Richard L. Renninger - 07 Jul 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, Chief Development Officer
Signature
Jessica P. Lange, Attorney-in-fact for RENNINGER, RICHARD L.
Issuer symbol
DRI
Transactions as of
07 Jul 2021
Net transactions value
-$807,904
Form type
4
Filing time
09 Jul 2021, 11:09:13 UTC
Previous filing
24 Jun 2021
Next filing
27 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $537,120 +9,000 +51% $59.68 26,659 07 Jul 2021 Direct
transaction DRI Common Stock Sale $1,345,024 -9,000 -34% $149.45 17,659 07 Jul 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -9,000 -48% $0.000000 9,578 07 Jul 2021 Common Stock 9,000 $59.68 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $149.30 to $149.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This option vested in two equal annual installments beginning on July 27, 2019.