Melvin John Martin - 26 Dec 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Signature
Jessica P. Lange, Attorney-in-fact for Martin, Melvin John
Issuer symbol
DRI
Transactions as of
26 Dec 2024
Net transactions value
-$762,970
Form type
4
Filing time
30 Dec 2024, 08:55:09 UTC
Previous filing
08 Oct 2024
Next filing
27 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $1,018,025 +9,470 +75% $107.50 22,081 26 Dec 2024 Direct F1
transaction DRI Common Stock Sale $1,780,995 -9,470 -43% $188.07 12,611 26 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 -9,470 -100% $0.000000 0 26 Dec 2024 Common Stock 9,470 $107.50 Direct F3
* 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 $187.80 to $188.28. 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.