Rajesh Vennam - 29 Jul 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, CFO
Signature
Anthony G. Morrow, Attorney-in-fact for Vennam, Rajesh
Issuer symbol
DRI
Transactions as of
29 Jul 2023
Net transactions value
-$618,845
Form type
4
Filing time
01 Aug 2023, 17:23:50 UTC
Previous filing
28 Jul 2023
Next filing
20 Mar 2024
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 +1,514 +33% $0.000000 6,069 29 Jul 2023 Direct F1, F2
transaction DRI Common Stock Options Exercise $0 +1,010 +17% $0.000000 7,079 29 Jul 2023 Direct F2, F3
transaction DRI Common Stock Tax liability $55,952 -334 -4.7% $167.52 6,745 29 Jul 2023 Direct F2
transaction DRI Common Stock Tax liability $61,815 -369 -5.5% $167.52 6,376 29 Jul 2023 Direct F2
transaction DRI Common Stock Options Exercise $263,412 +3,069 +48% $85.83 9,445 31 Jul 2023 Direct F2
transaction DRI Common Stock Options Exercise $133,982 +2,245 +24% $59.68 11,690 31 Jul 2023 Direct F2
transaction DRI Common Stock Gift $0 -418 -3.6% $0.000000 11,272 31 Jul 2023 Direct F2
transaction DRI Common Stock Sale $898,473 -5,314 -47% $169.08 5,958 31 Jul 2023 Direct F2, F4

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 (FY21) Options Exercise $0 -1,514 -50% $0.000000 1,515 29 Jul 2023 Common Stock 1,514 Direct F1, F5
transaction DRI Restricted Stock Units Options Exercise $0 -1,010 -100% $0.000000* 0 29 Jul 2023 Common Stock 1,010 Direct F3
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -3,069 -100% $0.000000* 0 31 Jul 2023 Common Stock 3,069 $85.83 Direct F6
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -2,245 -100% $0.000000* 0 31 Jul 2023 Common Stock 2,245 $59.68 Direct F7
* 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 Restricted stock units convert into common stock on a one-for-one basis.
F4 This transaction was executed in multiple trades at prices ranging from $169.00 to $169.26. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 This grant vests in two equal annual installments beginning on July 29, 2023.
F6 This option vested in two equal annual installments beginning on July 26, 2020.
F7 This option vested in two equal annual installments beginning on July 27, 2019.