Eugene I. Lee Jr - Jul 19, 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Director, Chairman of the Board
Signature
Anthony G. Morrow, Attorney-in-fact for Lee, Eugene I. Jr.
Stock symbol
DRI
Transactions as of
Jul 19, 2023
Transactions value $
-$5,612,970
Form type
4
Date filed
7/20/2023, 04:50 PM
Previous filing
Jun 28, 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 Sale -$5.61M -33K -100% $170.09 0 Jul 19, 2023 By Kiawah Creek 2, LLC F1, F2, F3
holding DRI Common Stock 158K Jul 19, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Kiawah Creek 2, LLC, a limited liability company owned by the reporting person, contributed Darden Restaurants, Inc. (DRI) common stock to an exchange fund in exchange for units of the exchange fund. The transaction with the exchange fund closed on July 19, 2023, pursuant to a subscription agreement signed on March 27, 2023 by Kiawah Creek 2, LLC.
F2 On July 5, 2023, 33,000 directly held common shares were transferred to Kiawah Creek 2, LLC, a limited liability company owned by the reporting person, at which time those shares became indirectly owned by the reporting person.
F3 The price per share used by the exchange fund for the DRI common stock contributed by Kiawah Creek 2, LLC was based on the closing price as of July 18, 2023, the day before the exchange fund transaction closed.