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Stock-Based Compensation (Tables)
3 Months Ended
Aug. 24, 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:
Three Months Ended
 August 24, 2025August 25, 2024
Weighted-average fair value$72.10$44.79
Dividend yield2.9 %3.6 %
Expected volatility of stock41.3 %40.8 %
Risk-free interest rate4.0 %4.1 %
Expected option life (in years)6.36.3
Weighted-average exercise price per share$208.51$139.43


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:
Three Months Ended
August 24, 2025August 25, 2024
Dividend yield (1)0.0 %0.0 %
Expected volatility of stock23.7 %26.5 %
Risk-free interest rate3.8 %4.2 %
Expected life (in years)2.92.9
Weighted-average grant date fair value per unit$274.20$181.65
(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 three months ended August 24, 2025.
(in millions)Stock
Options
Restricted
Stock/
Restricted
Stock
Units
Equity-Settled
Performance
Stock Units
Cash-Settled Darden
Stock
Units
Outstanding beginning of period1.03 0.26 0.33 0.64 
Awards granted0.11 0.04 0.08 0.12 
Awards granted performance impact— — 0.10 — 
Awards exercised/vested(0.06)(0.05)(0.15)(0.19)
Awards forfeited— — — (0.01)
Outstanding end of period1.08 0.25 0.36 0.56 
Schedule of Recognized Expense From Stock-Based Compensation
We recognized expense from stock-based compensation as follows: 
Three Months Ended
(in millions)August 24,
2025
August 25,
2024
Stock options$2.7 $4.8 
Restricted stock/restricted stock units3.2 5.5 
Equity-settled performance stock units6.9 12.5 
Cash-settled Darden stock units10.9 10.6 
Employee stock purchase plan0.8 0.8 
Director compensation program/other0.5 0.5 
Total stock-based compensation expense$25.0 $34.7