Stock-Based Compensation (Tables)

9 Months Ended

Feb. 24, 2019

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

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
	Nine Months Ended
	February 24, 2019			February 25, 2018
Weighted-average fair value	$	18.78		$	14.63
Dividend yield	3.2		%	3.0		%
Expected volatility of stock	22.6		%	23.5		%
Risk-free interest rate	2.9		%	2.0		%
Expected option life (in years)	6.4			6.4
Weighted-average exercise price per share	$	107.05		$	85.83

Schedule of Nonvested Share Activity

The following table presents a summary of our stock-based compensation activity for the nine months ended February 24, 2019:



(in millions)	Stock Options		Restricted Stock/ Restricted Stock Units		Darden Stock Units		Equity-Settled Performance Stock Units
Outstanding beginning of period	3.53		0.24		1.39		0.55
Awards granted	0.37		0.09		0.23		0.21
Awards exercised/vested	(0.95	)	(0.04	)	(0.33	)	(0.11	)
Awards forfeited	(0.04	)	—		(0.04	)	(0.04	)
Outstanding end of period	2.91		0.29		1.25		0.61

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

We recognized expense from stock-based compensation as follows:



	Three Months Ended				Nine Months Ended
(in millions)	February 24, 2019		February 25, 2018		February 24, 2019		February 25, 2018
Stock options	$	1.2	$	1.3	$	3.7	$	3.7
Restricted stock/restricted stock units	1.7		1.1		4.7		2.9
Darden stock units	6.5		8.0		25.3		15.5
Equity-settled performance stock units	3.5		3.1		9.5		8.2
Employee stock purchase plan	0.4		0.3		1.1		0.9
Director compensation program/other	0.4		0.3		1.0		1.0
Total stock-based compensation expense	$	13.7	$	14.1	$	45.3	$	32.2