Cardenas Ricardo - Jul 24, 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President and CEO, Director
Signature
Jessica P. Lange, Attorney-in-fact for Cardenas, Ricardo
Stock symbol
DRI
Transactions as of
Jul 24, 2022
Transactions value $
-$236,026
Form type
4
Date filed
7/26/2022, 04:35 PM
Previous filing
Jul 25, 2022
Next filing
Jul 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +3.15K +7.37% $0.00 45.9K Jul 24, 2022 Direct F1
transaction DRI Common Stock Options Exercise $0 +1.79K +3.91% $0.00 47.6K Jul 24, 2022 Direct F2
transaction DRI Common Stock Tax liability -$85.7K -706 -1.48% $121.35 46.9K Jul 24, 2022 Direct
transaction DRI Common Stock Tax liability -$150K -1.24K -2.64% $121.35 45.7K Jul 24, 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 -1.79K -50% $0.00 1.79K Jul 24, 2022 Common Stock 1.79K Direct F2, F4
transaction DRI Restricted Stock Units (FY20 Annual Grant) Options Exercise $0 -3.15K -100% $0.00* 0 Jul 24, 2022 Common Stock 3.15K 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.