Kiernan Daniel J. - Jul 25, 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Jessica P. Lange, Attorney-in-fact for Kiernan, Daniel J.
Stock symbol
DRI
Transactions as of
Jul 25, 2021
Transactions value $
-$278,490
Form type
4
Date filed
7/27/2021, 05:34 PM
Previous filing
Jun 24, 2021
Next filing
Jul 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +2.03K +21.37% $0.00 11.5K Jul 25, 2021 Direct F1
transaction DRI Common Stock Options Exercise $0 +1.82K +15.8% $0.00 13.4K Jul 25, 2021 Direct F2
transaction DRI Common Stock Tax liability -$104K -718 -5.37% $144.52 12.7K Jul 25, 2021 Direct
transaction DRI Common Stock Tax liability -$116K -801 -6.33% $144.52 11.9K Jul 25, 2021 Direct
transaction DRI Common Stock Options Exercise $0 +1.04K +8.74% $0.00 12.9K Jul 26, 2021 Direct F1
transaction DRI Common Stock Tax liability -$59K -408 -3.17% $144.52 12.5K Jul 26, 2021 Direct
holding DRI Common Stock 130 Jul 25, 2021 By 401k and Spouse's 401k F3

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 -2.03K -51.26% $0.00 1.93K Jul 25, 2021 Common Stock 2.03K Direct F1, F4, F5
transaction DRI Restricted Stock Units (FY19 Annual Grant) Options Exercise $0 -1.82K -100% $0.00* 0 Jul 25, 2021 Common Stock 1.82K Direct F2
transaction DRI Performance Restricted Stock Units (FY18) Options Exercise $0 -1.04K -100% $0.00* 0 Jul 26, 2021 Common Stock 1.04K Direct F1, F6, F7
* 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 Represents holdings in the unitized Darden stock fund under the company's 401k plan for both the reporting person and the reporting person's spouse as of plan statements dated May 31, 2021. 94.0977 shares are ownedby the reporting person's spouse's 401k. The reporting person disclaims beneficial ownership of these shares.
F4 Includes 100 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.
F5 This grant vests in two equal installments beginning on July 25, 2021.
F6 Includes 68 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.
F7 This grant vested in two equal installations beginning on July 26, 2020.