SONSTEBY CHARLES M - 18 Sep 2024 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Director
Signature
Jessica P. Lange, Attorney-in-fact for Sonsteby, Charles M.
Issuer symbol
DRI
Transactions as of
18 Sep 2024
Net transactions value
$0
Form type
4
Filing time
20 Sep 2024, 10:32:10 UTC
Previous filing
29 Jan 2024
Next filing
26 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +1,171 +4.6% $0.000000 26,536 18 Sep 2024 Direct F1, 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 Restricted Stock Units (FY24 Director Annual Grant) Options Exercise -1,171 -100% 0 18 Sep 2024 Common Stock 1,171 Direct F1, F3
transaction DRI Restricted Stock Units (FY25 Director Annual Grant) Award $0 +1,162 $0.000000 1,162 18 Sep 2024 Common Stock 1,162 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 4,056 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, 2024.
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.
F4 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.