Form Type: 4

SEC EDGAR Link
Accession Number:0001225208-20-009222
Date:2020-06-23
Issuer: DARDEN RESTAURANTS INC (DRI)
Original Submission Date:

Reporting Person:

RENNINGER RICHARD L.
1000 DARDEN CENTER DRIVE
ORLANDO, FL 32837

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-06-23 0 $0.00 8,539 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE RESTRICTED STOCK UNITS (FY18) 0.0 2020-06-23 deemed execution date A 2,211 (a) 2021-07-26 common stock 2,211 $0.00 2,211 direct
Footnotes
IDfootnote
f1 on july 26, 2017, the reporting person was awarded 2,211 target performance restricted stock units (psus) subject to the achievement of performance criteria (relative total shareholder return as compared to a selected comparison group) from july 26, 2017 through may 31, 2020.
f2 performance restricted stock units convert into common stock on a one-for-one basis.
f3 on june 23, 2020, the compensation committee of the board of directors determined the final results under the applicable performance criteria resulting in 2,211 psus being earned in accordance with the provisions of the applicable award agreement. pursuant to the terms of the applicable award agreement, additional shares of darden common stock representing accrued dividend equivalents will be delivered to the reporting person upon settlement of the psus.
f4 this grant vests in two equal annual installments beginning on july 26, 2020.
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