Todd Burrowes - 29 Jul 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, LongHorn Steakhouse
Signature
Anthony G. Morrow, Attorney-in-fact for Burrowes, Todd
Issuer symbol
DRI
Transactions as of
29 Jul 2023
Net transactions value
-$554,826
Form type
4
Filing time
01 Aug 2023, 17:24:05 UTC
Previous filing
28 Jul 2023
Next filing
21 Jun 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 +5,048 +12% $0.000000 45,957 29 Jul 2023 Direct F1, F2
transaction DRI Common Stock Options Exercise $0 +3,365 +7.3% $0.000000 49,322 29 Jul 2023 Direct F2, F3
transaction DRI Common Stock Tax liability $221,964 -1,325 -2.7% $167.52 47,997 29 Jul 2023 Direct F2
transaction DRI Common Stock Tax liability $332,862 -1,987 -4.1% $167.52 46,010 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 -5,048 -50% $0.000000 5,048 29 Jul 2023 Common Stock 5,048 Direct F1, F4
transaction DRI Restricted Stock Units (FY21 Annual Grant) Options Exercise $0 -3,365 -100% $0.000000* 0 29 Jul 2023 Common Stock 3,365 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.