Form 4: Darden Restaurants SVP, Chief People Officer Sarah H. King Executes Stock Option and Sells Shares
SEC Form 4
Sarah H. King, SVP, Chief People Officer of Darden Restaurants, exercised stock options and sold shares of common stock on March 25, 2025.
Summary
- On March 25, 2025, Sarah H. King, SVP, Chief People Officer of Darden Restaurants, exercised a stock option to acquire 8,681 shares of common stock at a price of $107.05 per share.
- Simultaneously, Ms. King sold 2,367 shares at a weighted average price of $207.755 and 6,314 shares at a weighted average price of $207.089.
- Following these transactions, Ms. King directly owns 534.791 shares of Darden Restaurants common stock, inclusive of shares acquired through the Employee Stock Purchase Plan and dividend reinvestments.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among corporate executives. These transactions are closely watched by investors for signals about a company's prospects, although they can be driven by personal financial planning needs.
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 |
|---|---|
| 07/25/2021 | Stock option vested in two equal annual installments beginning on this date. |
| 07/25/2028 | Expiration date of the stock option. |
| 03/25/2025 | Date of the stock option exercise and share sales. |
| 03/27/2025 | Date of the signature on the SEC Form 4 filing. |
Keywords
Darden Restaurants, DRI, Sarah H. King, Stock Option, SEC Form 4, Insider Trading, Chief People Officer, Share Sale
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