Form 4 for DRI Darden Restaurants
Accepted 2023-07-26 00:00:00 ET · period of report 2023-07-24 · accession 0001225208-23-007693 · 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 | 2023-07-26 | 2023-07-24 | DRI | LEE EUGENE I JR | Dir, COB | M - OptEx | $104.58 | +37.8K | 195.8K | +24% | +$3.95M |
| D | 2023-07-26 | 2023-07-24 | DRI | LEE EUGENE I JR | Dir, COB | F - Tax | $170.37 | -2,354 | 193.4K | -1% | -$401.1K |
| DM | 2023-07-26 | 2023-07-24 | DRI | LEE EUGENE I JR | Dir, COB | S - Sale+OE | $169.85 | -35.4K | 189.8K | -16% | -$6.02M |
| DM | 2023-07-26 | 2023-07-24 | DRI | LEE EUGENE I JR | Dir, COB | M - OptEx | $0.00 | -37.8K | 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 | 2023-07-24 | M | A | 31,818 | $124.24 | 189,775 | D | — | — | |
| 2 | Common | Common Stock | 2023-07-24 | M | A | 5,982 | $0.00 | 195,757 | D | — | — | (F1) Performance restricted stock units convert into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2023-07-24 | F | D | 2,354 | $170.37 | 193,403 | D | — | — | |
| 4 | Common | Common Stock | 2023-07-24 | S | D | 31,818 | $169.87 | 157,957 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $169.52 to $170.18. 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 | Common | Common Stock | 2023-07-24 | S | D | 3,628 | $169.63 | 189,775 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $169.53 to $169.81. 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. |
| 6 | Derivative | Performance Restricted Stock Units (FY20) | 2023-07-24 | M | D | 5,982 | $0.00 | 0 | D | — · — to 2023-07-24 | 5,982 Common Stock | (F1) Performance restricted stock units convert into common stock on a one-for-one basis. (F4) This grant vested in two equal annual installments beginning on July 24, 2022. |
| 7 | Derivative | Stock Option (Right to Buy) | 2023-07-24 | M | D | 31,818 | $0.00 | 0 | D | $124.24 · — to 2029-07-24 | 31,818 Common Stock | (F5) This option vested in two equal annual installments beginning on July 24, 2022. |