Todd Burrowes - 28 Jul 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Business Developmt
Signature
Anthony G. Morrow, Attorney-in-fact for Burrowes, Todd
Issuer symbol
DRI
Transactions as of
28 Jul 2024
Net transactions value
-$266,614
Form type
4
Filing time
30 Jul 2024, 19:21:14 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 +2,717 +5.9% $0.000000 48,895 28 Jul 2024 Direct F1, F2
transaction DRI Common Stock Options Exercise $0 +2,043 +4.2% $0.000000 50,938 28 Jul 2024 Direct F2, F3
transaction DRI Common Stock Tax liability $114,385 -804 -1.6% $142.27 50,134 28 Jul 2024 Direct F2
transaction DRI Common Stock Tax liability $152,229 -1,070 -2.1% $142.27 49,064 28 Jul 2024 Direct 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 Performance Restricted Stock Units (FY22) Options Exercise $0 -2,717 -50% $0.000000 2,717 28 Jul 2024 Common Stock 2,717 Direct F1, F4
transaction DRI Restricted Stock Units (FY22 Annual Grant) Options Exercise $0 -2,043 -100% $0.000000* 0 28 Jul 2024 Common Stock 2,043 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 grant vests in two equal annual installments beginning on July 28, 2024.