Eugene I. Lee Jr - Jul 25, 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Chairman and CEO, Director
Signature
Jessica P. Lange, Attorney-in-fact for Lee, Eugene I. Jr.
Stock symbol
DRI
Transactions as of
Jul 25, 2021
Transactions value $
-$2,408,859
Form type
4
Date filed
7/27/2021, 05:35 PM
Previous filing
Jul 16, 2021
Next filing
Jul 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +14.5K +6.35% $0.00 243K Jul 25, 2021 Direct F1
transaction DRI Common Stock Options Exercise $0 +13K +5.36% $0.00 256K Jul 25, 2021 Direct F2
transaction DRI Common Stock Tax liability -$741K -5.13K -2% $144.52 251K Jul 25, 2021 Direct
transaction DRI Common Stock Tax liability -$827K -5.72K -2.28% $144.52 245K Jul 25, 2021 Direct
transaction DRI Common Stock Options Exercise $0 +14.8K +6.03% $0.00 260K Jul 26, 2021 Direct F1
transaction DRI Common Stock Tax liability -$841K -5.82K -2.24% $144.52 254K Jul 26, 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 -14.5K -51.27% $0.00 13.8K Jul 25, 2021 Common Stock 14.5K Direct F1, F3, F4
transaction DRI Restricted Stock Units (FY19 Annual Grant) Options Exercise $0 -13K -100% $0.00* 0 Jul 25, 2021 Common Stock 13K Direct F2
transaction DRI Performance Restricted Stock Units (FY18) Options Exercise $0 -14.8K -100% $0.00* 0 Jul 26, 2021 Common Stock 14.8K 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 720 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 award vests in two equal annual installments beginning on July 25, 2021.
F5 Includes 973 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 annual installments beginning on July 26, 2020.