Kenningham Daryl 4

What Happened

• Daryl Kenningham, a director of Darden Restaurants (DRI), was granted 159 restricted stock units (RSUs) that converted into 159 common shares on 2026-05-31. The filing also reports a simultaneous disposition of 159 shares. Each transaction shows $0.00 per share, indicating these were compensatory RSU settlements rather than open-market trades. The net effect reported is zero change in share count.

Key Details

• Transaction date: 2026-05-31
• Actions and codes: A (award/grant) — 159 RSUs granted; M (exercise/conversion) — 159 shares acquired via conversion; M (exercise/conversion) — 159 shares disposed
• Price/consideration: $0.00 per share for all reported transactions
• Shares owned after the transaction: not specified in the Form 4 filing
• Footnotes: F1 (RSUs convert 1:1 to common stock), F2 (includes FY26 director compensation), F3 (reporting person elected to take quarterly cash retainer in RSUs which settle immediately)
• Filing timeliness: Reported on 2026-06-02 for a 2026-05-31 transaction (filed within the standard two-business-day window)

Context

• This was an award/compensation settlement (not a market purchase or sale). RSU grants that settle immediately are common for director compensation and do not necessarily indicate buy/sell sentiment. The filing shows both the acquisition and a matching disposition of 159 shares, resulting in no meaningful net change in holdings according to the reported entries.