A Statement of Changes in Beneficial Ownership was filed on September 1, 2026, disclosing that Daryl Kenningham, a director of Darden Restaurants Inc, acquired and converted 150 restricted stock units into common stock on August 30, 2026.

Key Highlights

  • Reporting person: Daryl Kenningham, listed as a Director of Darden Restaurants Inc (NYSE:DRI).
  • Transaction date: August 30, 2026, with the filing submitted September 1, 2026.
  • Units acquired: 150 Restricted Stock Units (FY26 Director Compensation) acquired at a price of $0.0000, settling immediately into common stock.
  • Conversion: According to the filing, restricted stock units convert into common stock on a one-for-one basis, with the 150 units converting at a price of $0.
  • Post-transaction ownership: Following the reported transaction, Kenningham directly beneficially owned 1,924 shares of common stock.
  • Retainer election: The filing states the reporting person elected to receive all of the quarterly cash retainer for serving as a director in the form of restricted stock units, which settle immediately.

Kenningham's Director Compensation Election at Darden Restaurants

Darden Restaurants Inc, the issuer identified in the filing, is the registrant whose common stock trades on the New York Stock Exchange under the symbol DRI. According to the filing, Daryl Kenningham holds the role of Director and has no reported 10% ownership stake or officer title. The transaction reported covers activity occurring on August 30, 2026, the date of earliest transaction noted in the form.

The filing discloses two related entries in Table II covering derivative securities. First, 150 Restricted Stock Units labeled as "FY26 Director Compensation" were acquired (transaction code A) at a conversion price listed as $0.0000, with both the date exercisable and expiration date recorded as August 30, 2026. Second, those same 150 units were converted to common stock (transaction code M) on the same date at a price of $0.0000. The filing notes that these units include FY26 and FY27 director compensation components, and that Kenningham elected to take all of the quarterly cash retainer in restricted stock unit form, settling immediately rather than receiving cash.

In Table I, the non-derivative securities section records the acquisition of 150 shares of common stock (transaction code M, acquired) at a price of $0, consistent with the one-for-one conversion described in the filing's explanatory notes. Following all reported transactions, Kenningham's direct beneficial ownership in Darden Restaurants common stock stood at 1,924 shares. The form was signed by Noni Holmes-Kidd, identified as attorney-in-fact for Kenningham, Daryl A., on September 1, 2026.

What Was Disclosed

The filing reported that director Daryl Kenningham converted 150 restricted stock units into 150 shares of Darden Restaurants common stock on August 30, 2026, at no cost, through a quarterly retainer election, bringing his direct beneficial ownership to 1,924 shares.