Matthew R. Broad - 28 Jul 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP General Counsel
Signature
Anthony G. Morrow, Attorney-in-fact for Broad, Matthew R.
Issuer symbol
DRI
Transactions as of
28 Jul 2024
Net transactions value
-$979,654
Form type
4
Filing time
30 Jul 2024, 19:21:12 UTC
Previous filing
26 Jul 2024
Next filing
31 Jul 2024
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 +2,264 +12% $0.000000 21,485 28 Jul 2024 Direct F1, F2
transaction DRI Common Stock Options Exercise $0 +1,703 +7.9% $0.000000 23,188 28 Jul 2024 Direct F2, F3
transaction DRI Common Stock Tax liability $95,463 -671 -2.9% $142.27 22,517 28 Jul 2024 Direct F2
transaction DRI Common Stock Tax liability $126,763 -891 -4% $142.27 21,626 28 Jul 2024 Direct F2
transaction DRI Common Stock Gift $0 -300 -1.4% $0.000000 21,326 29 Jul 2024 Direct F2
transaction DRI Common Stock Sale $757,428 -5,171 -24% $146.48 16,155 29 Jul 2024 Direct F2, 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 Performance Restricted Stock Units (FY22) Options Exercise $0 -2,264 -50% $0.000000 2,265 28 Jul 2024 Common Stock 2,264 Direct F1, F5
transaction DRI Restricted Stock Units (FY22 Annual Grant) Options Exercise $0 -1,703 -100% $0.000000* 0 28 Jul 2024 Common Stock 1,703 Direct F3
* 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 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 This transaction was executed in multiple trades at prices ranging from $146.385 to $146.59. 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 grant vests in two equal annual installments beginning on July 28, 2024.