Darden (DRI) Director Daryl Kenningham Receives 936 RSU Award

What Happened

• Daryl Kenningham, a director of Darden Restaurants, received an award of 936 restricted stock units (RSUs) on 2026-09-23. The award was reported as a derivative acquisition at an acquisition price of $0. The filing does not state a cash value — RSUs represent the right to receive one share of common stock per unit when they vest.

Key Details

• Transaction date: 2026-09-23 (reported on Form 4 filed 2026-09-25).
• Amount and type: 936 RSUs granted (derivative award, transaction code A).
• Acquisition price: $0 per RSU (typical for compensation awards).
• Vesting/conversion: RSUs convert into common stock on a one-for-one basis (Footnote F1). Vesting occurs on the earlier of one year from grant or the date of the next annual shareholders’ meeting (Footnote F2).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Filing timeliness: Form 4 was filed two days after the grant date; this is within the typical two-business-day reporting window.

Context

• RSU grants are a common form of director compensation and are generally considered compensation rather than an outright purchase or sale. They do not by themselves signal buying or selling intent until/if shares are actually received and sold.