Douglas J. Milanes - 27 Mar 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, Chief Supply Chain Ofcr
Signature
Jessica P. Lange, Attorney-in-fact for MILANES, DOUGLAS J.
Issuer symbol
DRI
Transactions as of
27 Mar 2023
Net transactions value
-$200,565
Form type
4
Filing time
29 Mar 2023, 13:09:20 UTC
Previous filing
12 Jan 2023
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 $144,930 +2,229 +42% $65.02 7,559 27 Mar 2023 Direct F1
transaction DRI Common Stock Sale $345,495 -2,229 -29% $155.00 5,330 27 Mar 2023 Direct F1, 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 Stock Option (Right to Buy) Options Exercise $0 -2,229 -100% $0.000000* 0 27 Mar 2023 Common Stock 2,229 $65.02 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 26, 2022.
F3 This option vested in two equal annual installments beginning on July 29, 2018.