| Schedule of Fair Value of Financial Instruments Measured at Fair Value on a Recurring Basis |
The following table summarizes the fair values of financial instruments measured at fair value on a recurring basis at April 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair value of assets at April 30, 2026 | | Quoted prices
in active
markets for
identical assets
(Level 1) | | Significant
other
observable
inputs
(Level 2) | | Significant
unobservable
inputs
(Level 3) | | Darden common stock | | $ | 355,988,384 | | | $ | 355,988,384 | | | $ | — | | | $ | — | | | Short-term investments | | 6,745,577 | | | 6,745,577 | | | — | | | — | | | Mutual funds | | 395,287,776 | | | 395,287,776 | | | — | | | — | | | | | | | | | | | | Common collective trust - Vanguard Target Retirement Trust I Funds | | 1,007,223,448 | | | — | | | 1,007,223,448 | | | — | | | Total | | $ | 1,765,245,185 | | | $ | 758,021,737 | | | $ | 1,007,223,448 | | | $ | — | | | Investments recorded at Net Asset Value: | | | | | | | | | Common collective trusts - Other (1) | | 92,954,513 | | | — | | | — | | | — | | | Total investments at fair value | | $ | 1,858,199,698 | | | $ | 758,021,737 | | | $ | 1,007,223,448 | | | $ | — | |
(1) In accordance with FASB ASC 820, Fair Value Measurement, certain investments that are measured at fair value using net asset value per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The following table summarizes the fair values of financial instruments measured at fair value on a recurring basis at April 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair value of assets at April 30, 2025 | | Quoted prices
in active
markets for
identical assets
(Level 1) | | Significant
other
observable
inputs
(Level 2) | | Significant
unobservable
inputs
(Level 3) | | Darden common stock | | $ | 377,810,136 | | | $ | 377,810,136 | | | $ | — | | | $ | — | | | Short-term investments | | 5,179,370 | | | 5,179,370 | | | — | | | — | | | Mutual funds | | 306,164,022 | | | 306,164,022 | | | — | | | — | | | Pooled separate account | | 31,579 | | | 31,579 | | | — | | | — | | | Common collective trust - Vanguard Target Retirement Trust I Funds | | 773,786,285 | | | — | | | 773,786,285 | | | — | | | Total | | $ | 1,462,971,392 | | | $ | 689,185,107 | | | $ | 773,786,285 | | | $ | — | | | Investments recorded at Net Asset Value: | | | | | | | | | Common collective trusts - Other (1) | | 82,526,531 | | | — | | | — | | | — | | | Total investments at fair value | | $ | 1,545,497,923 | | | $ | 689,185,107 | | | $ | 773,786,285 | | | $ | — | |
(1) In accordance with FASB ASC 820, Fair Value Measurement, certain investments that are measured at fair value using net asset value per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy.
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