Filing Details
- Accession Number:
- 0001225208-21-010990
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-08-02 15:52:11
- Reporting Period:
- 2021-07-29
- Accepted Time:
- 2021-08-02 15:52:11
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 940944 | Darden Restaurants Inc | DRI | Retail-Eating Places (5812) | 593305930 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1242843 | Jr I Eugene Lee | 1000 Darden Center Drive Orlando FL 32837 | Chairman And Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-07-29 | 30,748 | $59.68 | 285,138 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-07-29 | 30,748 | $150.18 | 254,390 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2021-07-30 | 29,177 | $0.00 | 283,567 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-07-30 | 11,482 | $150.23 | 272,085 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2021-07-29 | 30,748 | $0.00 | 30,748 | $59.68 |
| Common Stock | Performance Restricted Stock Units (CEO) | Disposition | 2021-07-30 | 29,177 | $0.00 | 29,177 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2026-07-27 | No | 4 | M | Direct | |
| 0 | No | 4 | M | Direct |
Footnotes
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 5, 2021.
- This transaction was executed in multiple trades at prices ranging from $150.00 to $150.63. 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.
- Performance restricted stock units convert into common stock on a one-for-one basis.
- This option vested in two equal annual installments beginning on July 27, 2019.
- On June 29, 2017, the Reporting Person was awarded 81,735 target special performance restricted stock units (PSUs) that vest in three tranches subject to the achievement of performance criteria (achievement of three-year, four-year and five-year EBITDA targets). 26.7% vested on May 31, 2020, 33.3% vested on May 30, 2021 and the remaining 40% will vest on May 29, 2022.
- Includes 1,959 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement.
- Earned PSUs settled into common stock on the fifth business day following the Chief Financial Officer's certification of the Company's achievement of the performance goal for the applicable performance period.
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