Darden Director James Fogarty Receives 886 Shares via RSU Conversion

What Happened

• James P. Fogarty, a director of Darden Restaurants (DRI), had 886 restricted stock units convert into 886 common shares on 2026-09-17. The Form 4 reports the shares acquired at $0.00 (total reported cost $0) and also lists the corresponding derivative (the RSUs) as disposed/converted.

Key Details

• Transaction date: 2026-09-17; Form 4 filed 2026-09-18 (filed the next day, appears timely).
• Acquired: 886 shares at $0.00 per share (conversion of RSUs). Disposed: 886 derivative units (conversion/settlement).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 notes RSUs convert one-for-one into common stock; F2 states the RSUs vest on the earlier of one year from grant or the next annual shareholders meeting.
• Remarks file: fogarty2026poa.txt (indicates a power of attorney was used for the filing).

Context

• This was not an open-market purchase or a sale; it reflects the vesting/conversion of RSUs into common shares (a routine corporate compensation event). The filing shows no immediate sale or tax-withholding sale of the shares.