Kiernan Daniel J. - Sep 23, 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Anthony G. Morrow, Attorney-in-fact for Kiernan, Daniel J.
Stock symbol
DRI
Transactions as of
Sep 23, 2024
Transactions value $
-$2,154,747
Form type
4
Date filed
9/25/2024, 03:38 PM
Previous filing
Jul 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $647K +10.8K +39.62% $59.68 38.2K Sep 23, 2024 Direct
transaction DRI Common Stock Options Exercise $461K +5.37K +14.06% $85.83 43.6K Sep 23, 2024 Direct
transaction DRI Common Stock Options Exercise $290K +4.46K +10.23% $65.02 48K Sep 23, 2024 Direct
transaction DRI Common Stock Sale -$3.55M -20.7K -43.03% $171.90 27.4K Sep 23, 2024 Direct F1
holding DRI Common Stock 145 Sep 23, 2024 By 401k and Spouse's 401k 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 -5.37K -100% $0.00 0 Sep 23, 2024 Common Stock 5.37K $85.83 Direct F3
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -10.8K -100% $0.00 0 Sep 23, 2024 Common Stock 10.8K $59.68 Direct F4
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -4.46K -100% $0.00 0 Sep 23, 2024 Common Stock 4.46K $65.02 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $171.84 to $172.07. 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.
F2 The number of shares reported is based on a recent plan statement and is derived from an undivided interest in a fund consisting of both Darden common stock and a small cash position that fluctuates from time to time. The number of shares reported may change based on the size of the cash position at the time of reporting and dividend reinvestments.
F3 This option vests in two equal annual installments beginning July 26, 2020.
F4 This option vests in two equal annual installments beginning July 27, 2019.
F5 This option vests in two equal annual installments beginning July 29, 2018.