Kiernan Daniel J. - Jun 29, 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Signature
Anthony G. Morrow, Attorney-in-fact for Kiernan, Daniel J.
Stock symbol
DRI
Transactions as of
Jun 29, 2023
Transactions value $
-$1,586,998
Form type
4
Date filed
6/30/2023, 11:30 AM
Previous filing
Jun 21, 2023
Next filing
Jul 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $500K +12.6K +78.78% $39.53* 28.7K Jun 29, 2023 Direct
transaction DRI Common Stock Sale -$2.09M -12.6K -44.07% $165.09 16K Jun 29, 2023 Direct F1
holding DRI Common Stock 138 Jun 29, 2023 By 401k and Spouse's 401k

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 -12.6K -100% $0.00* 0 Jun 29, 2023 Common Stock 12.6K $39.53 Direct F2, 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 $164.94 to $165.17. 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.
F2 This option vested in two equal annual installments beginning on July 23, 2017.
F3 On July 23, 2018, the reporting person exercised and sold 4,127 stock options at $111.3439 pursuant to a domestic relations order. No Form 4s are required to report transactions pursuant to a domestic relations order such as a marital settlement agreement. Any changes to the aggregate non-derivative or common stock holdings will be footnoted in the next applicable future filing. (No changes to common stock as a result of this exercise/sale.)