Matthew R. Broad - 29 Jul 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role: SVP General Counsel
Signature: Anthony G. Morrow, Attorney-in-fact for Broad, Matthew R.
Issuer symbol: DRI
Transactions as of: 29 Jul 2023
Net transactions value: -$443,760
Form type: 4
Filing time: 01 Aug 2023, 17:23:53 UTC
Previous filing: 28 Jul 2023
Next filing: 01 Feb 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	+4,038	+23%	$0.000000	21,342	29 Jul 2023	Direct	F1, F2
transaction	DRI	Common Stock	Options Exercise	$0	+2,692	+13%	$0.000000	24,034	29 Jul 2023	Direct	F2, F3
transaction	DRI	Common Stock	Tax liability	$177,571	-1,060	-4.4%	$167.52	22,974	29 Jul 2023	Direct	F2
transaction	DRI	Common Stock	Tax liability	$266,189	-1,589	-6.9%	$167.52	21,385	29 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 (FY21)	Options Exercise	$0	-4,038	-50%	$0.000000	4,038	29 Jul 2023	Common Stock	4,038		Direct	F1, F4
transaction	DRI	Restricted Stock Units (FY21 Annual Grant)	Options Exercise	$0	-2,692	-100%	$0.000000^*	0	29 Jul 2023	Common Stock	2,692		Direct	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	Restricted stock units convert into common stock on a one-for-one basis.
F4	This grant vests in two equal annual installments beginning on July 29, 2023.