Accession Number: | 0001225208-20-009214 |
Date: | 2020-06-23 |
Issuer: | DARDEN RESTAURANTS INC (DRI) |
Original Submission Date: |
CARDENAS RICARDO
1000 DARDEN CENTER DRIVE
ORLANDO, FL 32837
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-06-23 | 0 | $0.00 | 22,432 | direct |
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 Exercisable | Expiration 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 | 6,909 (a) | 2021-06-26 | common stock 6,909 | $0.00 | 6,909 | direct |
ID | footnote |
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f1 | on july 26, 2017, the reporting person was awarded 6,909 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 6,909 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. |