v3.26.3
Stock-Based Compensation (Tables)
3 Months Ended
Aug. 30, 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:
Three Months Ended
August 30, 2026August 24, 2025
Weighted-average fair value$58.79$72.10
Dividend yield3.2 %2.9 %
Expected volatility of stock32.0 %41.3 %
Risk-free interest rate4.4 %4.0 %
Expected option life (in years)6.36.3
Weighted-average exercise price per share$212.23$208.51
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:
Three Months Ended
August 30, 2026August 24, 2025
Dividend yield (1)0.0 %0.0 %
Expected volatility of stock25.8 %23.7 %
Risk-free interest rate4.2 %3.8 %
Expected life (in years)2.82.9
Weighted-average grant date fair value per unit$287.42$274.20
(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 30, 2026.
(in millions)Stock
Options
Restricted
Stock/
Restricted
Stock
Units
Equity-Settled
Performance
Stock Units
Cash-Settled Darden
Stock
Units
Outstanding beginning of period1.01 0.24 0.44 0.53 
Awards granted0.13 0.04 0.09 0.16 
Awards granted performance impact— — — — 
Awards exercised/vested(0.12)(0.04)(0.15)(0.16)
Awards forfeited(0.01)— — (0.01)
Outstanding end of period1.01 0.24 0.38 0.52 
Schedule of Recognized Expense From Stock-Based Compensation
We recognized expense from stock-based compensation as follows: 
Three Months Ended
(in millions)August 30,
2026
August 24,
2025
Stock options$2.3 $2.7 
Restricted stock/restricted stock units3.1 3.2 
Equity-settled performance stock units7.9 6.9 
Cash-settled Darden stock units12.0 10.9 
Employee stock purchase plan0.8 0.8 
Director compensation program/other0.5 0.5 
Total stock-based compensation expense$26.6 $25.0