Form 4 for DRI Darden Restaurants
Accepted 2023-05-02 00:00:00 ET · period of report 2023-04-28 · accession 0001225208-23-005224 · 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 | 2023-05-02 | 2023-04-28 | DRI | Martin Melvin John | Pres, SRG | M - OptEx | $0.00 | +5,212 | 17.6K | +42% | $0 |
| D | 2023-05-02 | 2023-04-28 | DRI | Martin Melvin John | Pres, SRG | F - Tax | $151.93 | -1,270 | 16.4K | -7% | -$193.0K |
| D | 2023-05-02 | 2023-04-28 | DRI | Martin Melvin John | Pres, SRG | M - OptEx | $0.00 | -5,212 | 0 | -100% | $0 |
| D | 2023-05-02 | 2023-04-28 | DRI | Martin Melvin John | Pres, SRG | A - Grant | $0.00 | +5,212 | 5,212 | New | $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 | 2023-04-28 | M | A | 5,212 | $0.00 | 17,624.75 | D | — | — | (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. |
| 2 | Common | Common Stock | 2023-04-28 | F | D | 1,270 | $151.93 | 16,354.75 | D | — | — | (F2) Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. |
| 3 | Derivative | Performance Restricted Stock Units (FY19) (CB) | 2023-04-28 | M | D | 5,212 | $0.00 | 0 | D | — · — to 2024-07-24 | 5,212 Common Stock | (F1) Performance restricted stock units convert into common stock on a one-for-one basis. (F5) The earned PSUs vest on the date that they are earned. |
| 4 | Derivative | Performance Restricted Stock Units (FY19) (CB) | 2023-04-28 | A | A | 5,212 | $0.00 | 5,212 | D | — · — to 2024-07-24 | 5,212 Common Stock | (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. (F1) Performance restricted stock units convert into common stock on a one-for-one basis. (F5) The earned PSUs vest on the date that they are earned. |