Kiernan Daniel J. - Jun 18, 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Jessica P. Lange, Attorney-in-fact for Kiernan, Daniel J.
Stock symbol
DRI
Transactions as of
Jun 18, 2024
Transactions value $
$0
Form type
4
Date filed
6/21/2024, 02:29 PM
Previous filing
Aug 1, 2023
Next filing
Jul 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRI Common Stock 21.3K Jun 18, 2024 Direct
holding DRI Common Stock 142 Jun 18, 2024 By 401k and Spouse's 401k

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 (FY22) Award $0 +5.89K $0.00 5.89K Jun 18, 2024 Common Stock 5.89K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 28, 2021, the Reporting Person was awarded 4,427 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (relative total shareholder return as compared to a selected comparison group) from July 28, 2021 through May 26, 2024.
F2 Performance restricted stock units convert into common stock on a one-for-one basis.
F3 On June 18, 2024, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 5,888 PSUs being earned in accordance with the provisions of the applicable award agreement.
F4 This grant vests in two equal annual installments beginning on July 28, 2024.