Nana Mensah - 28 Jan 2025 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Director
Signature
Anthony G. Morrow, Attorney-in-fact for MENSAH, NANA
Issuer symbol
DRI
Transactions as of
28 Jan 2025
Net transactions value
$0
Form type
4
Filing time
30 Jan 2025, 16:42:11 UTC
Previous 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 +2,834 +28340% $0.000000 2,844 28 Jan 2025 Direct F1
transaction DRI Common Stock Options Exercise $0 +1,565 +55% $0.000000 4,409 28 Jan 2025 Direct F1
transaction DRI Common Stock Options Exercise $0 +1,379 +31% $0.000000 5,788 28 Jan 2025 Direct F1

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 Restricted Stock Units (FY17 Annual Grant) Options Exercise $0 -1,379 -100% $0.000000 0 28 Jan 2025 Common Stock 1,379 Direct F1, F2
transaction DRI Restricted Stock Units (FY17 Director Compensation) Options Exercise $0 -2,834 -100% $0.000000 0 28 Jan 2025 Common Stock 2,834 Direct F1, F3
transaction DRI Restricted Stock Units (FY18 Director Annual Grant) Options Exercise $0 -1,565 -100% $0.000000 0 28 Jan 2025 Common Stock 1,565 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nana Mensah is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The RSUs vested on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders. The Reporting Person utilized a one time option to defer settlement until his termination from the board.
F3 The Reporting Person elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units for which vested shares were delivered to the Reporting Person on the Reporting Person's termination of service as a director.