Sonsteby Charles M - Sep 21, 2022 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Director
Signature
Jessica P. Lange, Attorney-in-fact for Sonsteby, Charles M.
Stock symbol
DRI
Transactions as of
Sep 21, 2022
Transactions value $
$0
Form type
4
Date filed
9/23/2022, 02:04 PM
Previous filing
Aug 30, 2022
Next filing
Nov 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRI Common Stock 18.2K Sep 21, 2022 Direct F1
holding DRI Common Stock 7.16K Sep 21, 2022 By GRAT 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 (FY23 Director Annual Grant) Award $0 +1.68K $0.00 1.68K Sep 21, 2022 Common Stock 1.68K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2842 shares were previously reported as indirectly beneficially owned but were distributed from the reporting person's grantor retained annuity trust to direct holdings on September 9, 2022.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders. The director has a one time option to defer settlement until their termination from the board.