EUGENE I. LEE JR - 29 Jul 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role: Director, Chairman of the Board
Signature: Anthony G. Morrow, Attorney-in-fact for Lee, Eugene I. Jr.
Issuer symbol: DRI
Transactions as of: 29 Jul 2023
Net transactions value: -$4,436,935
Form type: 4
Filing time: 01 Aug 2023, 17:24:38 UTC
Previous filing: 01 Aug 2023
Next filing: 03 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	+50,478	+32%	$0.000000	208,435	29 Jul 2023	Direct	F1
transaction	DRI	Common Stock	Options Exercise	$0	+16,826	+8.1%	$0.000000	225,261	29 Jul 2023	Direct	F2
transaction	DRI	Common Stock	Tax liability	$1,109,317	-6,622	-2.9%	$167.52	218,639	29 Jul 2023	Direct
transaction	DRI	Common Stock	Tax liability	$3,327,617	-19,864	-9.1%	$167.52	198,775	29 Jul 2023	Direct

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	-50,478	-100%	$0.000000^*	0	29 Jul 2023	Common Stock	50,478		Direct	F1, F3
transaction	DRI	Restricted Stock Units (FY21 Annual Grant)	Options Exercise	$0	-16,826	-100%	$0.000000^*	0	29 Jul 2023	Common Stock	16,826		Direct	F2

* 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	Restricted stock units convert into common stock on a one-for-one basis.
F3	This grant vested in full on July 29, 2023 as a result of the reporting person having met the provisions for Normal Retirement in the applicable Award Agreement.