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DARDEN RESTAURANTS INC Director's Dealing 2023

May 2, 2023

30252_dirs_2023-05-02_fd1139a9-b40f-4eda-937f-9fb90c8b9250.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DARDEN RESTAURANTS INC (DRI)
CIK: 0000940944
Period of Report: 2023-04-28

Reporting Person: Martin Melvin John (President, SRG)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-04-28 Common Stock M 5212.0000 Acquired 17624.7460 Direct
2023-04-28 Common Stock F 1270.0000 $151.9300 Disposed 16354.7460 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2023-04-28 Performance Restricted Stock Units (FY19) (CB) $ A 5212.0000 Acquired 2024-07-24 Common Stock (5212.0000) Direct
2023-04-28 Performance Restricted Stock Units (FY19) (CB) $ M 5212.0000 Disposed 2024-07-24 Common Stock (5212.0000) Direct

Footnotes

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: On July 25, 2018, the Reporting Person was awarded 10,423 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (Capital Burger restaurant openings performance goal) from July 25, 2018 through July 24, 2024.

F4: On April 28, 2023, the Compensation Committee Chair determined that the Tranche 1 performance criteria under the applicable award agreement were achieved resulting in 5212 PSUs being earned in accordance with the provisions of such award agreement.

F5: The earned PSUs vest on the date that they are earned.