Rajesh Vennam - 23 Dec 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
SVP, CFO
Signature
Jessica P. Lange, Attorney-in-fact for Vennam, Rajesh
Issuer symbol
DRI
Transactions as of
23 Dec 2024
Net transactions value
-$654,460
Form type
4
Filing time
26 Dec 2024, 16:50:13 UTC
Previous filing
31 Jul 2024
Next filing
19 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $320,958 +4,071 +40% $78.84 14,333 23 Dec 2024 Direct F1
transaction DRI Common Stock Options Exercise $337,957 +3,157 +22% $107.05 17,490 23 Dec 2024 Direct F1
transaction DRI Common Stock Sale $1,313,375 -7,228 -41% $181.71 10,262 23 Dec 2024 Direct F1, F2

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 -3,157 -100% $0.000000 0 23 Dec 2024 Common Stock 3,157 $107.05 Direct F3
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -4,071 -100% $0.000000 0 23 Dec 2024 Common Stock 4,071 $78.84 Direct F4
* 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 $181.40 to $181.9189. 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 option vested in two equal annual installments beginning on July 25, 2021.
F4 This option vested in two equal annual installments beginning on July 29, 2023.