Rajesh Vennam - 25 Jul 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
Issuer symbol
DRI
Transactions as of
25 Jul 2021
Net transactions value
-$59,976
Form type
4
Filing time
27 Jul 2021, 17:46:20 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 +580 +34% $0.000000 2,271 25 Jul 2021 Direct F1
transaction DRI Common Stock Options Exercise $0 +521 +23% $0.000000 2,792 25 Jul 2021 Direct F2
transaction DRI Common Stock Tax liability $18,354 -127 -4.5% $144.52 2,665 25 Jul 2021 Direct
transaction DRI Common Stock Tax liability $20,666 -143 -5.4% $144.52 2,522 25 Jul 2021 Direct
transaction DRI Common Stock Options Exercise $0 +591 +23% $0.000000 3,113 26 Jul 2021 Direct F1
transaction DRI Common Stock Tax liability $20,955 -145 -4.7% $144.52 2,968 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 -580 -51% $0.000000 552 25 Jul 2021 Common Stock 580 Direct F1, F3, F4
transaction DRI Restricted Stock Units Options Exercise $0 -521 -100% $0.000000* 0 25 Jul 2021 Common Stock 521 Direct F2
transaction DRI Performance Restricted Stock Units (FY18) Options Exercise $0 -591 -100% $0.000000* 0 26 Jul 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.