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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.