Todd Burrowes - Jul 11, 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, LongHorn Steakhouse
Signature
Jessica P. Lange, Attorney-in-fact for Burrowes, Todd
Stock symbol
DRI
Transactions as of
Jul 11, 2023
Transactions value $
-$1,117,534
Form type
4
Date filed
7/12/2023, 01:04 PM
Previous filing
Jun 21, 2023
Next filing
Jul 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $1.19M +13.8K +32.31% $85.83 56.6K Jul 11, 2023 Direct F1
transaction DRI Common Stock Gift $0 -2.56K -4.53% $0.00 54K Jul 11, 2023 Direct F1
transaction DRI Common Stock Sale -$2.3M -13.8K -25.58% $166.75 40.2K Jul 11, 2023 Direct F1, 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 -13.8K -100% $0.00* 0 Jul 11, 2023 Common Stock 13.8K $85.83 Direct F3
* 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 This transaction was executed in multiple trades at prices ranging from $166.37 to $166.98. 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 on July 26, 2020.