Darden director converts 886 RSUs to shares
DARDEN RESTAURANTS INC (DRI) director William S. Simon reported the exercise and conversion of 886 Restricted Stock Units from his FY26 director annual grant into 886 shares of common stock on September 17, 2026.
Rhea-AI Filing Summary
DARDEN RESTAURANTS INC (DRI) director William S. Simon reported the exercise and conversion of 886 Restricted Stock Units from his FY26 director annual grant into 886 shares of common stock on September 17, 2026. Following this one-for-one RSU-to-share conversion, he directly holds 7,167 shares of Darden common stock. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
886 shares exercised/converted
Exercise
2 txns
Insider
Simon William S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (FY26 Director Annual Grant) F1, F2 | 886 | -- | -- |
| Exercise | Common Stock F1 | 886 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (FY26 Director Annual Grant) — 0 contracts (Direct);
Common Stock — 7,167 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders.
Key Figures
RSUs exercised and converted: 886 units
Common shares acquired via conversion: 886 shares
Shares owned after transaction: 7,167 shares
+1 more
4 metrics
RSUs exercised and converted
886 units
Restricted Stock Units (FY26 Director Annual Grant) converted to common stock on September 17, 2026
Common shares acquired via conversion
886 shares
One-for-one conversion of RSUs into Darden common stock
Shares owned after transaction
7,167 shares
Directly owned Darden common stock by William S. Simon following the reported transactions
Per-share transaction price reported
$0.00 per share
Common stock received on conversion of RSUs on September 17, 2026
Key Terms
Restricted Stock Units, derivative security, Rule 10b5-1, vest
4 terms
Restricted Stock Units financial
"Restricted Stock Units (FY26 Director Annual Grant) convert into common stock"
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.
derivative security financial
"Exercise or conversion of derivative security reported for the RSUs"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
vest financial
"The RSUs vest on the first to occur of one year from date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DRI director William S. Simon report?
He reported exercising and converting 886 Restricted Stock Units from his FY26 director annual grant into 886 shares of Darden common stock on September 17, 2026, increasing his directly held common shares.
What type of equity award did William S. Simon convert into DRI common stock?
He converted Restricted Stock Units (FY26 Director Annual Grant) into Darden common stock on a one-for-one basis, as stated in the footnotes.
Were William S. Simon’s DRI transactions under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 plan is reported for these September 17, 2026 transactions.
When do William S. Simon’s DRI RSUs vest according to the filing?
The footnotes state the RSUs vest on the first to occur of one year from the date of grant and the date of the next annual meeting of shareholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
