EUGENE I. LEE JR - 24 Jul 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Executive Chairman, Director
Signature
Jessica P. Lange, Attorney-in-fact for Lee, Eugene I. Jr.
Issuer symbol
DRI
Transactions as of
24 Jul 2022
Net transactions value
-$786,833
Form type
4
Filing time
26 Jul 2022, 16:36:55 UTC
Previous filing
05 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 +10,494 +4.7% $0.000000 232,974 24 Jul 2022 Direct F1
transaction DRI Common Stock Options Exercise $0 +5,981 +2.6% $0.000000 238,955 24 Jul 2022 Direct F2
transaction DRI Common Stock Tax liability $285,658 -2,354 -0.99% $121.35 236,601 24 Jul 2022 Direct
transaction DRI Common Stock Tax liability $501,176 -4,130 -1.7% $121.35 232,471 24 Jul 2022 Direct

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 -5,981 -50% $0.000000 5,982 24 Jul 2022 Common Stock 5,981 Direct F2, F3
transaction DRI Restricted Stock Units (FY20 Annual Grant) Options Exercise $0 -10,494 -100% $0.000000* 0 24 Jul 2022 Common Stock 10,494 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 This grant vests in two equal annual installments beginning on July 24, 2022.