Stock-Based Compensation (Tables)

The following table presents a summary of our stock-based compensation activity for the three months ended August 30, 2020.



(in millions)	Stock Options		Restricted Stock/ Restricted Stock Units		Equity-Settled Performance Stock Units		Cash-Settled Darden Stock Units
Outstanding beginning of period	2.62		0.28		0.55		1.03
Awards granted	0.28		0.08		0.14		0.28
Awards exercised/vested	(0.04	)	(0.07	)	(0.19	)	(0.28	)
Awards forfeited	(0.01	)	(0.01	)	—		(0.03	)
Outstanding end of period	2.85		0.28		0.50		1.00

We recognized expense from stock-based compensation as follows:



	Three Months Ended
(in millions)	August 30, 2020		August 25, 2019
Stock options	$	1.6	$	1.3
Restricted stock/restricted stock units	2.8		1.8
Equity-settled performance stock units	5.7		3.8
Cash-settled Darden stock units	8.0		6.6
Employee stock purchase plan	0.6		0.4
Director compensation program/other	0.4		0.3
Total stock-based compensation expense	$	19.1	$	14.2

The weighted-average fair value of non-qualified stock options and the related assumptions used in the Black-Scholes option pricing model were as follows.



	Stock Options Granted
	Three Months Ended
	August 30, 2020			August 25, 2019
Weighted-average fair value	$	20.07		$	19.94
Dividend yield	3.0		%	3.0		%
Expected volatility of stock	37.3		%	22.5		%
Risk-free interest rate	0.4		%	1.9		%
Expected option life (in years)	6.4			6.3
Weighted-average exercise price per share	$	78.84		$	124.24

The weighted-average grant date fair value of performance-based restricted stock units and the related assumptions used in the Monte Carlo simulation to record stock-based compensation are as follows:



	Granted in Fiscal Year Ended
	Three Months Ended
	August 30, 2020			August 25, 2019
Dividend yield (1)	0.0		%	0.0		%
Expected volatility of stock	50.5		%	23.1		%
Risk-free interest rate	0.1		%	1.8		%
Expected life (in years)	2.8			2.9
Weighted-average grant date fair value per unit	$	83.46		$	124.41

Assumes a reinvestment of dividends.