Olive Garden's President Cashed In Options Struck at $124. Here's What to Know
This exercise-and-sell transaction captures gains on vested options as stock trades near 52-week highs.
Overview
John W. Wilkerson, president of Olive Garden of Darden Restaurants, Inc. (NYSE:DRI), sold 8,864 shares of common stock at $208.33 per share on August 5, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($208.33); post-transaction value based on the August 5 market close ($208.85).
Details
Darden Restaurants is one of the largest full-service restaurant operators in North America, managing a portfolio of 2,200 directly operated restaurants as of its most recent reporting period. The company's multi-brand strategy enables it to capture market share across various dining occasions and consumer preferences, from casual dining to upscale steakhouse experiences. Darden's scale, operational expertise, and brand portfolio provide competitive advantages in an increasingly consolidated restaurant industry.
Source
Originally published at www.fool.com.