Form 4 for DRI Darden Restaurants
Accepted 2023-08-01 00:00:00 ET · period of report 2023-07-29 · accession 0001225208-23-007842 · 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 | 2023-08-01 | 2023-07-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | M - OptEx | $0.00 | +7,571 | 24.3K | +45% | $0 |
| DM | 2023-08-01 | 2023-07-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | F - Tax | $167.52 | -2,980 | 21.3K | -12% | -$499.2K |
| DI | 2023-08-01 | 2023-07-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | M - OptEx | $0.00 | +168 | 168 | New | $0 |
| DI | 2023-08-01 | 2023-07-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | D - Sale to Iss | $170.08 | -168 | 0 | -100% | -$28.6K |
| DM | 2023-08-01 | 2023-07-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | M - OptEx | $0.00 | -7,571 | 4,544 | -62% | $0 |
| DI | 2023-08-01 | 2023-07-29 | DRI | Kiernan Daniel J. | Pres, Olive Garden | M - OptEx | $0.00 | -168 | 169 | -50% | $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 | 2023-07-29 | M | A | 4,542 | $0.00 | 21,238.09 | D By Spouse | — | — | (F1) Performance restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2023-07-29 | F | D | 1,192 | $167.52 | 23,075.09 | D | — | — | |
| 3 | Common | Common Stock | 2023-07-29 | M | A | 3,029 | $0.00 | 24,267.09 | D By Spouse | — | — | (F2) Restricted stock units convert into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2023-07-29 | M | A | 168 | $0.00 | 168 | I | — | — | (F3) 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. |
| 5 | Common | Common Stock | 2023-07-29 | D | D | 168 | $170.08 | 0 | I | — | — | |
| 6 | Common | Common Stock | 2023-07-29 | F | D | 1,788 | $167.52 | 21,287.09 | D | — | — | |
| 7 | Derivative | Restricted Stock Units (FY21 Annual Grant) | 2023-07-29 | M | D | 3,029 | $0.00 | 0 | D | — · 2023-07-29 to 2023-07-29 | 3,029 Common Stock | (F2) Restricted stock units convert into common stock on a one-for-one basis. |
| 8 | Derivative | Performance Restricted Stock Units (FY21) | 2023-07-29 | M | D | 4,542 | $0.00 | 4,544 | D By Spouse | — · — to 2024-07-29 | 4,542 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. |
| 9 | Derivative | Restricted Stock Units (DSU) | 2023-07-29 | M | D | 168 | $0.00 | 169 | I | — · — to 2024-07-29 | 168 Common Stock | (F7) The reporting person disclaims beneficial ownership of these units. (F3) 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. (F6) Vests in two equal annual installments beginning on July 29, 2023. |