v3.26.1
Stock-Based Compensation (Tables)
9 Months Ended
Feb. 22, 2026
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 22, 2026February 23, 2025
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
Schedule of Share-Based Payment Award, Equity Instruments Other Than Options, Valuation Assumptions
The weighted-average grant date fair value of market-based performance stock units and the related assumptions used in the Monte Carlo simulations to record stock-based compensation for units granted during the periods presented were as follows:
Nine Months Ended
February 22, 2026February 23, 2025
Dividend yield (1)0.0 %0.0 %
Expected volatility of stock25.8 %26.5 %
Risk-free interest rate3.7 %4.2 %
Expected life (in years)3.82.9
Weighted-average grant date fair value per unit$244.14$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 nine months ended February 22, 2026.
(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 0.06 0.16 0.13 
Awards granted performance impact— — 0.10 — 
Awards exercised/vested(0.09)(0.07)(0.15)(0.21)
Awards forfeited— — — (0.02)
Outstanding end of period1.05 0.25 0.44 0.54 
Schedule of Recognized Expense From Stock-Based Compensation
We recognized expense from stock-based compensation as follows: 
Three Months EndedNine Months Ended
(in millions)February 22,
2026
February 23,
2025
February 22,
2026
February 23,
2025
Stock options$1.0 $1.0 $7.6 $6.6 
Restricted stock/restricted stock units1.5 1.5 9.0 8.4 
Equity-settled performance stock units3.4 2.4 20.8 17.2 
Cash-settled Darden stock units10.3 9.6 25.0 28.6 
Employee stock purchase plan0.9 0.8 2.6 2.4 
Director compensation program/other0.5 0.3 1.5 1.3 
Total stock-based compensation expense$17.6 $15.6 $66.5 $64.5