Darden Restaurants Director Acquires 150 Shares via Retainer Conversion
DARDEN RESTAURANTS INC
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Filing Summary
📊 Form 4 Filing: DARDEN RESTAURANTS INC ($DRI) Insider: Kenningham Daryl (Director) Type: RSU Settlement / Acquisition Shares: 150 @ $0.00 Shares Owned After: 1,924 Significance: Low (Quarterly Director Retainer)
Comprehensive Analysis
Overview
On August 30, 2026, Daryl Kenningham, a member of the Board of Directors of Darden Restaurants Inc ($DRI), acquired 150 shares of common stock at $0 per share through the grant and immediate settlement of restricted stock units (RSUs).
Transaction Details
- Security: Common Stock
- Shares Transacted: 150 shares acquired
- Transaction Code: 'M' (Settlement of derivative security)
- Post-Transaction Holdings: 1,924 direct shares
- Context: The reporting person elected to receive their quarterly director cash retainer in the form of RSUs that convert immediately into common stock on a 1-for-1 basis.
Market & Trading Significance
This transaction carries Low trading significance. It represents standard director compensation practices where quarterly board retainers are elected in equity rather than cash, reflecting ongoing alignment with shareholders rather than a discretionary open-market purchase or sale.
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