Darden Restaurants, Inc. Insider Trading Activity

Accepted by SEC EDGAR 07/29/2025 - 09:25 PM EDT Learn about SEC filing dates

Insider Trade Summary

37,121 shares exercised/converted

Exercise 9 txns

Insider Cardenas Ricardo

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Performance Restricted Stock Units (FY22)	4,982	$0.00	$0.00
Exercise	Common Stock	4,982	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,961	$204.48	$401K
Exercise	Performance Restricted Stock Units (FY23)	21,426	$0.00	$0.00
Exercise	Restricted Stock Units (FY23 Annual Grant)	10,713	$0.00	$0.00
Exercise	Common Stock	21,426	$0.00	$0.00
Exercise	Common Stock	10,713	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	4,216	$204.48	$862K
Exercise Price or Tax Liability	Common Stock	8,432	$204.48	$1.72M

Holdings After Transaction: Performance Restricted Stock Units (FY23) — 21,426 contracts (Direct); Restricted Stock Units (FY23 Annual Grant) — 0 contracts (Direct); Performance Restricted Stock Units (FY22) — 0 contracts (Direct); Common Stock — 81,442.249 shares (Direct)

Footnotes (5)

1. F1. Performance restricted stock units convert into common stock on a one-for-one basis.
2. F2. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
3. F3. Restricted stock units convert into common stock on a one-for-one basis.
4. F4. This grant vests in two equal annual installments beginning on July 27, 2025.
5. F5. This grant vested in two equal annual installments beginning on July 28, 2024.

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Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Cardenas Ricardo

(Last) (First) (Middle)

1000 DARDEN CENTER DRIVE

(Street)

ORLANDO FL 32837

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC [ DRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/27/2025		M		21,426	A	$0(1)	80,356.249(2)	D
Common Stock	07/27/2025		M		10,713	A	$0(3)	91,069.249(2)	D
Common Stock	07/27/2025		F		4,216	D	$204.48	86,853.249(2)	D
Common Stock	07/27/2025		F		8,432	D	$204.48	78,421.249(2)	D
Common Stock	07/28/2025		M		4,982	A	$0(1)	83,403.249(2)	D
Common Stock	07/28/2025		F		1,961	D	$204.48	81,442.249(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Restricted Stock Units (FY23)	(1)	07/27/2025		M			21,426	(4)	07/27/2026	Common Stock	21,426	$0.0000	21,426	D
Restricted Stock Units (FY23 Annual Grant)	(3)	07/27/2025		M			10,713	07/27/2025	07/27/2025	Common Stock	10,713	$0.0000	0.0000	D
Performance Restricted Stock Units (FY22)	(1)	07/28/2025		M			4,982	(5)	07/28/2025	Common Stock	4,982	$0.0000	0.0000	D

Explanation of Responses:

1. Performance restricted stock units convert into common stock on a one-for-one basis.

2. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.

3. Restricted stock units convert into common stock on a one-for-one basis.

4. This grant vests in two equal annual installments beginning on July 27, 2025.

5. This grant vested in two equal annual installments beginning on July 28, 2024.

	A. Noni Holmes-Kidd, Attorney-in-fact for Cardenas, Ricardo	07/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.