Darden (DRI) Director Simon William S Converts 886 RSUs to Shares

What Happened

• Simon William S, a director of Darden Restaurants (DRI), had 886 restricted stock units (RSUs) convert into 886 shares of common stock on 2026-09-17. The Form 4 records an acquisition of 886 shares at $0.00 (no cash paid) and a corresponding derivative conversion/disposition entry for 886 RSUs (transaction code M).

Key Details

• Transaction date: 2026-09-17; Form 4 filed 2026-09-18 (appears timely).
• Acquired: 886 shares at $0.00 (conversion of RSUs). Disposed: 886 derivative units (N/A price) — this reflects the RSUs being converted/terminated.
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnotes: F1—RSUs convert one-for-one into common stock. F2—Those RSUs vest on the earlier of one year from grant or the next annual shareholders’ meeting.
• No separate sale, market purchase, tax-withholding, or 10b5-1 plan is reported in this filing.

Context

• This was a non-cash RSU conversion/vesting event (not an open-market buy or sale). Such conversions increase the insider’s recorded common shares but do not by themselves signal a bullish or bearish trade, especially absent an immediate sale. If any shares were later sold or withheld for taxes, that would be reported separately.