Kenningham Daryl 4

What Happened

• Daryl Kenningham, a director of Darden Restaurants, received 149 restricted stock units (RSUs) that converted into 149 common shares on Feb 22, 2026. The filing records grant/acquisition and conversion entries at $0.00, indicating these were compensation-related awards rather than open-market purchases or cash sales.

Key Details

• Transaction date: 2026-02-22; Filing date: 2026-02-24 (timely).
• Reported entries: Grant/award of 149 RSUs (A) and conversion/exercise entries (M) showing acquisition of 149 shares at $0.00 and a corresponding conversion/disposition entry at $0.00 (reflecting RSU settlement mechanics).
• Shares owned after the transaction: Not specified in the Form 4 provided.
• Footnotes: F1—RSUs convert one-for-one to common stock; F2—includes FY26 director compensation; F3—Kenningham elected to take his quarterly cash retainer in RSUs which settle immediately.
• Remarks reference: kenningham2025v2poa.txt.

Context

• This is a compensation-related award (director retainer taken in stock) rather than a market purchase or sale. RSU settlements for directors are routine and do not necessarily signal a personal market view. The derivative entries reflect conversion/settlement of RSUs into common shares.