DARDEN RESTAURANTS INC
For the period ended Feb 25, 2024. Filed Apr 2, 2024.
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Feb 25, 2024 · Filed Apr 2, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The table below provides information concerning our repurchase of shares of our common stock during the quarter ended February 25, 2024.
| (Dollars in millions, except per share data) | Total Number ofShares Purchased (1) (2) | AveragePrice Paidper Share | Total Number ofShares Purchased asPart of PubliclyAnnounced Plansor Programs | Maximum Dollar Value ofShares that May Yetbe PurchasedUnder the Plans orPrograms (3) |
|---|---|---|---|---|
| November 27, 2023 through December 31, 2023 | 83,997 | $160.00 | 83,997 | $314.5 |
| January 1, 2024 through January 28, 2024 | 61,343 | $160.23 | 61,343 | $304.7 |
| January 29, 2024 through February 25, 2024 | 56,854 | $164.50 | 56,854 | $295.3 |
| Quarter-to-Date | 202,194 | $161.34 | 202,194 | $295.3 |
(1)All of the shares purchased during the quarter ended February 25, 2024 were purchased as part of our repurchase program. On March 20, 2024, our Board of Directors authorized a new share repurchase program under which we may repurchase up to $1 billion of our outstanding common stock. This repurchase program, which was announced publicly in a press release issued on March 21, 2024, does not have an expiration date and replaced the prior share repurchase authorization.
(2)The number of shares purchased includes shares withheld for taxes on vesting of restricted stock, shares delivered or deemed to be delivered to us on tender of stock in payment for the exercise price of options, and shares reacquired pursuant to tax withholding on option exercises. These shares are included as part of our repurchase program and deplete the repurchase authority granted by our Board. The number of shares repurchased excludes shares we reacquired pursuant to forfeiture of restricted stock.
(3)Repurchases are subject to prevailing market prices, may be made in open market or private transactions, may occur or be discontinued at any time and remain subject to the discretion of our Board of Directors. There can be no assurance that we will repurchase any shares.
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