4//SEC Filing
SONSTEBY CHARLES M 4
Accession 0001225208-25-000482
CIK 0000940944other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 6:05 PM ET
Size
11.6 KB
Accession
0001225208-25-000482
Insider Transaction Report
Form 4
SONSTEBY CHARLES M
Director
Transactions
- Exercise/Conversion
Restricted Stock Units (FY15 Director Compensation)
2025-01-05−1,594→ 1,052 total→ Common Stock (1,594 underlying) - Exercise/Conversion
Common Stock
2025-01-05+1,818→ 28,354 total - Exercise/Conversion
Common Stock
2025-01-05+1,594→ 29,948 total - Exercise/Conversion
Restricted Stock Units
2025-01-05−1,818→ 531 total→ Common Stock (1,818 underlying)
Footnotes (6)
- [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. The Reporting Person elected to defer settlement of the RSUs until the earlier of (i) the Reporting Person's termination of service from the Board and (ii) 01/05/2025.
- [F3]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).
- [F4]Contains FY15 and FY16 Director Compensation
- [F5]Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
- [F6]The Reporting Person elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units for which vested shares will be delivered to the Reporting Person on the first to occur of (i) the Reporting Person's termination of service as a director or (ii) 1/5/2025.
Documents
Issuer
DARDEN RESTAURANTS INC
CIK 0000940944
Entity typeother
Related Parties
1- filerCIK 0001186383
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 6:05 PM ET
- Size
- 11.6 KB