Sarah H. King - 29 Jul 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Signature
Jessica P. Lange, Attorney-in-fact for King, Sarah H.
Issuer symbol
DRI
Transactions as of
29 Jul 2024
Net transactions value
-$1,534,287
Form type
4
Filing time
31 Jul 2024, 17:07:42 UTC
Previous filing
30 Jul 2024
Next filing
27 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +3,282 +115% $0.000000 6,129 29 Jul 2024 Direct F1, F2
transaction DRI Common Stock Tax liability $177,838 -1,250 -20% $142.27 4,879 29 Jul 2024 Direct F2
transaction DRI Common Stock Options Exercise $987,817 +11,509 +236% $85.83 16,388 30 Jul 2024 Direct F2
transaction DRI Common Stock Sale $148,867 -1,008 -6.2% $147.69 15,380 30 Jul 2024 Direct F2, F3
transaction DRI Common Stock Sale $650,669 -4,432 -29% $146.81 10,948 30 Jul 2024 Direct F2, F4
transaction DRI Common Stock Sale $1,544,730 -10,501 -96% $147.10 447 30 Jul 2024 Direct F2, F5

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 (FY21) Options Exercise $0 -3,282 -100% $0.000000* 0 29 Jul 2024 Common Stock 3,282 Direct F1, F6
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -11,509 -100% $0.000000* 0 30 Jul 2024 Common Stock 11,509 $85.83 Direct F7
* 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 This transaction was executed in multiple trades at prices ranging from $147.66 to $147.70. 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.
F4 This transaction was executed in multiple trades at prices ranging from $146.66 to $146.99. 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 transaction was executed in multiple trades at prices ranging from $146.66 to $147.635. 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.
F6 This grant vested in two equal annual installments beginning on July 29, 2023.
F7 This option vested in two equal annual installments beginning on July 26, 2020.