Darden Restaurants Director Timothy Wilmott Receives RSUs in Lieu of Cash Retainer
DARDEN RESTAURANTS INC
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Filing Summary
📋 Form 4 Filing: DARDEN RESTAURANTS INC ($DRI) Insider: WILMOTT TIMOTHY J (Director) Transaction Date: 2026-08-30 Type: Acquisition (Award) | Shares: 153 RSUs @ $0.00 Post-Transaction Holdings: 6,337 RSUs (Direct) | 27,094 Common Shares (Indirect via Trust) Notes: Elective receipt of quarterly director cash retainer in the form of restricted stock units.
Comprehensive Analysis
Executive Summary
On September 1, 2026, Darden Restaurants, Inc. ($DRI) reported a Form 4 transaction for Director Timothy J. Wilmott. On August 30, 2026, Wilmott acquired 153 Restricted Stock Units (RSUs) at $0.00 per unit in lieu of his quarterly cash board retainer.
Transaction Breakdown
- Security: Restricted Stock Units (convertible 1-for-1 into Common Stock)
- Transaction Code:
A(Grant/Award) - Shares Acquired: 153 RSUs
- Price: $0.00 (Standard director compensation election)
- Post-Transaction Holdings:
- Direct (RSUs): 6,337 units
- Indirect (Common Stock via Trust): 27,094 shares
Strategic Context & Significance
This transaction represents routine board compensation where the director elected to receive RSUs instead of quarterly cash fees. Vested shares will be distributed upon termination of board service. Because this is a standard compensation election and does not involve open-market purchasing or selling, it carries Low market/trading significance.
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