Cardenas Ricardo - Jul 12, 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President and COO
Signature
Jessica P. Lange, Attorney-in-fact for Cardenas, Ricardo
Stock symbol
DRI
Transactions as of
Jul 12, 2021
Transactions value $
-$497,382
Form type
4
Date filed
7/14/2021, 01:36 PM
Previous filing
Jul 9, 2021
Next filing
Jul 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $243K +4.94K +13.57% $49.25 41.3K Jul 12, 2021 Direct
transaction DRI Common Stock Sale -$740K -4.94K -11.95% $150.02 36.4K Jul 12, 2021 Direct F1, F2

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 -4.94K -18.81% $0.00 21.3K Jul 12, 2021 Common Stock 4.94K $49.25 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2021.
F2 This transaction was executed in multiple trades at prices ranging from $150.00 to $150.10. 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.
F3 This option vested in two equal annual installments beginning on November 17, 2017.