Form 4: Darden Restaurants Director James P. Fogarty Reports Stock Transactions

Director James P. Fogarty reports acquisition and disposal of Darden Restaurants (DRI) stock and restricted stock units.

Summary

• On September 18, 2024, James P. Fogarty, a director of Darden Restaurants Inc. (DRI), reported transactions involving the company's stock.
• Fogarty acquired 1,171 shares of common stock upon the conversion of restricted stock units (RSUs) at a price of $0.
• Following this transaction, Fogarty disposed of 25,386 shares.
• Fogarty also acquired 1,162 restricted stock units (FY25 Director Annual Grant) which convert into common stock on a one-for-one basis.
• These RSUs vest on the earlier of one year from the grant date or the date of the next annual meeting of shareholders.
• After these transactions, Fogarty directly owns 1,162 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates