Sarah H. King - 24 Jul 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, Chief People Officer
Signature
Jessica P. Lange, Attorney-in-fact for King, Sarah H.
Issuer symbol
DRI
Transactions as of
24 Jul 2022
Net transactions value
-$63,466
Form type
4
Filing time
26 Jul 2022, 16:36:43 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 +1,364 +27% $0.000000 6,447 24 Jul 2022 Direct F1
transaction DRI Common Stock Options Exercise $0 +777 +12% $0.000000 7,224 24 Jul 2022 Direct F2
transaction DRI Common Stock Tax liability $23,056 -190 -2.6% $121.35 7,034 24 Jul 2022 Direct
transaction DRI Common Stock Tax liability $40,410 -333 -4.7% $121.35 6,701 24 Jul 2022 Direct F3
holding DRI Common Stock 0 24 Jul 2022 By Son

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 -777 -50% $0.000000 777 24 Jul 2022 Common Stock 777 Direct F2, F4
transaction DRI Restricted Stock Units (FY20 Annual Grant) Options Exercise $0 -1,364 -100% $0.000000* 0 24 Jul 2022 Common Stock 1,364 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.