EUGENE I. LEE JR - 21 Sep 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Director, Chairman of the Board
Signature
Jessica P. Lange, Attorney-in-fact for Lee, Eugene I. Jr.
Issuer symbol
DRI
Transactions as of
21 Sep 2022
Net transactions value
$0
Form type
4
Filing time
23 Sep 2022, 14:05:03 UTC
Previous filing
03 Aug 2022
Next filing
04 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRI Common Stock 222,480 21 Sep 2022 Direct

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 Director Annual Grant) Award $0 +2,742 $0.000000 2,742 21 Sep 2022 Common Stock 2,742 Direct F1, F2
* 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 The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders. The director has a one time option to defer settlement until their termination from the board.