Daniel J. Kiernan - 26 Jul 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.
Issuer symbol
DRI
Transactions as of
26 Jul 2021
Net transactions value
-$24,838
Form type
4
Filing time
29 Jul 2021, 17:24:05 UTC
Previous filing
27 Jul 2021
Next filing
25 Jul 2022
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 +78 $0.000000 78 26 Jul 2021 By Spouse F1
transaction DRI Common Stock Options Exercise $0 +39 +50% $0.000000 117 26 Jul 2021 By Spouse F1
transaction DRI Common Stock Disposed to Issuer $5,674 -39 -33% $145.48 78 26 Jul 2021 By Spouse
transaction DRI Common Stock Disposed to Issuer $11,347 -78 -100% $145.48 0 26 Jul 2021 By Spouse
transaction DRI Common Stock Options Exercise $0 +53 $0.000000 53 27 Jul 2021 By Spouse F1
transaction DRI Common Stock Disposed to Issuer $7,816 -53 -100% $147.48 0 27 Jul 2021 By Spouse
holding DRI Common Stock 12,478 26 Jul 2021 Direct
holding DRI Common Stock 130 26 Jul 2021 By 401k and Spouse's 401k F2

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 Restricted Stock Units (FY22 Annual Grant) Award $0 +2,213 $0.000000 2,213 28 Jul 2021 Common Stock 2,213 Direct F3
transaction DRI Stock Option (Right to Buy) Award $0 +7,877 $0.000000 7,877 28 Jul 2021 Common Stock 7,877 $148.20 Direct F4
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -78 -50% $0.000000 78 26 Jul 2021 Common Stock 78 By Spouse F1, F5, F6
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -39 -100% $0.000000* 0 26 Jul 2021 Common Stock 39 By Spouse F1, F7
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -53 -100% $0.000000* 0 27 Jul 2021 Common Stock 53 By Spouse F1, F8
transaction DRI Restricted Stock Units (DSU) Award $0 +170 $0.000000 170 28 Jul 2021 Common Stock 170 By Spouse F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (Darden Stock Unit "DSU") is the economic equivalent of one share of DRI common stock. The restricted stock unit (DSU) becomes payable in cash upon vesting.
F2 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 areownedby the reporting person's spouse's 401k. The reporting person disclaims beneficial ownership of these shares.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 This option vests in two equal annual installments beginning on July 28, 2024.
F5 This grant vests in two equal annual installments beginning on July 25, 2021.
F6 The reporting person disclaims beneficial ownership of these units.
F7 This grant vested in two equal annual installments beginning on July 26, 2020.
F8 This grant vested in two equal annual installments beginning on July 27, 2020.
F9 This grant vests in two equal annual installments beginning on July 28, 2024.