Eugene I. Lee Jr. - 20 Sep 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Director
Signature
Jessica P. Lange, Attorney-in-fact for Lee, Eugene I. Jr.
Issuer symbol
DRI
Transactions as of
20 Sep 2023
Net transactions value
$0
Form type
4
Filing time
22 Sep 2023, 16:40:09 UTC
Previous filing
14 Sep 2023
Next filing
31 Oct 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 +2,742 +1.7% $0.000000 160,699 20 Sep 2023 Direct F1

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 Restricted Stock Units (FY23 Director Annual Grant) Options Exercise $0 -2,742 -100% $0.000000* 0 20 Sep 2023 Common Stock 2,742 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eugene I. Lee Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders. The director has a one time option to defer settlement until their termination from the board.