LongHorn's President Sold Darden Stock After a 9.5% Sales Jump. Here's What to Know
Williamson's disposition reduced her equity stake by 8%, generating approximately $318,000 in proceeds. Her remaining direct holdings total 10,754 shares valued at roughly $2.2 million.
Overview
Laura B. Williamson, president of LongHorn Steakhouse at Darden Restaurants, Inc. (NYSE:DRI), sold 1,553 shares of common stock on July 31, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($204.48); post-transaction value based on the July 31 market close ($203.58).
Details
Darden Restaurants operates one of North America's largest full-service restaurant portfolios with approximately 2,200 company-managed locations as of the most recent reporting period, generating $13.2 billion in TTM revenue. The company maintains a diversified brand strategy that enables it to serve multiple consumer segments and dining occasions, providing competitive resilience across varying economic conditions. With a market capitalization of $23.6 billion and a substantial employee base, Darden leverages operational scale and brand recognition to maintain pricing power and operational efficiency in the competitive casual and upscale dining sectors.
Source
Originally published at www.fool.com.