Kiernan Daniel J. - Jul 24, 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Jessica P. Lange, Attorney-in-fact for Kiernan, Daniel J.
Stock symbol
DRI
Transactions as of
Jul 24, 2023
Transactions value $
-$10,810
Form type
4
Date filed
7/28/2023, 04:22 PM
Previous filing
Jun 30, 2023
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +63 $0.00 63 Jul 24, 2023 By Spouse F1
transaction DRI Common Stock Disposed to Issuer -$10.8K -63 -100% $171.58 0 Jul 24, 2023 By Spouse
holding DRI Common Stock 16.7K Jul 24, 2023 Direct
holding DRI Common Stock 138 Jul 24, 2023 By 401k and Spouse's 401k

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 (FY24 Annual Grant) Award $0 +2.56K $0.00 2.56K Jul 26, 2023 Common Stock 2.56K Direct F2
transaction DRI Stock Option (Right to Buy) Award $0 +7.71K $0.00 7.71K Jul 26, 2023 Common Stock 7.71K $169.02 Direct F3
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -63 -100% $0.00* 0 Jul 24, 2023 Common Stock 63 By Spouse F1, F4
transaction DRI Restricted Stock Units (FY24 Annual Grant) Award $0 +98 $0.00 98 Jul 26, 2023 Common Stock 98 By Spouse F2
transaction DRI Stock Option (Right to Buy) Award $0 +295 $0.00 295 Jul 26, 2023 Common Stock 295 $169.02 By Spouse F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (Darden Stock Unit "DSU") is the economic equivalent of one share of DRI common stock. The restricted stock unit (DSU) becomes payable in cash upon vesting.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 This option vests in two equal annual installments beginning on July 26, 2026.
F4 This grant vested in two equal annual installments beginning on July 24, 2022.