Form 4: Darden Restaurants Executive Laura B. Williamson Reports Stock Transactions
SEC Form 4
Laura B. Williamson, President of LongHorn Steakhouse and an officer of Darden Restaurants, reported the exercise of stock options and the sale of shares on September 23, 2024.
Summary
- On September 23, 2024, Laura B. Williamson, President of LongHorn Steakhouse, exercised stock options to acquire 1,086 shares of Darden Restaurants common stock at a price of $78.84.
- She then sold 580 shares at $171.915 and 1,086 shares at $172.0402.
- Following these transactions, Williamson directly owns 11,442.298 shares and indirectly owns 5,334.363 shares through her spouse and 889.7579 shares through her 401k.
- She also indirectly owns options for 0.0000 shares through her spouse and directly owns options for 2,714 shares.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company officer. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 07/29/2023 | Stock option vesting began in two equal annual installments. |
| 09/23/2024 | Date of earliest transaction: stock option exercise and sale of shares. |
| 09/25/2024 | Date of Form 4 filing. |
| 07/29/2030 | Expiration date of stock options. |
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