Form 4: Darden Restaurants CEO Sells Shares
Insider Transaction (Form 4)
Ricardo Cardenas, President and CEO and a Director of Darden Restaurants Inc, sold 39,134 shares of common stock on July 28, 2026.
Summary
- Option exercise/conversion: acquired 19,091 Common Stock at $124.24 ($2,371,866) on July 28, 2026; holds 125,280 after (Direct).
- Open-market sale: disposed of 3,801 Common Stock at $209.58 ($796,596) on July 28, 2026; holds 121,479 after (Direct).
- Open-market sale: disposed of 7,241 Common Stock at $209.41 ($1,516,327) on July 28, 2026; holds 114,238 after (Direct).
- Open-market sale: disposed of 12,802 Common Stock at $208.79 ($2,672,994) on July 28, 2026; holds 101,436 after (Direct).
- Open-market sale: disposed of 15,290 Common Stock at $209.00 ($3,195,587) on July 28, 2026; holds 86,146 after (Direct).
- Option exercise/conversion: disposed of 19,091 Stock Option (Right to Buy) on July 28, 2026 (Direct).
- Grant/award: acquired 12,792 Restricted Stock Units (FY27 Annual Grant) on July 29, 2026; holds 12,792 after (Direct).
- Grant/award: acquired 37,735 Stock Option (Right to Buy) on July 29, 2026; holds 37,735 after (Direct).
Sentiment
Score: 2
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $8,181,504 of stock on the open market.
Insider Transactions
Ricardo Cardenas — Director, Officer (President and CEO)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-07-28 | Option exercise/conversion | Common Stock | 19,091 | $124 | $2.4M | 125,279.988 |
| 2026-07-28 | Open-market sale | Common Stock | 3,801 | $210 | $796.6K | 121,478.988 |
| 2026-07-28 | Open-market sale | Common Stock | 7,241 | $209 | $1.5M | 114,237.988 |
| 2026-07-28 | Open-market sale | Common Stock | 12,802 | $209 | $2.7M | 101,435.988 |
| 2026-07-28 | Open-market sale | Common Stock | 15,290 | $209 | $3.2M | 86,145.988 |
| 2026-07-28 | Option exercise/conversion | Stock Option (Right to Buy) | 19,091 | — | — | 0 |
| 2026-07-29 | Grant/award | Restricted Stock Units (FY27 Annual Grant) | 12,792 | — | — | 12,792 |
| 2026-07-29 | Grant/award | Stock Option (Right to Buy) | 37,735 | — | — | 37,735 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-28 | Option exercise/conversion (19,091 shares) |
| 2026-07-28 | Open-market sale (3,801 shares) |
| 2026-07-28 | Open-market sale (7,241 shares) |
| 2026-07-28 | Open-market sale (12,802 shares) |
| 2026-07-28 | Open-market sale (15,290 shares) |
| 2026-07-28 | Option exercise/conversion (19,091 shares) |
| 2026-07-29 | Grant/award (12,792 shares) |
| 2026-07-29 | Grant/award (37,735 shares) |
Keywords
insider transaction, Form 4, DRI, DARDEN RESTAURANTS INC, bearish, Ricardo Cardenas
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