Ricardo Cardenas - 24 Jul 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
Issuer symbol
DRI
Transactions as of
24 Jul 2022
Net transactions value
-$236,026
Form type
4
Filing time
26 Jul 2022, 16:35:28 UTC
Previous filing
25 Jul 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 +3,148 +7.4% $0.000000 45,851 24 Jul 2022 Direct F1
transaction DRI Common Stock Options Exercise $0 +1,794 +3.9% $0.000000 47,645 24 Jul 2022 Direct F2
transaction DRI Common Stock Tax liability $85,673 -706 -1.5% $121.35 46,939 24 Jul 2022 Direct
transaction DRI Common Stock Tax liability $150,353 -1,239 -2.6% $121.35 45,700 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 -1,794 -50% $0.000000 1,794 24 Jul 2022 Common Stock 1,794 Direct F2, F4
transaction DRI Restricted Stock Units (FY20 Annual Grant) Options Exercise $0 -3,148 -100% $0.000000* 0 24 Jul 2022 Common Stock 3,148 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.