Eugene I. Lee Jr - Jul 29, 2023 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role: Director, Chairman of the Board
Signature: Anthony G. Morrow, Attorney-in-fact for Lee, Eugene I. Jr.
Stock symbol: DRI
Transactions as of: Jul 29, 2023
Transactions value $: -$4,436,935
Form type: 4
Date filed: 8/1/2023, 05:24 PM
Previous filing: Aug 1, 2023
Next filing: Aug 3, 2023
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	+50.5K	+31.96%	$0.00	208K	Jul 29, 2023	Direct	F1
transaction	DRI	Common Stock	Options Exercise	$0	+16.8K	+8.07%	$0.00	225K	Jul 29, 2023	Direct	F2
transaction	DRI	Common Stock	Tax liability	-$1.11M	-6.62K	-2.94%	$167.52	219K	Jul 29, 2023	Direct
transaction	DRI	Common Stock	Tax liability	-$3.33M	-19.9K	-9.09%	$167.52	199K	Jul 29, 2023	Direct

Showing 1 to 4 of 4 entries

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	Performance Restricted Stock Units (FY21)	Options Exercise	$0	-50.5K	-100%	$0.00^*	0	Jul 29, 2023	Common Stock	50.5K		Direct	F1, F3
transaction	DRI	Restricted Stock Units (FY21 Annual Grant)	Options Exercise	$0	-16.8K	-100%	$0.00^*	0	Jul 29, 2023	Common Stock	16.8K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance restricted stock units convert into common stock on a one-for-one basis.
F2	Restricted stock units convert into common stock on a one-for-one basis.
F3	This grant vested in full on July 29, 2023 as a result of the reporting person having met the provisions for Normal Retirement in the applicable Award Agreement.