Form 4 for DRI Darden Restaurants
Accepted 2022-08-01 00:00:00 ET · period of report 2022-07-29 · accession 0001225208-22-009072 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-08-01 | 2022-07-29 | DRI | LEE EUGENE I JR | Dir, Executive COB | M - OptEx | $0.00 | +36.7K | 278.3K | +15% | $0 |
| D | 2022-08-01 | 2022-07-29 | DRI | LEE EUGENE I JR | Dir, Executive COB | F - Tax | $126.58 | -14.4K | 263.9K | -5% | -$1.83M |
| D | 2022-08-01 | 2022-07-29 | DRI | LEE EUGENE I JR | Dir, Executive COB | M - OptEx | $0.00 | -36.7K | 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 | 2022-07-29 | M | A | 36,651 | $0.00 | 278,346 | D | — | — | (F1) Performance restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2022-07-29 | F | D | 14,424 | $126.58 | 263,922 | D | — | — | |
| 3 | Derivative | Performance Restricted Stock Units (CEO) | 2022-07-29 | M | D | 36,651 | $0.00 | 0 | D | — · — to — | 36,651 Common Stock | (F2) 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 ofthree-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% vested on May 29, 2022. (F3) Includes 3,957 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement. (F1) Performance restricted stock units convert into common stock on a one-for-one basis. (F4) 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. |