4/A: Darden Restaurants Director Charles Sonsteby Corrects Stock Unit Filing

Charles Sonsteby, a director at Darden Restaurants, amended a previous filing to correct the number of restricted stock units (RSUs) granted.

Summary

• Director Charles M. Sonsteby filed an amended Form 4/A with the SEC regarding changes in beneficial ownership of Darden Restaurants Inc. stock.
• The amendment corrects an administrative error in the number of Restricted Stock Units (RSUs) reported in the original filing.
• On September 20, 2023, Sonsteby was granted 1,171 Restricted Stock Units (RSUs) that convert into common stock on a one-for-one basis.
• The RSUs vest on the earlier of one year from the grant date or the date of the next annual meeting of shareholders.
• Following the reported transaction, Sonsteby directly owns 1,171 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The correction of an error is neutral to slightly positive, suggesting attention to detail.

Future Outlook

The RSUs will vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Key Dates