Form 4 for DRI Darden Restaurants
Accepted 2023-08-01 00:00:00 ET · period of report 2023-07-29 · accession 0001225208-23-007837 · 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 | 2023-08-01 | 2023-07-31 | DRI | Vennam Rajesh | SVP, CFO | S - Sale+OE | $169.08 | -5,314 | 5,958 | -47% | -$898.5K |
| D | 2023-08-01 | 2023-07-31 | DRI | Vennam Rajesh | SVP, CFO | G - Gift | $0.00 | -418 | 11.3K | -4% | $0 |
| DM | 2023-08-01 | 2023-07-29+ | DRI | Vennam Rajesh | SVP, CFO | M - OptEx | $50.70 | +7,838 | 7,079 | New | +$397.4K |
| DM | 2023-08-01 | 2023-07-29 | DRI | Vennam Rajesh | SVP, CFO | F - Tax | $167.52 | -703 | 6,745 | -9% | -$117.8K |
| DM | 2023-08-01 | 2023-07-29+ | DRI | Vennam Rajesh | SVP, CFO | M - OptEx | $0.00 | -7,838 | 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 | 2023-07-31 | S | D | 5,314 | $169.08 | 5,958.46 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $169.00 to $169.26. 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. (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 | 2023-07-31 | G | D | 418 | $0.00 | 11,272.46 | D | — | — | (F2) Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. |
| 3 | Common | Common Stock | 2023-07-31 | M | A | 2,245 | $59.68 | 11,690.46 | D | — | — | (F2) Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. |
| 4 | Common | Common Stock | 2023-07-31 | M | A | 3,069 | $85.83 | 9,445.46 | D | — | — | (F2) Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. |
| 5 | Common | Common Stock | 2023-07-29 | F | D | 369 | $167.52 | 6,376.46 | D | — | — | (F2) Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. |
| 6 | Common | Common Stock | 2023-07-29 | F | D | 334 | $167.52 | 6,745.46 | D | — | — | (F2) Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. |
| 7 | Common | Common Stock | 2023-07-29 | M | A | 1,514 | $0.00 | 6,069.46 | 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. |
| 8 | Common | Common Stock | 2023-07-29 | M | A | 1,010 | $0.00 | 7,079.46 | D | — | — | (F3) 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. |
| 9 | Derivative | Performance Restricted Stock Units (FY21) | 2023-07-29 | M | D | 1,514 | $0.00 | 1,515 | D | — · — to 2024-07-29 | 1,514 Common Stock | (F1) Performance restricted stock units convert into common stock on a one-for-one basis. (F5) This grant vests in two equal annual installments beginning on July 29, 2023. |
| 10 | Derivative | Restricted Stock Units | 2023-07-29 | M | D | 1,010 | $0.00 | 0 | D | — · 2023-07-29 to 2023-07-29 | 1,010 Common Stock | (F3) Restricted stock units convert into common stock on a one-for-one basis. |
| 11 | Derivative | Stock Option (Right to Buy) | 2023-07-31 | M | D | 3,069 | $0.00 | 0 | D | $85.83 · — to 2027-07-26 | 3,069 Common Stock | (F6) This option vested in two equal annual installments beginning on July 26, 2020. |
| 12 | Derivative | Stock Option (Right to Buy) | 2023-07-31 | M | D | 2,245 | $0.00 | 0 | D | $59.68 · — to 2026-07-27 | 2,245 Common Stock | (F7) This option vested in two equal annual installments beginning on July 27, 2019. |