A Darden Executive Kept Just 742 Shares Directly After Selling. Here's What Investors Should Know
King sold shares at $210.42 each, reducing her direct common stock holdings by 85% while retaining a significant number of derivative securities.
Overview
Sarah H. King, chief people officer of Darden Restaurants, Inc. (NYSE:DRI), reported a sale of 4,373 shares of the company on July 29, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($210.42); post-transaction value based on the July 29 market close ($212.23).
Details
Darden Restaurants operates one of the largest full-service restaurant portfolios in North America, with approximately 2,200 company-managed locations generating $13.2 billion in TTM revenue. The company maintains a competitive advantage through its multi-brand strategy, which allows it to serve diverse customer preferences and dining occasions while leveraging operational scale and supply chain efficiencies across its portfolio. With a market capitalization of $24.3 billion and net income of $1.2 billion TTM, Darden demonstrates strong profitability and market positioning within the consumer cyclical restaurant sector.
Source
Originally published at www.fool.com.