Richard L. Renninger - 24 Jul 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, Chief Development Officer
Signature
Jessica P. Lange, Attorney-in-fact for RENNINGER, RICHARD L.
Issuer symbol
DRI
Transactions as of
24 Jul 2022
Net transactions value
-$53,637
Form type
4
Filing time
26 Jul 2022, 16:37:26 UTC
Previous filing
23 Jun 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 +1,154 +5.8% $0.000000 21,077 24 Jul 2022 Direct F1
transaction DRI Common Stock Options Exercise $0 +658 +3.1% $0.000000 21,735 24 Jul 2022 Direct F2
transaction DRI Common Stock Tax liability $19,537 -161 -0.74% $121.35 21,574 24 Jul 2022 Direct
transaction DRI Common Stock Tax liability $34,099 -281 -1.3% $121.35 21,293 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 -658 -50% $0.000000 658 24 Jul 2022 Common Stock 658 Direct F2, F4
transaction DRI Restricted Stock Units (FY20 Annual Grant) Options Exercise $0 -1,154 -100% $0.000000* 0 24 Jul 2022 Common Stock 1,154 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.