Daniel J. Kiernan - 29 Jul 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.
Issuer symbol
DRI
Transactions as of
29 Jul 2024
Net transactions value
-$278,543
Form type
4
Filing time
31 Jul 2024, 17:07:46 UTC
Previous filing
30 Jul 2024
Next filing
25 Sep 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 +4,544 +18% $0.000000 29,144 29 Jul 2024 Direct F1
transaction DRI Common Stock Tax liability $254,521 -1,789 -6.1% $142.27 27,355 29 Jul 2024 Direct
transaction DRI Common Stock Options Exercise $0 +169 $0.000000 169 29 Jul 2024 By Spouse F2
transaction DRI Common Stock Sale $24,022 -169 -100% $142.14 0 29 Jul 2024 By Spouse
holding DRI Common Stock 143 29 Jul 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 -4,544 -100% $0.000000* 0 29 Jul 2024 Common Stock 4,544 Direct F1, F3
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -169 -100% $0.000000* 0 29 Jul 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.