DRI insider filing shows 531-share RSU settlement; ownership 22,474
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Darden Restaurants (DRI) reported an insider equity settlement. A Form 4 shows director Charles M. Sonsteby converted restricted stock units into common stock. On 11/11/2025, 531 shares were acquired at $0 per footnote, reflecting RSU settlement rather than an open-market purchase.
Following the transaction, Sonsteby beneficially owned 22,474 shares directly. The RSUs convert one-for-one into common stock, and the director had elected to defer settlement until 11/11/2025, consistent with the vesting terms described.
Positive
- None.
Negative
- None.
Insider Trade Summary
531 shares exercised/converted
Mixed
2 txns
Insider
SONSTEBY CHARLES M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 531 | $0.00 | -- |
| Exercise | Common Stock | 531 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 22,474 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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. The director elected to defer settlement until 11/11/2025. The number of restricted stock units was adjusted in connection with the spin-off (the Spin-Off) of Four Corners Property Trust, Inc. (FCPT) from Darden Restaurants, Inc. (Darden) on November 9, 2015. The adjustment reflects the product of (i) the number of shares subject to the restricted stock unit awards immediately prior to the Spin-Off and (ii) the ratio of (A) the pre-Spin-Off closing price on November 9, 2015 of Darden Common Stock (Darden Pre-Spin-Off Price) and (B) the difference between the Darden Pre-Spin-Off Price and the volume weighted average price of FCPT Common Stock trading on the NYSE on the trading day immediately following the distribution date (adjusted to reflect the Darden-to-FCPT pro rata share distribution ratio in the Spin-Off).
FAQ
What did Darden (DRI) disclose in this Form 4?
A director, Charles M. Sonsteby, settled restricted stock units into 531 shares of common stock on 11/11/2025.
What was the transaction code and what occurred?
The filing lists transaction code M, indicating a conversion of derivative securities (RSUs) into common stock totaling 531 shares.
What are the RSU terms mentioned?
RSUs convert one-for-one into common stock. Vesting occurs on the first of one year from grant or the next annual meeting; settlement was deferred until 11/11/2025.
Is there any historical adjustment to these RSUs?
Yes. The number of RSUs was adjusted in connection with the 2015 spin-off of Four Corners Property Trust, per the stated formula.