Burrowes Todd 4

What Happened Todd Burrowes, Group President and President of Chuy's at Darden Restaurants (DRI), was credited with 4,650 performance-based restricted stock units (PSUs) on 2026-06-23. The award is recorded as an acquisition (derivative) at $0.00 — these PSUs were earned based on the applicable performance criteria and do not represent immediately issued common shares or cash.

Key Details

• Transaction date: June 23, 2026; Form 4 filed June 25, 2026 (timely filing).
• Award: 4,650 PSUs recorded at $0.00 (derivative award).
• Conversion: PSUs convert into common stock on a one-for-one basis upon vesting (per filing).
• Vesting schedule: The earned PSUs vest in two equal annual installments beginning July 26, 2026.
• Performance basis: These were target PSUs granted July 26, 2023 and earned based on relative total shareholder return vs. a comparison group through May 31, 2026.
• Shares owned after transaction: Not specified in the Form 4.
• Remarks/attachment: burrowes2026poa.txt included in the filing.

Context This was a performance-based compensation award (A = Award/Acquisition, derivative), not an open-market purchase or sale. Because the PSUs are earned but subject to future time-based vesting, they represent deferred equity compensation rather than immediate stock ownership or liquidity. For retail investors, such awards signal executive compensation tied to multi-year performance goals but do not directly alter share float until the PSUs convert and vest.