Eugene I. Lee Jr - Jan 5, 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Signature
Jessica P. Lange, Attorney-in-fact for Lee, Eugene I. Jr.
Stock symbol
DRI
Transactions as of
Jan 5, 2022
Transactions value $
-$5,106,090
Form type
4
Date filed
1/7/2022, 10:22 AM
Previous filing
Jan 5, 2022
Next filing
Jun 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $6.59M +76.7K +34.49% $85.83 299K Jan 5, 2022 Direct
transaction DRI Common Stock Sale -$5.74M -37.5K -12.54% $152.89 262K Jan 5, 2022 Direct F1
transaction DRI Common Stock Sale -$5.96M -39.2K -14.98% $151.89 222K Jan 5, 2022 Direct 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 Stock Option (Right to Buy) Options Exercise $0 -76.7K -100% $0.00* 0 Jan 5, 2022 Common Stock 76.7K $85.83 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $152.64 to $152.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $151.62 to $152.59. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This option vested in two equal annual installments beginning on July 26, 2020.