Daniel J. Kiernan - 28 Jul 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Anthony G. Morrow, Attorney-in-fact for Kiernan, Daniel J.
Issuer symbol
DRI
Transactions as of
28 Jul 2024
Net transactions value
-$274,286
Form type
4
Filing time
30 Jul 2024, 19:22:23 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 +2,943 +14% $0.000000 24,230 28 Jul 2024 Direct F1
transaction DRI Common Stock Options Exercise $0 +2,213 +9.1% $0.000000 26,443 28 Jul 2024 Direct F2
transaction DRI Common Stock Tax liability $123,917 -871 -3.3% $142.27 25,572 28 Jul 2024 Direct
transaction DRI Common Stock Tax liability $138,286 -972 -3.8% $142.27 24,600 28 Jul 2024 Direct
transaction DRI Common Stock Options Exercise $0 +85 $0.000000 85 28 Jul 2024 By Spouse F3
transaction DRI Common Stock Sale $12,082 -85 -100% $142.14 0 28 Jul 2024 By Spouse
holding DRI Common Stock 143 28 Jul 2024 By 401k and Spouse's 401k 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 -2,943 -50% $0.000000 2,945 28 Jul 2024 Common Stock 2,943 Direct F1, F5
transaction DRI Restricted Stock Units (FY22 Annual Grant) Options Exercise $0 -2,213 -100% $0.000000* 0 28 Jul 2024 Common Stock 2,213 Direct F2
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -85 -50% $0.000000 85 28 Jul 2024 Common Stock 85 By Spouse F3, F5
* 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 Restricted stock units convert into common stock on a one-for-one basis.
F3 Each restricted stock unit (Darden Stock Unit "DSU") is the economic equivalent of one share of DRI common stock. The restricted stock unit (DSU) becomes payable in cash upon vesting.
F4 Represents holdings in the unitized Darden stock fund under the company's 401k plan for both the reporting person and the reporting person's spouse as of plan statements dated June 30, 2024.
F5 This grant vests in two equal annual installments beginning on July 28, 2024.