Ricardo Cardenas - 21 Jun 2022 Form 4/A - Amendment Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President and CEO
Signature
Anthony G. Morrow, Attorney-in-fact for Cardenas, Ricardo
Issuer symbol
DRI
Transactions as of
21 Jun 2022
Net transactions value
$0
Form type
4/A - Amendment
Filing time
25 Jul 2022, 17:12:20 UTC
Date Of Original Report
23 Jun 2022
Previous filing
11 May 2022
Next filing
26 Jul 2022
SEC
View on sec.gov

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 +3,588 $0.000000 3,588 21 Jun 2022 Common Stock 3,588 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 24, 2019, the Reporting Person was awarded 6,296 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.
F2 Performance restricted stock units convert into common stock on a one-for-one basis.
F3 On June 21, 2022, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 3,588 PSUs being earned in accordance with the provisions of the applicable award agreement. This amended filing is to correct a rounding error in the determination of PSUs reported.
F4 This grant vests in two equal annual installments beginning on July 24, 2022.