Broad Matthew R - Jul 25, 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role: SVP General Counsel
Signature: Jessica P. Lange, Attorney-in-fact for Broad, Matthew R.
Stock symbol: DRI
Transactions as of: Jul 25, 2022
Transactions value $: -$82,077
Form type: 4
Date filed: 7/27/2022, 04:54 PM
Previous filing: Jul 26, 2022
Next filing: Jul 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRI	Common Stock	Options Exercise	$0	+1.98K	+12.71%	$0.00	17.5K	Jul 25, 2022	Direct	F1
transaction	DRI	Common Stock	Tax liability	-$82.1K	-691	-3.94%	$118.78	16.8K	Jul 25, 2022	Direct	F2

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 (FY19)	Options Exercise	$0	-1.98K	-100%	$0.00^*	0	Jul 25, 2022	Common Stock	1.98K		Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance restricted stock units convert into common stock on a one-for-one basis.
F2	Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
F3	Includes 182 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement. Fractional shares are settled in cash pursuant to the terms of the award agreement.
F4	This grant vested in two equal annual installments beginning on July 25, 2021.