Stock-Based Compensation (Tables)

9 Months Ended

Feb. 23, 2025

Share-Based Payment Arrangement [Abstract]

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 for options granted during the periods presented, were as follows:

	Nine Months Ended
	February 23, 2025			February 25, 2024
Weighted-average fair value	$	44.79		$	55.56
Dividend yield	3.6		%	3.4		%
Expected volatility of stock	40.8		%	42.2		%
Risk-free interest rate	4.1		%	4.0		%
Expected option life (in years)	6.3			5.9
Weighted-average exercise price per share	$	139.43		$	169.02

The weighted-average grant date fair value of market-based performance stock units and the related assumptions used in the Monte Carlo simulation to record stock-based compensation for units granted during the periods presented, were as follows:

	Nine Months Ended
	February 23, 2025			February 25, 2024
Dividend yield (1)	0.0		%	0.0		%
Expected volatility of stock	26.5		%	32.3		%
Risk-free interest rate	4.2		%	4.5		%
Expected life (in years)	2.9			2.9
Weighted-average grant date fair value per unit	$	181.65		$	217.11

(1)Assumes a reinvestment of dividends.

Schedule of Stock-Based Compensation Activity

The following table presents a summary of our stock-based compensation activity for the nine months ended February 23, 2025.

(in millions)	Stock Options	Restricted Stock/ Restricted Stock Units	Equity-Settled Performance Stock Units	Cash-Settled Darden Stock Units
Outstanding beginning of period	1.34	0.26	0.35	0.76
Awards granted	0.17	0.08	0.11	0.18
Awards granted performance impact	—	—	0.02	—
Awards exercised/vested	(0.35)	(0.08)	(0.15)	(0.27)
Awards forfeited	—	—	—	(0.02)
Outstanding end of period	1.16	0.26	0.33	0.65

Schedule of Recognized Expense From Stock-Based Compensation

We recognized expense from stock-based compensation as follows: 

	Three Months Ended				Nine Months Ended
(in millions)	February 23, 2025		February 25, 2024		February 23, 2025		February 25, 2024
Stock options	$	1.0	$	0.9	$	6.6	$	5.9
Restricted stock/restricted stock units	1.5		1.4		8.4		7.2
Equity-settled performance stock units	2.4		1.4		17.2		14.0
Cash-settled Darden stock units	9.6		9.1		28.6		26.8
Employee stock purchase plan	0.8		0.7		2.4		2.2
Director compensation program/other	0.3		0.5		1.3		1.7
Total stock-based compensation expense	$	15.6	$	14.0	$	64.5	$	57.8