted Stock Units (FY24) converted into common stock on July 26, 2026
FY24 RSUs converted
1,053 units
Restricted Stock Units (FY24 Annual Grant) converted into common stock on July 26, 2026
Shares withheld for tax/exercise
1,183 shares
Common shares withheld to pay exercise price or tax liability (code F transactions)
Withholding/share price
$196.31 per share
Per-share value used for 1,183 withheld shares and 427 additional disposed shares
Additional shares disposed
427 shares
Common shares disposed in connection with derivative conversions at $196.31 per share
Key Terms
Performance Restricted Stock Units, Restricted Stock Units, Employee Stock Purchase Plan, dividend reinvestment feature
4 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.
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 stock activity did Darden Restaurants (DRI) report for Douglas J. Milanes?
Douglas J. Milanes reported settling 5,138 performance and restricted stock units into Darden Restaurants common stock. The transactions occurred on July 26–27, 2026, reflecting the vesting and conversion of FY23 and FY24 stock-based awards into directly held shares.
Which equity awards were involved in the Darden (DRI) insider transactions?
The transactions involved Performance Restricted Stock Units (FY23 and FY24) and Restricted Stock Units (FY24 Annual Grant). These units converted into Darden Restaurants common stock on a one-for-one basis as they vested according to their respective award schedules.
Did Douglas J. Milanes use a Rule 10b5-1 plan for these Darden (DRI) transactions?
The filing’s Rule 10b5-1 checkbox was not marked as an affirming plan. The transactions are reported directly as equity award vestings, conversions, and related share withholdings, without being designated as executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
