Form 4: Darden Group President Sells Shares, Gifts to Charity
Insider Transaction Report
Darden Restaurants Group President Todd Burrowes reported a sale of 7,103 common shares and a charitable gift of 2,175 shares, executed under a 10b5-1 plan.
Summary
- Todd Burrowes, Group President and Officer of Darden Restaurants, Inc. (DRI), reported transactions involving the company's common stock.
- On January 13, 2026, Burrowes disposed of 2,175 shares of common stock as a bona fide gift for charitable contributions, with no consideration received.
- On the same date, Burrowes sold 7,103 shares of common stock at a weighted average price of $207.1188 per share, totaling approximately $1,472,499.99.
- The sale transaction was executed in multiple trades with prices ranging from $206.795 to $207.505.
- Both transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
- Following these transactions, Burrowes beneficially owns 44,252.227 shares of Darden Restaurants, Inc. common stock.
- The reported beneficial ownership includes shares acquired through the Darden Restaurants, Inc. Employee Stock Purchase Plan and its dividend reinvestment feature.
Sentiment
Score: 5
Explanation: The sentiment is neutral. While there is insider selling, it is part of a pre-arranged 10b5-1 plan, which mitigates negative interpretations. The charitable gift is a positive, balancing the overall sentiment.
Positives
- The reporting person made a charitable contribution of 2,175 shares of common stock, demonstrating philanthropic activity.
- Transactions were conducted under a Rule 10b5-1(c) plan, indicating pre-planned and scheduled sales, which can reduce concerns about opportunistic insider trading.
Negatives
- An insider, the Group President, sold 7,103 shares of common stock, which represents a reduction in their direct ownership.
Future Outlook
NA
Industry Context
This filing details an insider transaction for Darden Restaurants, Inc., a major player in the full-service restaurant industry. Such transactions are routine disclosures and typically do not reflect broader industry trends, but rather individual executive financial planning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Establishment of Power of Attorney | A Power of Attorney was established, appointing specific individuals (Matthew R. Broad, Ricardo Cardenas, A. Noni Holmes-Kidd, Christopher L. Guzman, and Kezia-Alean S. Osunsade) to execute and file Forms 3, 4, 5, and 144 on behalf of Todd Burrowes. | 12/16/2025 | This streamlines the process for insider reporting requirements, ensuring timely and compliant filings for Section 16 of the Securities Exchange Act of 1934 and Rule 144 under the Securities Act of 1933. |
Stakeholder Impact
- Shareholders: The sale of shares by a Group President could be viewed as a minor reduction in insider alignment, though the pre-planned nature (10b5-1) lessens this concern. The charitable gift has no direct financial impact on other shareholders.
- Charitable Organizations: Benefited from the gift of 2,175 shares.
Key Dates
| Date | Description |
|---|---|
| 12/16/2025 | Date of execution for the Power of Attorney document. |
| 01/13/2026 | Date of reported stock transactions (gift and sale). |
| 01/14/2026 | Date the Form 4 was signed and filed. |
Keywords
Darden Restaurants, DRI, Insider Trading, Form 4, Stock Sale, Charitable Gift, Todd Burrowes, 10b5-1 Plan, Common Stock
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