Rajesh Vennam - 24 Jul 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, CFO
Signature
Jessica P. Lange, Attorney-in-fact for Vennam, Rajesh
Issuer symbol
DRI
Transactions as of
24 Jul 2023
Net transactions value
-$12,437
Form type
4
Filing time
26 Jul 2023, 14:32:35 UTC
Previous filing
21 Jun 2023
Next filing
28 Jul 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 +299 +6.9% $0.000000 4,628 24 Jul 2023 Direct F1, F2
transaction DRI Common Stock Tax liability $12,437 -73 -1.6% $170.37 4,555 24 Jul 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 -299 -100% $0.000000* 0 24 Jul 2023 Common Stock 299 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.