Martin Melvin John - 29 Jul 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, SRG
Signature
Jessica P. Lange, Attorney-in-fact for Martin, Melvin John
Issuer symbol
DRI
Transactions as of
29 Jul 2024
Net transactions value
-$254,521
Form type
4
Filing time
31 Jul 2024, 17:08:56 UTC
Previous filing
30 Jul 2024
Next filing
30 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 +4,544 +31% $0.000000 19,341 29 Jul 2024 Direct F1, F2
transaction DRI Common Stock Tax liability $254,521 -1,789 -9.2% $142.27 17,552 29 Jul 2024 Direct 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 Performance Restricted Stock Units (FY21) Options Exercise $0 -4,544 -100% $0.000000* 0 29 Jul 2024 Common Stock 4,544 Direct F1, F3
* 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 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
F3 This grant vested in two equal annual installments beginning on July 29, 2023.