King Sarah H. - Jun 21, 2022 Form 4/A - Amendment Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, Chief People Officer
Signature
Anthony G. Morrow, Attorney-in-fact for King, Sarah H.
Stock symbol
DRI
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
7/25/2022, 05:13 PM
Date Of Original Report
Jun 23, 2022
Previous filing
Sep 28, 2021
Next filing
Jul 26, 2022

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 +1.55K $0.00 1.55K Jun 21, 2022 Common Stock 1.55K 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 2,728 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 1,554 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.