Darden Restaurants CEO Sells Shares for Tax Withholding
Ricardo Cardenas, President and CEO of Darden Restaurants (NYSE: DRI), sold 17,449 shares on July 26–27, 2026 to cover tax obligations from exercised stock options. The transaction was non-discretionary and executed at a weighted average price of $196.31 per share for approximately $3.4 million in total value. Following the sale, Cardenas retained ownership of 106,188 shares directly held, representing a stake worth about $21.67 million as of July 27 market close ($204.10/share). He also holds additional derivative securities totaling 11,625 units, maintaining long-term alignment with shareholder interests. Darden Restaurants operates over 1,867 restaurants across North America under major brands like Olive Garden and LongHorn Steakhouse. The company reported $13.2 billion in trailing twelve-month revenue and a net income of $1.2 billion as of the latest data.
Tickers: $DRI