Darden (DRI) Director James P. Fogarty Receives RSU Award

What Happened

• James P. Fogarty, a director of Darden Restaurants, was granted 936 restricted stock units (RSUs) on September 23, 2026. The grant is reported as an award (transaction code A) and shows an acquisition price of $0.00 (i.e., a compensation award, not a purchase).
• These RSUs are derivative awards that convert into common shares on a one-for-one basis upon vesting. This is a compensation award rather than a buy or sell transaction and does not by itself indicate the insider is buying or selling shares.

Key Details

• Transaction date: 2026-09-23; Form 4 filed: 2026-09-25 (appears timely; Form 4s are generally due within two business days).
• Grant: 936 RSUs; reported price: $0.00 (compensation grant).
• Shares owned after transaction: not stated in the provided filing excerpt.
• Footnotes: F1 — RSUs convert to common stock 1:1; F2 — RSUs vest on the earlier of one year from grant or the date of the next annual shareholders’ meeting.
• No 10b5-1 plan, tax withholding, or sale associated with this entry is indicated in the provided details.

Context

• RSU awards are common executive/director compensation that become shares only when vested; vesting and conversion determine when these become actual tradable shares.
• Such grants are routine for aligning management/directors with shareholder interests; they are informative about compensation but do not necessarily signal immediate insider buying or selling intent.