Broad Matthew R - Jul 28, 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.
Stock symbol
DRI
Transactions as of
Jul 28, 2024
Transactions value $
-$979,654
Form type
4
Date filed
7/30/2024, 07:21 PM
Previous filing
Jul 26, 2024
Next filing
Jul 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +2.26K +11.78% $0.00 21.5K Jul 28, 2024 Direct F1, F2
transaction DRI Common Stock Options Exercise $0 +1.7K +7.93% $0.00 23.2K Jul 28, 2024 Direct F2, F3
transaction DRI Common Stock Tax liability -$95.5K -671 -2.89% $142.27 22.5K Jul 28, 2024 Direct F2
transaction DRI Common Stock Tax liability -$127K -891 -3.96% $142.27 21.6K Jul 28, 2024 Direct F2
transaction DRI Common Stock Gift $0 -300 -1.39% $0.00 21.3K Jul 29, 2024 Direct F2
transaction DRI Common Stock Sale -$757K -5.17K -24.25% $146.48 16.2K Jul 29, 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 -2.26K -49.99% $0.00 2.27K Jul 28, 2024 Common Stock 2.26K Direct F1, F5
transaction DRI Restricted Stock Units (FY22 Annual Grant) Options Exercise $0 -1.7K -100% $0.00* 0 Jul 28, 2024 Common Stock 1.7K 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.