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