Eugene I. Lee Jr - Jun 20, 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Director, Chairman of the Board
Signature
Jessica P. Lange, Attorney-in-fact for Lee, Eugene I. Jr.
Stock symbol
DRI
Transactions as of
Jun 20, 2023
Transactions value $
$0
Form type
4
Date filed
6/21/2023, 05:12 PM
Previous filing
Jun 14, 2023
Next filing
Jun 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRI Common Stock 200K Jun 20, 2023 Direct

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 +50.5K $0.00 50.5K Jun 20, 2023 Common Stock 50.5K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 29, 2020, the Reporting Person was awarded 33,652 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.
F2 Performance restricted stock units convert into common stock on a one-for-one basis.
F3 On June 20, 2023, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 50,478 PSUs being earned in accordance with the provisions of the applicable award agreement.
F4 This grant vests in two equal annual installments beginning on July 29, 2023.