Kiernan Daniel J. - Jul 29, 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Jessica P. Lange, Attorney-in-fact for Kiernan, Daniel J.
Stock symbol
DRI
Transactions as of
Jul 29, 2024
Transactions value $
-$278,543
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 +4.54K +18.47% $0.00 29.1K Jul 29, 2024 Direct F1
transaction DRI Common Stock Tax liability -$255K -1.79K -6.14% $142.27 27.4K Jul 29, 2024 Direct
transaction DRI Common Stock Options Exercise $0 +169 $0.00 169 Jul 29, 2024 By Spouse F2
transaction DRI Common Stock Sale -$24K -169 -100% $142.14 0 Jul 29, 2024 By Spouse
holding DRI Common Stock 143 Jul 29, 2024 By 401k and Spouse's 401k

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 -4.54K -100% $0.00* 0 Jul 29, 2024 Common Stock 4.54K Direct F1, F3
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -169 -100% $0.00* 0 Jul 29, 2024 Common Stock 169 By Spouse F2, 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 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.
F3 This grant vested in two equal annual installments beginning on July 29, 2023.