Todd Burrowes - Jul 24, 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 24, 2023
Transactions value $
-$80,244
Form type
4
Date filed
7/26/2023, 02:31 PM
Previous filing
Jul 12, 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 $0 +1.2K +2.98% $0.00 41.4K Jul 24, 2023 Direct F1, F2
transaction DRI Common Stock Tax liability -$80.2K -471 -1.14% $170.37 40.9K Jul 24, 2023 Direct 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 Performance Restricted Stock Units (FY20) Options Exercise $0 -1.2K -100% $0.00* 0 Jul 24, 2023 Common Stock 1.2K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance restricted stock units convert into common stock on a one-for-one basis.
F2 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
F3 This grant vested in two equal annual installments beginning on July 24, 2022.