Renninger Richard L. - Jun 20, 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, Chief Development Officer
Signature
Jessica P. Lange, Attorney-in-fact for RENNINGER, RICHARD L.
Stock symbol
DRI
Transactions as of
Jun 20, 2023
Transactions value $
$0
Form type
4
Date filed
6/21/2023, 05:13 PM
Previous filing
Jan 18, 2023
Next filing
Jul 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRI Common Stock 22.4K Jun 20, 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 +5.55K $0.00 5.55K Jun 20, 2023 Common Stock 5.55K 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 3,702 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 5,554 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.