Darden (DRI) Group Pres Todd Burrowes Receives Equity Awards

What Happened
Todd Burrowes, Group President (and President, Chuy's) at Darden Restaurants (DRI), was granted two equity awards on July 29, 2026 totaling 7,887 derivative shares (1,997 and 5,890). Both awards are reported at $0 per share (typical for restricted stock units or option/grant awards) rather than open‑market purchases or sales.

Key Details

• Transaction date: 2026-07-29; Form 4 filed 2026-07-30 (timely filing).
• Awards: 1,997 shares and 5,890 shares; combined total = 7,887 derivative shares. Reported price/value: $0.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes in the filing:
  • F1: May include shares tied to the Employee Stock Purchase Plan and dividend reinvestment feature.
  • F2: Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
  • F3: At least one award has a vesting schedule—an option that vests in two equal annual installments beginning July 29, 2029.
• Transaction type: Grant/Award (code A) — not a sale or open‑market purchase.

Context
These grants are equity awards (derivatives) rather than cash purchases. RSUs typically convert to common shares 1:1 when vested, and options/awards with vesting schedules may not result in immediately tradable shares. Awards reported at $0 reflect grants made to the executive, not a paid purchase; they can be subject to vesting and forfeiture, so they do not necessarily signal immediate insider buying or selling.