v3.22.2.2
Stock-Based Compensation (Tables)
 3 Months Ended
Aug. 28, 2022
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 28, 2022August 29, 2021
Weighted-average fair value$36.20$41.02
Dividend yield3.8 %3.2 %
Expected volatility of stock42.0 %39.6 %
Risk-free interest rate2.8 %0.9 %
Expected option life (in years)5.96.3
Weighted-average exercise price per share$121.47$148.20
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 28, 2022August 29, 2021
Dividend yield (1)0.0 %0.0 %
Expected volatility of stock55.5 %53.4 %
Risk-free interest rate2.9 %0.4 %
Expected life (in years)2.82.8
Weighted-average grant date fair value per unit$137.73$172.34
(1)Assumes a reinvestment of dividends.
Schedule of Nonvested Share Activity
The following table presents a summary of our stock-based compensation activity for the three months ended August 28, 2022.
(in millions)Stock
Options		Restricted
Stock/
Restricted
Stock
Units		Equity-Settled
Performance
Stock Units		Cash-Settled Darden
Stock
Units
Outstanding beginning of period1.81 0.25 0.41 0.82 
Awards granted0.18 0.05 0.10 0.20 
Awards granted performance impact— — (0.04)— 
Awards exercised/vested(0.07)(0.04)(0.11)(0.14)
Awards forfeited— — — (0.02)
Outstanding end of period1.92 0.26 0.36 0.86 
Schedule of Recognized Expense From Stock-Based Compensation
We recognized expense from stock-based compensation as follows: 
Three Months Ended
(in millions)August 28,
2022		August 29,
2021
Stock options$2.6 $3.4 
Restricted stock/restricted stock units2.8 3.8 
Equity-settled performance stock units5.6 8.1 
Cash-settled Darden stock units8.2 11.3 
Employee stock purchase plan0.7 0.7 
Director compensation program/other0.4 0.3 
Total stock-based compensation expense$20.3 $27.6