Darden (DRI) Group Pres Todd Burrowes Converts RSUs, Net +6,417 Shares

What Happened

• Todd Burrowes, Group President (and President, Chuy's) at Darden Restaurants (DRI), had restricted/performance shares convert to common stock on July 26–27, 2026. He acquired 10,582 shares at $0.00 on conversion (2,325 + 2,257 on 7/26; 6,000 on 7/27). To satisfy tax withholding obligations, 4,165 shares were withheld/disposed at $196.31 per share for a total tax withholding of $817,632. Net shares received after withholding = 6,417.

Key Details

• Transaction dates: July 26, 2026 and July 27, 2026.
• Conversion specifics: 10,582 shares acquired at $0.00 (conversion/vesting of RSUs/PSUs; transaction code M).
• Tax withholding: 4,165 shares disposed at $196.31 each, total $817,632 (transaction code F).
• Footnotes: F1/F3 indicate performance- and restricted-stock units convert 1-for-1; F4/F5 reference the vesting schedules (installments beginning July 26–27, 2025/2026). F2 notes inclusion of ESPP/dividend reinvestment features where applicable.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Filing date: Form 4 filed 2026-07-29 for 7/26–7/27 transactions — appears to have been filed after the typical two-business-day deadline (may be marked late).

Context

• These were conversions/vesting events (derivative/RSU/PSU conversions), not open-market purchases or sales. The 4,165-share "disposition" reflects shares withheld to cover tax liability rather than an open-market sale, a common administrative step on vesting. This transaction is routine compensation-related activity rather than an outright sale signaling market view.