EUGENE I. LEE JR - 01 Aug 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Signature
Anthony G. Morrow, Attorney-in-fact for Lee, Eugene I. Jr.
Issuer symbol
DRI
Transactions as of
01 Aug 2023
Net transactions value
-$9,799,555
Form type
4
Filing time
03 Aug 2023, 10:54:25 UTC
Previous filing
01 Aug 2023
Next filing
14 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $2,674,489 +33,923 +17% $78.84 232,698 01 Aug 2023 Direct
transaction DRI Common Stock Sale $2,113,030 -12,627 -5.4% $167.34 220,071 01 Aug 2023 Direct F1
transaction DRI Common Stock Sale $2,442,983 -14,597 -6.6% $167.36 205,474 01 Aug 2023 Direct F2
transaction DRI Common Stock Sale $3,548,604 -21,296 -10% $166.63 184,178 01 Aug 2023 Direct F3
transaction DRI Common Stock Sale $4,369,428 -26,221 -14% $166.64 157,957 01 Aug 2023 Direct 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 Stock Option (Right to Buy) Options Exercise $0 -33,923 -50% $0.000000 33,924 01 Aug 2023 Common Stock 33,923 $78.84 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $167.16 to $167.65. 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.
F2 This transaction was executed in multiple trades at prices ranging from $167.17 to $167.6371. 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.
F3 This transaction was executed in multiple trades at prices ranging from $166.15 to $167.13. 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.
F4 This transaction was executed in multiple trades at prices ranging from $166.165 to $167.16. 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 option vests in two equal annual installments beginning on July 29, 2023.