Todd Burrowes - 14 Jul 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, LongHorn Steakhouse
Signature
Jessica P. Lange, Attorney-in-fact for Burrowes, Todd
Issuer symbol
DRI
Transactions as of
14 Jul 2021
Net transactions value
-$396,926
Form type
4
Filing time
16 Jul 2021, 11:21:52 UTC
Previous filing
14 Jul 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 $161,136 +2,700 +8.1% $59.68 36,177 14 Jul 2021 Direct
transaction DRI Common Stock Options Exercise $117,036 +1,800 +5% $65.02 37,977 14 Jul 2021 Direct
transaction DRI Common Stock Sale $270,043 -1,800 -4.7% $150.02 36,177 14 Jul 2021 Direct F1, F2
transaction DRI Common Stock Sale $405,055 -2,700 -7.5% $150.02 33,477 14 Jul 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 -2,700 -18% $0.000000 12,414 14 Jul 2021 Common Stock 2,700 $59.68 Direct F3
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -1,800 -16% $0.000000 9,743 14 Jul 2021 Common Stock 1,800 $65.02 Direct F4
* 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 January 28, 2021.
F2 This transaction was executed in multiple trades at prices ranging from $150.00 to $150.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide uponrequest 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 July 27, 2019.
F4 This option vested in two equal annual installments beginning on July 29, 2018.