Cardenas Ricardo - Jul 28, 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President and CEO, Director
Signature
Anthony G. Morrow, Attorney-in-fact for Cardenas, Ricardo
Stock symbol
DRI
Transactions as of
Jul 28, 2024
Transactions value $
-$488,840
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 +4.98K +9.65% $0.00 56.6K Jul 28, 2024 Direct F1, F2
transaction DRI Common Stock Options Exercise $0 +3.75K +6.62% $0.00 60.4K Jul 28, 2024 Direct F2, F3
transaction DRI Common Stock Tax liability -$210K -1.48K -2.44% $142.27 58.9K Jul 28, 2024 Direct F2
transaction DRI Common Stock Tax liability -$279K -1.96K -3.33% $142.27 56.9K Jul 28, 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 -4.98K -50% $0.00 4.98K Jul 28, 2024 Common Stock 4.98K Direct F1, F4
transaction DRI Restricted Stock Units (FY22 Annual Grant) Options Exercise $0 -3.75K -100% $0.00* 0 Jul 28, 2024 Common Stock 3.75K 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.