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

Role
President, SRG
Signature
Anthony G. Morrow, Attorney-in-fact for Martin, Melvin John
Stock symbol
DRI
Transactions as of
Jul 28, 2021
Transactions value $
-$77,805
Form type
4
Date filed
7/30/2021, 02:27 PM
Previous filing
Jul 27, 2021
Next filing
Sep 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +1.33K +12.52% $0.00 12K Jul 29, 2021 Direct F1
transaction DRI Common Stock Tax liability -$77.8K -525 -4.38% $148.20 11.4K Jul 29, 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 +2.04K $0.00 2.04K Jul 28, 2021 Common Stock 2.04K Direct F1
transaction DRI Stock Option (Right to Buy) Award $0 +7.27K $0.00 7.27K Jul 28, 2021 Common Stock 7.27K $148.20 Direct F2
transaction DRI Restricted Stock Units Options Exercise $0 -1.33K -32.99% $0.00 2.71K Jul 29, 2021 Common Stock 1.33K 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.