DARDEN RESTAURANTS INC — Director's Dealing 2020

Jun 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DARDEN RESTAURANTS INC (DRI)
CIK: 0000940944
Period of Report: 2020-06-23

Reporting Person: Broad Matthew R (SVP General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-23	Performance Restricted Stock Units (FY18)	$	A	3316.0000	Acquired	2021-07-26	Common Stock (3316.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8611.0000	Direct

Footnotes

F1: On July 26, 2017, the Reporting Person was awarded 3,316 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (relative total shareholder return as compared to a selected comparison group) from July 26, 2017 through May 31, 2020.

F2: Performance restricted stock units convert into common stock on a one-for-one basis.

F3: On June 23, 2020, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 3,316 PSUs being earned in accordance with the provisions of the applicable award agreement. Pursuant to the terms of the applicable award agreement, additional shares of Darden common stock representing accrued dividend equivalents will be delivered to the Reporting Person upon settlement of the PSUs.

F4: This grant vests in two equal annual installments beginning on July 26, 2020.