Sarah H. King - 25 Jul 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, Chief People Officer
Signature
Jessica P. Lange, Attorney-in-fact for King, Sarah H.
Issuer symbol
DRI
Transactions as of
25 Jul 2021
Net transactions value
-$227,185
Form type
4
Filing time
27 Jul 2021, 17:34:56 UTC
Previous filing
24 Jun 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 +1,597 +37% $0.000000 5,907 25 Jul 2021 Direct F1
transaction DRI Common Stock Options Exercise $0 +1,433 +24% $0.000000 7,340 25 Jul 2021 Direct F2
transaction DRI Common Stock Tax liability $64,311 -445 -6.1% $144.52 6,895 25 Jul 2021 Direct
transaction DRI Common Stock Tax liability $81,509 -564 -8.2% $144.52 6,331 25 Jul 2021 Direct
transaction DRI Common Stock Options Exercise $0 +2,219 +35% $0.000000 8,550 26 Jul 2021 Direct F1
transaction DRI Common Stock Tax liability $81,365 -563 -6.6% $144.52 7,987 26 Jul 2021 Direct
holding DRI Common Stock 0 25 Jul 2021 By Son 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 -1,597 -51% $0.000000 1,519 25 Jul 2021 Common Stock 1,597 Direct F1, F4, F5
transaction DRI Restricted Stock Units (FY19 Annual Grant) Options Exercise $0 -1,433 -100% $0.000000* 0 25 Jul 2021 Common Stock 1,433 Direct F2
transaction DRI Performance Restricted Stock Units (FY18) Options Exercise $0 -2,219 -100% $0.000000* 0 26 Jul 2021 Common Stock 2,219 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 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 orfor any other purpose.
F4 Includes 79 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 146 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 installments beginning on July 26, 2020.