Form 4: Darden Restaurants Executive Laura B. Williamson Reports Stock Transactions
SEC Form 4 Filing
Laura B. Williamson, President of LongHorn Steakhouse, reports transactions involving Darden Restaurants Inc. stock, including the conversion of restricted stock units and stock dispositions to cover tax obligations.
Summary
- On July 28, 2024, Laura B. Williamson, President of LongHorn Steakhouse, reported several transactions involving Darden Restaurants Inc. (DRI) stock.
- These transactions include the conversion of performance-based restricted stock units (PRSUs) and restricted stock units (RSUs) into common stock.
- She converted 452 FY22 PRSUs and 341 FY22 annual grant RSUs into common stock.
- Additionally, 181 FY22 PRSUs and 136 FY22 annual grant RSUs held by her spouse were converted into common stock.
- She also disposed of shares to satisfy tax obligations, with 84 shares disposed of at a price of $142.27, as well as 111 shares disposed of at a price of $142.27.
- Her spouse disposed of 34 shares at $142.27 and 45 shares at $142.27 to cover tax obligations.
- Following these transactions, Williamson directly owns 10,661.745 shares of Darden Restaurants Inc. common stock and indirectly owns 5,581.167 shares through her spouse and 881.6087 shares through her 401k.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency.
- The transactions reported are typical for executives who receive stock-based compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 07/28/2024 | Date of earliest transaction and all reported transactions. |
| 07/28/2025 | Expiration date for Performance Restricted Stock Units (FY22). |
| 07/30/2024 | Date of signature by Attorney-in-fact. |
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