Form 4 for DRI Darden Restaurants
Accepted 2023-06-30 00:00:00 ET · period of report 2023-06-29 · accession 0001225208-23-007028 · 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 | 2023-06-30 | 2023-06-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | S - Sale+OE | $165.09 | -12.6K | 16.0K | -44% | -$2.09M |
| D | 2023-06-30 | 2023-06-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | M - OptEx | $39.53 | +12.6K | 28.7K | +79% | +$499.6K |
| D | 2023-06-30 | 2023-06-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | M - OptEx | $0.00 | -12.6K | 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 | 2023-06-29 | S | D | 12,639 | $165.09 | 16,043.09 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $164.94 to $165.17. 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. |
| 2 | Common | Common Stock | 2023-06-29 | M | A | 12,639 | $39.53 | 28,682.09 | D | — | — | |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-06-29 | M | D | 12,639 | $0.00 | 0 | D | $39.53 · — to 2024-07-23 | 12,639 Common Stock | (F3) On July 23, 2018, the reporting person exercised and sold 4,127 stock options at $111.3439 pursuant to a domestic relations order. No Form 4s are required to report transactions pursuant to a domestic relations order such as a marital settlement agreement. Any changes to the aggregate non-derivative or common stock holdings will be footnoted in the next applicable future filing. (No changes to common stock as a result of this exercise/sale.) (F2) This option vested in two equal annual installments beginning on July 23, 2017. |