Melvin John Martin - 28 Jul 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, SRG
Signature
Anthony G. Morrow, Attorney-in-fact for Martin, Melvin John
Issuer symbol
DRI
Transactions as of
28 Jul 2021
Net transactions value
-$77,805
Form type
4
Filing time
30 Jul 2021, 14:27:50 UTC
Previous filing
27 Jul 2021
Next filing
29 Sep 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 +1,332 +13% $0.000000 11,973 29 Jul 2021 Direct F1
transaction DRI Common Stock Tax liability $77,805 -525 -4.4% $148.20 11,448 29 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 Restricted Stock Units (FY22 Annual Grant) Award $0 +2,043 $0.000000 2,043 28 Jul 2021 Common Stock 2,043 Direct F1
transaction DRI Stock Option (Right to Buy) Award $0 +7,271 $0.000000 7,271 28 Jul 2021 Common Stock 7,271 $148.20 Direct F2
transaction DRI Restricted Stock Units Options Exercise $0 -1,332 -33% $0.000000 2,706 29 Jul 2021 Common Stock 1,332 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 This option vests in two equal annual installments beginning July 28, 2024.
F3 This grant vests in three equal annual installments beginning on July 29, 2021.