Burrowes Todd - Jan 14, 2025 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Business Developmt
Signature
Anthony G. Morrow, Attorney-in-fact for Burrowes, Todd
Stock symbol
DRI
Transactions as of
Jan 14, 2025
Transactions value $
-$2,888,793
Form type
4
Date filed
1/15/2025, 03:16 PM
Previous filing
Sep 26, 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 $1.69M +15.8K +32.35% $107.05 64.6K Jan 14, 2025 Direct F1
transaction DRI Common Stock Sale -$257K -1.4K -2.16% $183.89 63.2K Jan 14, 2025 Direct F1, F2
transaction DRI Common Stock Gift $0 -2.5K -3.96% $0.00 60.7K Jan 14, 2025 Direct F1
transaction DRI Common Stock Sale -$2.63M -14.4K -23.71% $182.95 46.3K Jan 14, 2025 Direct F1, F3

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 -$1.69M -15.8K -100% $107.05 0 Jan 14, 2025 Common Stock 15.8K $107.05 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
F2 This transaction was executed in multiple trades at prices ranging from $183.6432 to $184.1400. 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.
F3 This transaction was executed in multiple trades at prices ranging from $182.4431 to $183.3900. 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.
F4 This option vested in two equal annual installments beginning on July 25, 2021.