Daniel J. Kiernan - 24 Jul 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Jessica P. Lange, Attorney-in-fact for Kiernan, Daniel J.
Issuer symbol
DRI
Transactions as of
24 Jul 2023
Net transactions value
-$72,237
Form type
4
Filing time
26 Jul 2023, 14:31:25 UTC
Previous filing
30 Jun 2023
Next filing
01 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +1,077 +6.7% $0.000000 17,120 24 Jul 2023 Direct F1
transaction DRI Common Stock Tax liability $72,237 -424 -2.5% $170.37 16,696 24 Jul 2023 Direct F2
holding DRI Common Stock 138 24 Jul 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 Performance Restricted Stock Units (FY20) Options Exercise $0 -1,077 -100% $0.000000* 0 24 Jul 2023 Common Stock 1,077 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 Since the date of the reporting person's last ownership report, he transferred 1862 shares of common stock to his former spouse pursuant to a domestic relations order.
F3 This grant vested in two equal annual installments beginning on July 24, 2022.