Todd Burrowes - 25 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
25 Jul 2021
Net transactions value
-$465,210
Form type
4
Filing time
27 Jul 2021, 17:33:59 UTC
Previous filing
16 Jul 2021
Next filing
30 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 $0 +2,906 +8.7% $0.000000 36,383 25 Jul 2021 Direct F1
transaction DRI Common Stock Options Exercise $0 +2,606 +7.2% $0.000000 38,989 25 Jul 2021 Direct F2
transaction DRI Common Stock Tax liability $148,278 -1,026 -2.6% $144.52 37,963 25 Jul 2021 Direct
transaction DRI Common Stock Tax liability $165,331 -1,144 -3% $144.52 36,819 25 Jul 2021 Direct
transaction DRI Common Stock Options Exercise $0 +2,663 +7.2% $0.000000 39,482 26 Jul 2021 Direct F1
transaction DRI Common Stock Tax liability $151,601 -1,049 -2.7% $144.52 38,433 26 Jul 2021 Direct

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 Performance Restricted Stock Units (FY19) Options Exercise $0 -2,906 -51% $0.000000 2,762 25 Jul 2021 Common Stock 2,906 Direct F1, F3, F4
transaction DRI Restricted Stock Units (FY19 Annual Grant) Options Exercise $0 -2,606 -100% $0.000000* 0 25 Jul 2021 Common Stock 2,606 Direct F2
transaction DRI Performance Restricted Stock Units (FY18) Options Exercise $0 -2,663 -100% $0.000000* 0 26 Jul 2021 Common Stock 2,663 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance restricted stock units convert into common stock on a one-for-one basis.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Includes 144 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement. Fractional shares are settled in cash pursuant to the terms of the award agreement.
F4 This grant vests in two equal annual installments beginning on July 25, 2021.
F5 Includes 175 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement. Fractional shares are settled in cash pursuant to the terms of the award agreement.
F6 This grant vested in two equal installments beginning on July 26, 2020.