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DARDEN RESTAURANTS INC·4

Jun 25, 1:24 PM ET

Madonna John W. 4

4 · DARDEN RESTAURANTS INC · Filed Jun 25, 2026

Research Summary

AI-generated summary of this filing

Updated

Darden (DRI) SVP John W. Madonna Receives Award of 1,394 Shares

What Happened

John W. Madonna, Senior Vice President and Corporate Controller of Darden Restaurants (DRI), was granted 1,394 performance-based restricted stock units (PSUs) on June 23, 2026. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (no cash paid). The Compensation Committee determined final performance results and certified 1,394 PSUs as earned under the applicable award agreement.

Key Details

  • Transaction date: June 23, 2026; filing date: June 25, 2026 (timely filing).
  • Instrument: 1,394 PSUs (derivative award), reported price $0.00; value listed as $0 on the Form 4.
  • Conversion: PSUs convert to common stock on a one-for-one basis when settled (per footnote).
  • Vesting: The award vests in two equal annual installments beginning July 26, 2026.
  • Background: The original target award was granted July 26, 2023; final earned units reflect the performance period through May 31, 2026.
  • Remarks on the filing: "madonna2026poa.txt" noted on the Form 4.

Context

This is a performance-based equity award (not an open-market purchase or sale). PSUs award future shares contingent on performance; they are derivative grants that will convert into common stock if/when settled. Such awards are routine compensation for executives and do not represent an immediate cash transaction.

Insider Transaction Report

Form 4
Period: 2026-06-23
DARDEN RESTAURANTS INCDRI
Madonna John W.
SVP, Corporate Controller
Transactions
  • Award

    Performance Restricted Stock Units (FY24)

    [F2][F3][F4][F5]
    2026-06-23+1,394→ 1,394 total
    Exp: 2027-07-26→ Common Stock (1,394 underlying)
Holdings

  • Common Stock

    [F1]
    9,183.85
Footnotes (5)
  • [F1]Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
  • [F2]On July 26, 2023, the Reporting Person was awarded 1,354 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (relative total shareholder return as compared to a selected comparison group) from July 26, 2023 through May 31, 2026.
  • [F3]Performance restricted stock units convert into common stock on a one-for-one basis.
  • [F4]On June 23, 2026, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 1,394 PSUs being earned in accordance with the provisions of the applicable award agreement.
  • [F5]This grant vests in two equal annual installments beginning on July 26, 2026.
Signature
A. Noni Holmes-Kidd, Attorney-in-fact for Madonna, John W.|2026-06-25

Documents

2 files