Todd Burrowes - 24 Jul 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, LongHorn Steakhouse
Signature
Jessica P. Lange, Attorney-in-fact for Burrowes, Todd
Issuer symbol
DRI
Transactions as of
24 Jul 2022
Net transactions value
-$133,970
Form type
4
Filing time
26 Jul 2022, 16:35:17 UTC
Previous filing
23 Jun 2022
Next filing
27 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +2,099 +5.4% $0.000000 40,629 24 Jul 2022 Direct F1
transaction DRI Common Stock Options Exercise $0 +1,196 +2.9% $0.000000 41,825 24 Jul 2022 Direct F2
transaction DRI Common Stock Tax liability $57,156 -471 -1.1% $121.35 41,354 24 Jul 2022 Direct
transaction DRI Common Stock Tax liability $76,815 -633 -1.5% $121.35 40,721 24 Jul 2022 Direct F3

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) Options Exercise $0 -1,196 -50% $0.000000 1,196 24 Jul 2022 Common Stock 1,196 Direct F2, F4
transaction DRI Restricted Stock Units (FY20 Annual Grant) Options Exercise $0 -2,099 -100% $0.000000* 0 24 Jul 2022 Common Stock 2,099 Direct F1
* 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 Performance restricted stock units convert into common stock on a one-for-one basis.
F3 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan.
F4 This grant vests in two equal annual installments beginning on July 24, 2022.