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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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May 25, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Recognized Stock-Based Compensation Expense | Stock-based compensation expense included in continuing operations was as follows:
| Fiscal Year Ended
(in millions) | May 25, 2025 |  | May 26, 2024 |  | May 28, 2023
Stock options | $ | 7.5 |  |  | $ | 6.8 |  |  | $ | 6.3 |
Restricted stock units | 9.8 |  |  | 8.6 |  |  | 7.4 |
Darden stock units | 37.3 |  |  | 31.9 |  |  | 34.8 |
Equity-settled performance-based restricted stock units | 19.4 |  |  | 16.1 |  |  | 14.3 |
Employee stock purchase plan | 3.2 |  |  | 3.0 |  |  | 2.8 |
Director compensation program/other | 1.9 |  |  | 2.1 |  |  | 1.9 |
Total | $ | 79.1 |  |  | $ | 68.5 |  |  | $ | 67.5 |
Excess income tax benefits related to the exercise of stock options and vesting of other equity-settled stock-based compensation recognized in income tax expense from continuing operations was as follows:
| Fiscal Year Ended
(in millions) | May 25, 2025 |  | May 26, 2024 |  | May 28, 2023
Income tax benefits | $ | 11.8 |  |  | $ | 12.7 |  |  | $ | 6.5 |
Schedule of Weighted-Average Fair Value and Related Assumptions for Stock-Based Compensation | The weighted-average fair value of non-qualified stock options and the related assumptions used in the Black-Scholes model to record stock-based compensation are as follows:
| Granted in Fiscal Year Ended
| May 25, 2025 |  | May 26, 2024 |  | May 28, 2023
Weighted-average fair value | $ | 44.79 |  |  | $ | 55.56 |  |  | $ | 36.20 |
Dividend yield | 3.6 | % |  | 3.4 | % |  | 3.8 | %
Expected volatility of stock | 40.8 | % |  | 42.2 | % |  | 42.0 | %
Risk-free interest rate | 4.1 | % |  | 4.0 | % |  | 2.8 | %
Expected option life (in years) | 6.3 |  | 5.9 |  | 5.9
Weighted-average exercise price per share | $ | 139.43 |  |  | $ | 169.02 |  |  | $ | 121.47 |
The weighted-average grant date fair value of equity-settled PRSUs and the related assumptions used in the Monte Carlo simulation to record stock-based compensation are as follows:
| Granted in Fiscal Year Ended
| May 25, 2025 |  | May 26, 2024 |  | May 28, 2023
Dividend yield (1) | 0.0 | % |  | 0.0 | % |  | 0.0 | %
Expected volatility of stock | 26.5 | % |  | 32.3 | % |  | 55.5 | %
Risk-free interest rate | 4.2 | % |  | 4.5 | % |  | 2.9 | %
Expected option life (in years) | 2.9 |  | 2.9 |  | 2.8
Weighted-average grant date fair value per unit | $ | 181.65 |  |  | $ | 217.11 |  |  | $ | 137.73 |
(1)Assumes a reinvestment of dividends.
Schedule of Stock Option Activity | The following table presents a summary of our stock option activity as of and for the year ended May 25, 2025:
| Options (in millions) |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Life (Yrs) |  | Aggregate Intrinsic Value (in millions)
Outstanding beginning of period | 1.34 |  | $111.08 |  | 5.68 |  | $51.6
Options granted | 0.17 |  | 139.43 |  |  |  |
Options exercised | (0.48) |  | 90.10 |  |  |  |
Options canceled | — |  | — |  |  |  |
Outstanding end of period | 1.03 |  | $125.30 |  | 6.16 |  | $80.9
Exercisable | 0.51 |  | $108.75 |  | 4.41 |  | $49.0
Schedule of Restricted Stock and RSU Activity | The following table presents a summary of our RSU activity as of and for the fiscal year ended May 25, 2025:
| Shares (in millions) |  | Weighted-Average Grant Date Fair Value Per Share
Outstanding beginning of period | 0.26 |  | $132.38
Shares granted | 0.08 |  | 148.94
Shares vested | (0.07) |  | 136.62
Shares canceled | (0.01) |  | 158.78
Outstanding end of period | 0.26 |  | $135.67
Schedule of Darden Stock Unit Activity | The following table presents a summary of our Darden stock unit activity as of and for the fiscal year ended May 25, 2025:
(All units settled in cash) | Units (in millions) |  | Weighted-Average Fair Value Per Unit
Outstanding beginning of period | 0.76 |  | $147.60
Units granted | 0.20 |  | 145.03
Units vested | (0.29) |  | 149.87
Units canceled | (0.03) |  | 139.35
Outstanding end of period | 0.64 |  | $204.02
Schedule of Performance Stock Unit Activity | The following table presents a summary of our equity-settled PRSU activity as of and for the fiscal year ended May 25, 2025:
| Units (in millions) |  | Weighted-Average Grant Date Fair Value Per Unit
Outstanding beginning of period | 0.35 |  | $152.39
Units granted | 0.11 |  | 181.65
Units granted/canceled performance impact | 0.02 |  | 158.40
Units vested | (0.15) |  | 126.63
Units canceled | — |  | —
Outstanding end of period | 0.33 |  | $175.95

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