Eugene I. Lee Jr. - 28 Mar 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Signature
Jessica P. Lange, Attorney-in-fact for Lee, Eugene I. Jr.
Issuer symbol
DRI
Transactions as of
28 Mar 2023
Net transactions value
-$3,699,948
Form type
4
Filing time
30 Mar 2023, 14:09:32 UTC
Previous filing
05 Jan 2023
Next filing
02 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $8,447,958 +78,916 +39% $107.05 278,772 28 Mar 2023 Direct
transaction DRI Common Stock Sale $4,837,248 -31,349 -11% $154.30 247,423 28 Mar 2023 Direct F1
transaction DRI Common Stock Sale $7,310,658 -47,567 -19% $153.69 199,856 28 Mar 2023 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 Stock Option (Right to Buy) Options Exercise $0 -78,916 -100% $0.000000* 0 28 Mar 2023 Common Stock 78,916 $107.05 Direct F3
* 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 $154.18 to $154.56. 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 $153.18 to $154.17. 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 25, 2021.