Martin Melvin John - Dec 19, 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, SRG
Signature
Jessica P. Lange, Attorney-in-fact for Martin, Melvin John
Stock symbol
DRI
Transactions as of
Dec 19, 2023
Transactions value $
-$734,619
Form type
4
Date filed
12/21/2023, 10:09 AM
Previous filing
Oct 4, 2023
Next filing
Mar 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $416K +6.97K +40.6% $59.68 24.1K Dec 19, 2023 Direct F1
transaction DRI Common Stock Sale -$1.15M -6.97K -28.88% $165.12 17.2K Dec 19, 2023 Direct F1, 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 Stock Option (Right to Buy) Options Exercise $0 -6.97K -100% $0.00* 0 Dec 19, 2023 Common Stock 6.97K $59.68 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
F2 This transaction was executed in multiple trades at prices ranging from $165.03 to $165.29. 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 option vests in two equal annual installments beginning on July 27, 2019.