Darden (DRI) SVP John W. Madonna Receives 2,465-Share Award

What Happened John W. Madonna, Senior Vice President and Corporate Controller of Darden Restaurants (DRI), received two equity awards on July 29, 2026: 624 shares and 1,841 shares, both recorded as derivative acquisitions at $0.00 per share (totaling 2,465 shares). These were compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-07-29; Transaction type: Award/Grant (code A); Price: $0.00 per share.
• Shares awarded: 624 and 1,841 (total 2,465 derivative shares).
• Shares owned after the transaction: Not provided in the supplied excerpt of the filing. See the full Form 4 for total beneficial ownership.
• Relevant footnotes:
  • F1: Some shares were acquired pursuant to the Employee Stock Purchase Plan (including dividend reinvestment).
  • F2: Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
  • F3: Notes an option vesting schedule (two equal annual installments beginning July 29, 2029) — this appears informational and is not the primary grant reported here.
• Filing date: 2026-07-30 for a 2026-07-29 transaction — appears timely (no late-filing flag noted).

Context

• These awards are compensation-related derivative grants (e.g., RSUs/ESPP-related shares) and are routine for executives and senior officers; they do not represent an open-market buy or sell.
• For retail investors, compensation grants are primarily a retention/compensation signal rather than a direct endorsement or rejection of the stock; they should be interpreted differently than insider purchases or sales.
• If you need exact post-grant ownership or potential vesting/sale restrictions, check the full Form 4 and any related equity plan documents filed with the company.