WILMOTT TIMOTHY J 4

What Happened Timothy J. Wilmott, a director of Darden Restaurants, was granted 152 restricted stock units (RSUs) on February 22, 2026. The Form 4 reports the acquisition price as $0 (an awarded derivative grant). The RSUs convert one-for-one into common shares when delivered; under the reporting footnote, vested shares will be delivered upon the reporting person's termination of service as a director.

Key Details

• Transaction date: 2026-02-22; Form 4 filed 2026-02-24 (filed two days after the grant).
• Security/transaction: 152 RSUs (derivative award), reported acquisition price $0.
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: The award includes director compensation covering FY19–FY26.
  • F2: RSUs convert into common stock on a one-for-one basis.
  • F3: Wilmott elected to take his quarterly cash retainer as RSUs; vested shares are to be delivered upon termination of service.
• Remarks reference: wilmott2025v2poa.txt (listed in the filing; no additional trading detail).

Context This is a compensation award to a director rather than an open-market purchase or sale. Awards like RSUs involve no immediate cash outlay by the director and typically reflect routine director compensation elections (here, electing cash retainer in RSUs). Such grants are administrative/compensation events and do not by themselves indicate a buy or sell signal about the company.