Form 4: Darden Restaurants Director William S. Simon Reports Stock Transactions

Director William S. Simon reports acquisition and disposal of Darden Restaurants (DRI) stock and restricted stock units on September 18, 2024.

Summary

• On September 18, 2024, William S. Simon, a director of Darden Restaurants Inc. (DRI), reported transactions involving the company's stock.
• Simon acquired 1,171 shares of common stock upon the vesting of restricted stock units (RSUs) at a price of $0.
• Following the transaction, Simon directly owns 7,452 shares of Darden Restaurants Inc.
• Simon also acquired 1,162 restricted stock units (FY25 Director Annual Grant) that 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.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The RSUs 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

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for directors and officers to receive and trade company stock as part of their compensation.

Stakeholder Impact

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

Key Dates