Vennam Rajesh - Jul 25, 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, CFO and Treasurer
Signature
Jessica P. Lange, Attorney-in-fact for Vennam, Rajesh
Stock symbol
DRI
Transactions as of
Jul 25, 2021
Transactions value $
-$59,976
Form type
4
Date filed
7/27/2021, 05:46 PM
Previous filing
Jun 24, 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 +580 +34.3% $0.00 2.27K Jul 25, 2021 Direct F1
transaction DRI Common Stock Options Exercise $0 +521 +22.94% $0.00 2.79K Jul 25, 2021 Direct F2
transaction DRI Common Stock Tax liability -$18.4K -127 -4.55% $144.52 2.67K Jul 25, 2021 Direct
transaction DRI Common Stock Tax liability -$20.7K -143 -5.37% $144.52 2.52K Jul 25, 2021 Direct
transaction DRI Common Stock Options Exercise $0 +591 +23.43% $0.00 3.11K Jul 26, 2021 Direct F1
transaction DRI Common Stock Tax liability -$21K -145 -4.66% $144.52 2.97K 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 -580 -51.22% $0.00 552 Jul 25, 2021 Common Stock 580 Direct F1, F3, F4
transaction DRI Restricted Stock Units Options Exercise $0 -521 -100% $0.00* 0 Jul 25, 2021 Common Stock 521 Direct F2
transaction DRI Performance Restricted Stock Units (FY18) Options Exercise $0 -591 -100% $0.00* 0 Jul 26, 2021 Common Stock 591 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 28 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 38 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.