Melvin John Martin - 29 Jul 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, SRG
Signature
Jessica P. Lange, Attorney-in-fact for Martin, Melvin John
Issuer symbol
DRI
Transactions as of
29 Jul 2022
Net transactions value
-$66,454
Form type
4
Filing time
01 Aug 2022, 13:12:48 UTC
Previous filing
29 Jul 2022
Next filing
28 Oct 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 +1,332 +9.3% $0.000000 15,579 29 Jul 2022 Direct F1
transaction DRI Common Stock Tax liability $66,454 -525 -3.4% $126.58 15,054 29 Jul 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 Restricted Stock Units Options Exercise $0 -1,332 -49% $0.000000 1,374 29 Jul 2022 Common Stock 1,332 Direct F1, F3
* 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 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan.
F3 This grant vests in three annual installments beginning on July 29, 2021.