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
-$10,810
Form type
4
Filing time
28 Jul 2023, 16:22:31 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 +63 $0.000000 63 24 Jul 2023 By Spouse F1
transaction DRI Common Stock Disposed to Issuer $10,810 -63 -100% $171.58 0 24 Jul 2023 By Spouse
holding DRI Common Stock 16,696 24 Jul 2023 Direct
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 Restricted Stock Units (FY24 Annual Grant) Award $0 +2,558 $0.000000 2,558 26 Jul 2023 Common Stock 2,558 Direct F2
transaction DRI Stock Option (Right to Buy) Award $0 +7,705 $0.000000 7,705 26 Jul 2023 Common Stock 7,705 $169.02 Direct F3
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -63 -100% $0.000000* 0 24 Jul 2023 Common Stock 63 By Spouse F1, F4
transaction DRI Restricted Stock Units (FY24 Annual Grant) Award $0 +98 $0.000000 98 26 Jul 2023 Common Stock 98 By Spouse F2
transaction DRI Stock Option (Right to Buy) Award $0 +295 $0.000000 295 26 Jul 2023 Common Stock 295 $169.02 By Spouse F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (Darden Stock Unit "DSU") is the economic equivalent of one share of DRI common stock. The restricted stock unit (DSU) becomes payable in cash upon vesting.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 This option vests in two equal annual installments beginning on July 26, 2026.
F4 This grant vested in two equal annual installments beginning on July 24, 2022.