Ricardo Cardenas - 23 Sep 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President and CEO, Director
Signature
Anthony G. Morrow, Attorney-in-fact for Cardenas, Ricardo
Issuer symbol
DRI
Transactions as of
23 Sep 2024
Net transactions value
-$4,247,680
Form type
4
Filing time
25 Sep 2024, 14:59:53 UTC
Previous filing
31 Jul 2024
Next filing
26 Mar 2025
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 $1,385,889 +23,222 +38% $59.68 84,797 23 Sep 2024 Direct F1
transaction DRI Common Stock Options Exercise $1,646,305 +19,181 +23% $85.83 103,978 23 Sep 2024 Direct F1
transaction DRI Common Stock Gift $0 -2,890 -2.8% $0.000000 101,088 23 Sep 2024 Direct F1
transaction DRI Common Stock Sale $2,399,922 -13,937 -14% $172.20 87,151 23 Sep 2024 Direct F1, F2
transaction DRI Common Stock Sale $4,879,952 -28,466 -33% $171.43 58,685 23 Sep 2024 Direct F1, F3

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 Stock Option (Right to Buy) Options Exercise $0 -19,181 -100% $0.000000 0 23 Sep 2024 Common Stock 19,181 $85.83 Direct F4
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -23,222 -100% $0.000000 0 23 Sep 2024 Common Stock 23,222 $59.68 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
F2 This transaction was executed in multiple trades at prices ranging from $171.94 to $172.50. 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.
F3 This transaction was executed in multiple trades at prices ranging from $170.94 to $171.93. 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 option vests in two equal annual installments beginning on July 26, 2020.
F5 This option vests in two equal annual installments beginning on July 27, 2019.