Darden Restaurants CEO Sells Shares to Cover Tax Withholding
On July 26-27, 2026, Ricardo Cardenas, President and CEO of Darden Restaurants (ticker: DRI), sold 17,449 shares as part of a non-discretionary transaction to cover tax obligations from exercised stock options. The sale was not indicative of the insider's view on the company’s future performance but rather an automated process tied to equity award vesting. Following this transaction, Cardenas still holds over 106,000 shares directly and has additional derivative securities, maintaining a meaningful stake in Darden Restaurants. This aligns with his long-term interest as a key executive of the company. The stock price at the time was $196.31 per share; by July 28, it had risen to $206.98. Darden operates major restaurant brands like Olive Garden and LongHorn Steakhouse across North America with over 1,867 locations. The company reported TTM revenue of $13.2 billion and net income of $1.2 billion as of the latest data.
Tickers: $DRI
Topics: Darden Restaurants insider trading stock transactions