Kiernan Daniel J. - Jul 27, 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Jessica P. Lange, Attorney-in-fact for Kiernan, Daniel J.
Stock symbol
DRI
Transactions as of
Jul 27, 2022
Transactions value $
$0
Form type
4
Date filed
7/29/2022, 11:30 AM
Previous filing
Jul 27, 2022
Next filing
Oct 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRI Common Stock 16K Jul 27, 2022 Direct
holding DRI Common Stock 135 Jul 27, 2022 By 401k and Spouse's 401k F1

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 Restricted Stock Units (FY23 Annual Grant) Award $0 +3.21K $0.00 3.21K Jul 27, 2022 Common Stock 3.21K Direct F2
transaction DRI Stock Option (Right to Buy) Award $0 +10.9K $0.00 10.9K Jul 27, 2022 Common Stock 10.9K $121.47 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents holdings in the unitized Darden stock fund under the company's 401k plan for both the reporting person and the reporting person's spouse as of plan statements dated June 30, 2022. 97.3377 shares are owned by the reporting person's spouse's 401k. The reporting person disclaims beneficial ownership of these shares.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 This option vests in two equal annual installments beginning on July 27, 2025.