Eugene I. Lee Jr - Jul 24, 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.
Stock symbol
DRI
Transactions as of
Jul 24, 2022
Transactions value $
-$786,833
Form type
4
Date filed
7/26/2022, 04:36 PM
Previous filing
Jul 5, 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 +10.5K +4.72% $0.00 233K Jul 24, 2022 Direct F1
transaction DRI Common Stock Options Exercise $0 +5.98K +2.57% $0.00 239K Jul 24, 2022 Direct F2
transaction DRI Common Stock Tax liability -$286K -2.35K -0.99% $121.35 237K Jul 24, 2022 Direct
transaction DRI Common Stock Tax liability -$501K -4.13K -1.75% $121.35 232K Jul 24, 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 -5.98K -50% $0.00 5.98K Jul 24, 2022 Common Stock 5.98K Direct F2, F3
transaction DRI Restricted Stock Units (FY20 Annual Grant) Options Exercise $0 -10.5K -100% $0.00* 0 Jul 24, 2022 Common Stock 10.5K 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.