Todd Burrowes - Jun 21, 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, LongHorn Steakhouse
Signature
Jessica P. Lange, Attorney-in-fact for Burrowes, Todd
Stock symbol
DRI
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/23/2022, 01:56 PM
Previous filing
Aug 2, 2021
Next filing
Jul 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRI Common Stock 38.5K Jun 21, 2022 Direct F1

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 (FY20) Award $0 +2.39K $0.00 2.39K Jun 21, 2022 Common Stock 2.39K Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan.
F2 On July 24, 2019, the Reporting Person was awarded 4,197 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (relative total shareholder return as compared to a selected comparison group) from July 24, 2019 through May 29, 2022.
F3 Performance restricted stock units convert into common stock on a one-for-one basis.
F4 On June 21, 2022, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 2,392 PSUs being earned in accordance with the provisions of the applicable award agreement.
F5 This grant vests in two equal annual installments beginning on July 24, 2022.