Darden Restaurants (NYSE: DRI) awards stock units and options to Todd Burrowes
Rhea-AI Filing Summary
Darden Restaurants executive Todd Burrowes, Group Pres, Pres, Chuy's, received equity awards dated July 29, 2026. He was granted 1,997 restricted stock units that convert one-for-one into common stock on July 29, 2029, and options on 5,890 shares at $212.23, vesting in two equal annual installments beginning July 29, 2029 and expiring July 29, 2036. After these grants he directly holds 50,741.283 common shares, including amounts from the Employee Stock Purchase Plan and its dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Burrowes Todd
Role
Group Pres, Pres, Chuy's
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (FY27 Annual Grant) F2 | 1,997 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F3 | 5,890 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (FY27 Annual Grant) — 1,997 shares (Direct);
Stock Option (Right to Buy) — 5,890 shares (Direct);
Common Stock — 50,741.283 shares (Direct)
Footnotes (3)
- F1. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
- F2. Restricted stock units convert into common stock on a one-for-one basis.
- F3. This option vests in two equal annual installments beginning on July 29, 2029.
Key Figures
Restricted stock units granted: 1,997.0000 units
Stock options granted: 5,890.0000 shares
Option exercise price: $212.2300 per share
+3 more
6 metrics
Restricted stock units granted
1,997.0000 units
RSUs granted to Todd Burrowes dated July 29, 2026
Stock options granted
5,890.0000 shares
Options on Darden common stock granted July 29, 2026
Option exercise price
$212.2300 per share
Exercise price for 5,890 stock options granted to Todd Burrowes
Option expiration date
July 29, 2036
Expiration of stock options granted on July 29, 2026
RSU conversion date
July 29, 2029
Date 1,997 RSUs convert one-for-one into common stock
Common shares held after awards
50,741.2830 shares
Direct Darden common stock holdings for Todd Burrowes following reported awards
Key Terms
Restricted stock units, Employee Stock Purchase Plan, dividend reinvestment feature, vests in two equal annual installments
4 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.
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."
vests in two equal annual installments financial
"This option vests in two equal annual installments beginning on July 29, 2029."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Todd Burrowes receive from Darden Restaurants (DRI)?
Todd Burrowes received 1,997 restricted stock units and stock options on 5,890 common shares. The RSUs convert one-for-one into common stock, while the options have an exercise price of $212.23 per share and expire July 29, 2036.
What is the exercise price and term of the new DRI stock options granted to Todd Burrowes?
The stock options have an exercise price of $212.23 per share and expire on July 29, 2036. They cover 5,890 shares of Darden common stock and vest in two equal annual installments beginning July 29, 2029.
When do Todd Burrowes’ restricted stock units from Darden Restaurants (DRI) convert to common stock?
The 1,997 restricted stock units granted to Todd Burrowes are set to convert into Darden common stock on a one-for-one basis on July 29, 2029, providing future share delivery tied to continued service or plan terms.
Were Todd Burrowes’ Darden (DRI) equity transactions reported under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, indicating these reported equity awards were not disclosed as made pursuant to a Rule 10b5-1 plan based on the document-level election.