Todd Burrowes - Jul 25, 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, LongHorn Steakhouse
Signature
Jessica P. Lange, Attorney-in-fact for Burrowes, Todd
Stock symbol
DRI
Transactions as of
Jul 25, 2022
Transactions value $
-$142,298
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 +3.04K +7.47% $0.00 43.8K Jul 25, 2022 Direct F1
transaction DRI Common Stock Tax liability -$142K -1.2K -2.74% $118.78 42.6K 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 -3.04K -100% $0.00* 0 Jul 25, 2022 Common Stock 3.04K 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.
F3 Includes 280 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.