Todd Burrowes - 20 Jun 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, LongHorn Steakhouse
Signature
Jessica P. Lange, Attorney-in-fact for Burrowes, Todd
Issuer symbol
DRI
Transactions as of
20 Jun 2023
Net transactions value
$0
Form type
4
Filing time
21 Jun 2023, 17:11:49 UTC
Previous filing
29 Jul 2022
Next filing
12 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRI Common Stock 42,710 20 Jun 2023 Direct F1

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 Performance Restricted Stock Units (FY21) Award $0 +10,096 $0.000000 10,096 20 Jun 2023 Common Stock 10,096 Direct F2, F3, F4, F5
* 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 On July 29, 2020, the Reporting Person was awarded 6,730 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (relative total shareholder return as compared to a selected comparison group) from July 29, 2020 through May 28, 2023.
F3 Performance restricted stock units convert into common stock on a one-for-one basis.
F4 On June 20, 2023, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 10,096 PSUs being earned in accordance with the provisions of the applicable award agreement.
F5 This grant vests in two equal annual installments beginning on July 29, 2023.