Kiernan Daniel J. - Oct 28, 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.
Stock symbol
DRI
Transactions as of
Oct 28, 2022
Transactions value $
-$1,015,754
Form type
4
Date filed
10/31/2022, 03:45 PM
Previous filing
Aug 10, 2023
Next filing
Jun 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $292K +6.79K +42.32% $42.99 22.8K Oct 28, 2022 Direct
transaction DRI Common Stock Options Exercise $138K +3.5K +15.33% $39.53* 26.3K Oct 28, 2022 Direct
transaction DRI Common Stock Sale -$178K -1.26K -4.79% $140.94 25.1K Oct 28, 2022 Direct F1
transaction DRI Common Stock Sale -$1.27M -9.03K -36.01% $140.47 16K Oct 28, 2022 Direct F2
holding DRI Common Stock 136 Oct 28, 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 -3.5K -21.69% $0.00 12.6K Oct 28, 2022 Common Stock 3.5K $39.53 Direct F3, F4
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -6.79K -100% $0.00* 0 Oct 28, 2022 Common Stock 6.79K $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.