Form 4 for DRI Darden Restaurants
Accepted 2023-07-28 00:00:00 ET · period of report 2023-07-24 · accession 0001225208-23-007760 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-07-28 | 2023-07-24 | DRI | Kiernan Daniel J. | Pres, Olive Garden | M - OptEx | $0.00 | +63 | 63 | New | $0 |
| DI | 2023-07-28 | 2023-07-24 | DRI | Kiernan Daniel J. | Pres, Olive Garden | D - Sale to Iss | $171.58 | -63 | 0 | -100% | -$10.8K |
| DMI | 2023-07-28 | 2023-07-26 | DRI | Kiernan Daniel J. | Pres, Olive Garden | A - Grant | $0.00 | +393 | 98 | New | $0 |
| DI | 2023-07-28 | 2023-07-24 | DRI | Kiernan Daniel J. | Pres, Olive Garden | M - OptEx | $0.00 | -63 | 0 | -100% | $0 |
| DM | 2023-07-28 | 2023-07-26 | DRI | Kiernan Daniel J. | Pres, Olive Garden | A - Grant | $0.00 | +10.3K | 2,558 | 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 | 2023-07-24 | M | A | 63 | $0.00 | 63 | I By Spouse | — | — | (F1) Each restricted stock unit (Darden Stock Unit "DSU") is the economic equivalent of one share of DRI common stock. The restricted stock unit (DSU) becomes payable in cash upon vesting. |
| 2 | Common | Common Stock | 2023-07-24 | D | D | 63 | $171.58 | 0 | I By Spouse | — | — | |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-07-26 | A | A | 295 | $0.00 | 295 | I | $169.02 · — to 2033-07-26 | 295 Common Stock | (F3) This option vests in two equal annual installments beginning on July 26, 2026. |
| 4 | Derivative | Restricted Stock Units (FY24 Annual Grant) | 2023-07-26 | A | A | 98 | $0.00 | 98 | I | — · 2026-07-26 to 2026-07-26 | 98 Common Stock | (F2) Restricted stock units convert into common stock on a one-for-one basis. |
| 5 | Derivative | Restricted Stock Units (DSU) | 2023-07-24 | M | D | 63 | $0.00 | 0 | I By Spouse | — · — to 2023-07-24 | 63 Common Stock | (F1) Each restricted stock unit (Darden Stock Unit "DSU") is the economic equivalent of one share of DRI common stock. The restricted stock unit (DSU) becomes payable in cash upon vesting. (F4) This grant vested in two equal annual installments beginning on July 24, 2022. |
| 6 | Derivative | Stock Option (Right to Buy) | 2023-07-26 | A | A | 7,705 | $0.00 | 7,705 | D By Spouse | $169.02 · — to 2033-07-26 | 7,705 Common Stock | (F3) This option vests in two equal annual installments beginning on July 26, 2026. |
| 7 | Derivative | Restricted Stock Units (FY24 Annual Grant) | 2023-07-26 | A | A | 2,558 | $0.00 | 2,558 | D By Spouse | — · 2026-07-26 to 2026-07-26 | 2,558 Common Stock | (F2) Restricted stock units convert into common stock on a one-for-one basis. |