Daniel J. Kiernan - 28 Oct 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Anthony G. Morrow, Attorney-in-fact for Kiernan, Daniel J.
Issuer symbol
DRI
Transactions as of
28 Oct 2022
Net transactions value
-$1,015,754
Form type
4
Filing time
31 Oct 2022, 15:45:25 UTC
Previous filing
29 Jul 2022
Next filing
21 Jun 2023
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 $291,902 +6,790 +42% $42.99 22,833 28 Oct 2022 Direct
transaction DRI Common Stock Options Exercise $138,355 +3,500 +15% $39.53* 26,333 28 Oct 2022 Direct
transaction DRI Common Stock Sale $177,868 -1,262 -4.8% $140.94 25,071 28 Oct 2022 Direct F1
transaction DRI Common Stock Sale $1,268,143 -9,028 -36% $140.47 16,043 28 Oct 2022 Direct F2
holding DRI Common Stock 136 28 Oct 2022 By 401k and Spouse's 401k

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 Stock Option (Right to Buy) Options Exercise $0 -3,500 -22% $0.000000 12,639 28 Oct 2022 Common Stock 3,500 $39.53 Direct F3, F4
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -6,790 -100% $0.000000* 0 28 Oct 2022 Common Stock 6,790 $42.99 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $140.90 to $141.03. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $139.88 to $140.84. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This option vested in two equal annual installments beginning July 23, 2017.
F4 On 7/23/18, the reporting person exercised and sold 4,127 stock options at $111.3439 pursuant to a domestic relations order.
F5 This option vested in two equal annual installments beginning July 24, 2016.