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

Signature
Jessica P. Lange, Attorney-in-fact for King, Sarah H.
Stock symbol
DRI
Transactions as of
Jul 29, 2024
Transactions value $
-$1,534,287
Form type
4
Date filed
7/31/2024, 05:07 PM
Previous filing
Jul 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +3.28K +115.26% $0.00 6.13K Jul 29, 2024 Direct F1, F2
transaction DRI Common Stock Tax liability -$178K -1.25K -20.39% $142.27 4.88K Jul 29, 2024 Direct F2
transaction DRI Common Stock Options Exercise $988K +11.5K +235.87% $85.83 16.4K Jul 30, 2024 Direct F2
transaction DRI Common Stock Sale -$149K -1.01K -6.15% $147.69 15.4K Jul 30, 2024 Direct F2, F3
transaction DRI Common Stock Sale -$651K -4.43K -28.82% $146.81 10.9K Jul 30, 2024 Direct F2, F4
transaction DRI Common Stock Sale -$1.54M -10.5K -95.91% $147.10 447 Jul 30, 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 -3.28K -100% $0.00* 0 Jul 29, 2024 Common Stock 3.28K Direct F1, F6
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -11.5K -100% $0.00* 0 Jul 30, 2024 Common Stock 11.5K $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.