0001225208-24-006564.txt : 20240604 0001225208-24-006564.hdr.sgml : 20240604 20240604162138 ACCESSION NUMBER: 0001225208-24-006564 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240527 FILED AS OF DATE: 20240604 DATE AS OF CHANGE: 20240604 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Williamson Laura B CENTRAL INDEX KEY: 0002025804 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13666 FILM NUMBER: 241018376 MAIL ADDRESS: STREET 1: 1000 DARDEN CENTER DRIVE CITY: ORLANDO STATE: FL ZIP: 32837 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DARDEN RESTAURANTS INC CENTRAL INDEX KEY: 0000940944 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 593305930 STATE OF INCORPORATION: FL FISCAL YEAR END: 0526 BUSINESS ADDRESS: STREET 1: 1000 DARDEN CENTER DRIVE CITY: ORLANDO STATE: FL ZIP: 32837 BUSINESS PHONE: 4072454000 MAIL ADDRESS: STREET 1: 1000 DARDEN CENTER DRIVE CITY: ORLANDO STATE: FL ZIP: 32837 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL MILLS RESTAURANTS INC DATE OF NAME CHANGE: 19950313 3 1 doc3.xml X0206 3 2024-05-27 0 0000940944 DARDEN RESTAURANTS INC DRI 0002025804 Williamson Laura B 1000 DARDEN CENTER DRIVE ORLANDO FL 32837 1 President, LongHorn Steakhouse Common Stock 10043.6680 D Common Stock 881.6087 I By 401k Common Stock 5337.1440 I By Spouse Performance Restricted Stock Units (FY21) 0.0000 2024-07-28 Common Stock 1010.0000 D Restricted Stock Units (FY22 Annual Grant) 0.0000 2024-07-28 2024-07-28 Common Stock 341.0000 D Restricted Stock Units (FY23 Annual Grant) 0.0000 2025-07-27 2025-07-27 Common Stock 429.0000 D Restricted Stock Units (FY24 Annual Grant) 0.0000 2026-07-26 2026-07-26 Common Stock 301.0000 D Stock Option (Right to Buy) 78.8400 2030-07-29 Common Stock 2714.0000 D Stock Option (Right to Buy) 85.8300 2027-07-26 Common Stock 2225.0000 D Stock Option (Right to Buy) 107.0500 2028-07-25 Common Stock 2289.0000 D Stock Option (Right to Buy) 121.4700 2032-07-27 Common Stock 1448.0000 D Stock Option (Right to Buy) 124.2400 2029-07-24 Common Stock 2545.0000 D Stock Option (Right to Buy) 148.2000 2031-07-28 Common Stock 1212.0000 D Stock Option (Right to Buy) 169.0200 2033-07-26 Common Stock 906.0000 D Performance Restricted Stock Units (FY21) 0.0000 2024-07-29 Common Stock 404.0000 I By Spouse Phantom Stock Common Stock 324.9589 I By Spouse Restricted Stock Units (FY22 Annual Grant) 0.0000 2024-07-28 2024-07-28 Common Stock 136.0000 I By Spouse Restricted Stock Units (FY23 Annual Grant) 0.0000 2025-07-27 2025-07-27 Common Stock 171.0000 I By Spouse Restricted Stock Units (FY24 Annual Grant) 0.0000 2026-07-26 2026-07-26 Common Stock 120.0000 I By Spouse Stock Option (Right to Buy) 78.8400 2030-07-29 Common Stock 1086.0000 I By Spouse Stock Option (Right to Buy) 107.0500 2028-07-25 Common Stock 1263.0000 I By Spouse Stock Option (Right to Buy) 121.4700 2032-07-27 Common Stock 579.0000 I By Spouse Stock Option (Right to Buy) 124.2400 2029-07-24 Common Stock 1018.0000 I By Spouse Stock Option (Right to Buy) 148.2000 2031-07-28 Common Stock 485.0000 I By Spouse Stock Option (Right to Buy) 169.0200 2033-07-26 Common Stock 363.0000 I By Spouse Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. On July 29, 2020, the Reporting Person was awarded 2,020 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 29, 2020 through May 28, 2023. This option vests in two equal annual installments beginning on July 29, 2023. On June 20, 2023, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 2,020 PSUs being earned in accordance with the provisions of the applicable award agreement. Performance restricted stock units convert into common stock on a one-for-one basis. Restricted stock units convert into common stock on a one-for-one basis. This option vested in two equal annual installments beginning on July 29, 2023. This option vested in two equal annual installments beginning on July 26, 2020. This option vested in two equal annual installments beginning on July 25, 2021. This option vests in two equal annual installments beginning on July 27, 2025. This option vested in two equal annual installments beginning on July 24, 2022. This option vests in two equal annual installments beginning on July 28, 2024. This option vests in two equal annual installments beginning on July 26, 2026. On July 29, 2020, the Reporting Person was awarded 808 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 29, 2020 through May 28, 2023. This grant vests in two equal annual installments beginning on July 29, 2023. On June 20, 2023, the Compensation Committee of the Board of Directors determined the final results under the applicable performance criteria resulting in 404 PSUs being earned in accordance with the provisions of the applicable award agreement. Each share of phantom stock is the economic equivalent of one share of DRI common stock. The share of phantom stock becomes payable in cash upon settlement. Includes phantom stock acquired under the Darden Restaurants, Inc. FlexComp Plan based on information provided by the plan administrator as of May 27, 2024. poawilliamson.txt Jessica P. Lange, Attorney-in-fact for Williamson, Laura B. 2024-06-04 EX-24 2 poawilliamson.txt POWER OF ATTORNEY Know all by these presents that the undersigned hereby constitutes and appoints each of Matthew R. Broad, Ricardo Cardenas, Anthony G. Morrow and Jessica P. Lange, signing singly, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as a current or retired officer and/or director of Darden Restaurants, Inc. (the "Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder ("Section 16"), and Form 144 pursuant to Rule 144 under the Securities Act of 1933, as amended ("Rule 144"); (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form ID, Form 3, 4, or 5, or Form 144, complete and execute any amendment or amendments thereto, and file such form with the United States Securities and Exchange Commission, the New York Stock Exchange and any other stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 and Rule 144. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 and Form 144 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the 22nd day of May, 2024. /s/ Laura B. Williamson Signature Print name: Laura B. Williamson