Darden (DRI) Director Juliana Chugg Converts 886 RSUs to Shares

What Happened
Juliana L. Chugg, a Director of Darden Restaurants, had 886 restricted stock units (RSUs) convert into 886 shares of common stock on September 17, 2026. The filing shows an acquisition at $0.00 (reflecting conversion of RSUs rather than a purchase) and a corresponding derivative disposition entry for the same 886 shares.

Key Details

• Transaction date: 2026-09-17; Form 4 filed 2026-09-18 (appears timely).
• Reported transactions: Exercise/conversion of a derivative (code M) — 886 shares acquired @ $0.00; 886-share derivative disposition reported as N/A.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 — RSUs convert into common stock on a one-for-one basis. F2 — RSUs vest on the earlier of one year from grant or the next annual shareholders’ meeting.
• Remarks file: chugg2026poa.txt (POA noted).

Context
This transaction is a routine RSU conversion/settlement (compensation vesting), not an open-market purchase or sale. The $0.00 acquisition price reflects conversion rather than cash paid; no tax-withholding or immediate sale of the resulting shares is reported in the provided data. Such vesting events are common and do not, by themselves, indicate insider buying or selling intent.