DARDEN RESTAURANTS INC 4

Ricardo Cardenas, President and CEO of Darden Restaurants Inc., had FY23–FY24 RSUs and performance RSUs vest into common stock and sold shares worth roughly $3.5 million at about $196.31 per share primarily to cover tax obligations, ending with about 106,189 directly owned shares.

On July 26–27, 2026, Darden Restaurants President and CEO Ricardo Cardenas had multiple equity-compensation–related transactions as performance RSUs and RSUs converted into common stock and a portion of the resulting shares were sold to cover tax withholding. On July 26, 2026, 11,624 common shares were acquired upon conversion of FY24 performance RSUs and 11,286 shares from the FY24 annual RSU grant, increasing direct holdings to 90,925.988 and 102,211.988 shares, respectively; on the same date, 4,442 and 4,575 shares were disposed of (coded "F") at $196.31 per share, consistent with shares withheld or sold for taxes, leaving 97,769.988 and then 93,194.988 shares. On July 27, 2026, 21,426 additional shares were acquired from FY23 performance RSUs, lifting holdings to 114,620.988 shares, followed by a further tax-related disposition of 8,432 shares at $196.31, resulting in 106,188.988 shares directly owned after all transactions. At the reference market price of about $212.23, Cardenas’s post-transaction stake is worth roughly $22.5 million, while the tax-withholding share sales totaled about $3.48 million in aggregate value, and the RSU/PRSU conversions delivered over $9 million in stock value, all indicative of scheduled vesting and not open-market insider buying or discretionary selling.

Filing Facts

CIK

940944

Ticker

DRI

Form

4

Source Type

sec

Accession

0001225208-26-006805

Alert Tier

5