Darden's CEO Sold Shares as LongHorn Jumped 9.5% and Olive Garden Lagged
Cardenas exercised stock options at $124.24 per share and immediately sold, reducing his direct holdings but maintaining 86,145 shares valued at $17.83 million.
Overview
Ricardo Cardenas, President and CEO of Darden Restaurants, Inc. (NYSE:DRI), sold 39,134 shares of common stock on July 28, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($209.06); post-transaction value based on July 28, 2026 market close ($206.98).
Details
Darden Restaurants is a leading full-service restaurant operator with a market capitalization of $24 billion and TTM revenues of $13.2 billion, positioning it as a significant player in the casual and upscale dining segment. The company's multi-brand portfolio strategy enables diversified revenue streams across varying price points and dining occasions. Darden's competitive advantages include established brand equity, operational efficiency in restaurant management, and a geographically diversified footprint that mitigates regional economic volatility.
Source
Originally published at www.fool.com.