Form 4 for DRI Darden Restaurants
Accepted 2021-08-02 00:00:00 ET · period of report 2021-07-29 · accession 0001225208-21-010990 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-08-02 | 2021-07-29+ | DRI | LEE EUGENE I JR | COB, CEO, Dir | M - OptEx | $30.62 | +59.9K | 283.6K | +27% | +$1.84M |
| D | 2021-08-02 | 2021-07-30 | DRI | LEE EUGENE I JR | COB, CEO, Dir | F - Tax | $150.23 | -11.5K | 272.1K | -4% | -$1.72M |
| D | 2021-08-02 | 2021-07-29 | DRI | LEE EUGENE I JR | COB, CEO, Dir | S - Sale+OE | $150.18 | -30.7K | 254.4K | -11% | -$4.62M |
| DM | 2021-08-02 | 2021-07-29+ | DRI | LEE EUGENE I JR | COB, CEO, Dir | M - OptEx | $0.00 | -59.9K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-07-29 | M | A | 30,748 | $59.68 | 285,138 | D | — | — | |
| 2 | Common | Common Stock | 2021-07-30 | M | A | 29,177 | $0.00 | 283,567 | D | — | — | (F3) Performance restricted stock units convert into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2021-07-30 | F | D | 11,482 | $150.23 | 272,085 | D | — | — | |
| 4 | Common | Common Stock | 2021-07-29 | S | D | 30,748 | $150.18 | 254,390 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $150.00 to $150.63. 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. |
| 5 | Derivative | Performance Restricted Stock Units (CEO) | 2021-07-30 | M | D | 29,177 | $0.00 | 0 | D | — · — to — | 29,177 Common Stock | (F5) On June 29, 2017, the Reporting Person was awarded 81,735 target special performance restricted stock units (PSUs) that vest in three tranches subject to the achievement of performance criteria (achievement of three-year, four-year and five-year EBITDA targets). 26.7% vested on May 31, 2020, 33.3% vested on May 30, 2021 and the remaining 40% will vest on May 29, 2022. (F6) Includes 1,959 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement. (F3) Performance restricted stock units convert into common stock on a one-for-one basis. (F7) Earned PSUs settled into common stock on the fifth business day following the Chief Financial Officer's certification of the Company's achievement of the performance goal for the applicable performance period. |
| 6 | Derivative | Stock Option (Right to Buy) | 2021-07-29 | M | D | 30,748 | $0.00 | 0 | D | $59.68 · — to 2026-07-27 | 30,748 Common Stock | (F4) This option vested in two equal annual installments beginning on July 27, 2019. |