Eugene I. Lee Jr - Jul 29, 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.
Stock symbol
DRI
Transactions as of
Jul 29, 2023
Transactions value $
-$4,436,935
Form type
4
Date filed
8/1/2023, 05:24 PM
Previous filing
Aug 1, 2023
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +50.5K +31.96% $0.00 208K Jul 29, 2023 Direct F1
transaction DRI Common Stock Options Exercise $0 +16.8K +8.07% $0.00 225K Jul 29, 2023 Direct F2
transaction DRI Common Stock Tax liability -$1.11M -6.62K -2.94% $167.52 219K Jul 29, 2023 Direct
transaction DRI Common Stock Tax liability -$3.33M -19.9K -9.09% $167.52 199K Jul 29, 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 -50.5K -100% $0.00* 0 Jul 29, 2023 Common Stock 50.5K Direct F1, F3
transaction DRI Restricted Stock Units (FY21 Annual Grant) Options Exercise $0 -16.8K -100% $0.00* 0 Jul 29, 2023 Common Stock 16.8K 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.