Darden Restaurants Inc SEC Filings

Darden Restaurants (DRI) insider Matthew R. Broad, SVP General Counsel, reported transactions on 10/06/2025 that reduced his direct holdings. He sold 5,661 shares at a weighted average price of $193.4048, leaving 13,915.754 shares directly owned. Separately, he made a bona fide gift of 515 shares to a donor advised fund, and his total post-transaction holdings include shares acquired under the Employee Stock Purchase Plan and dividend reinvestment.

The sale was executed in multiple trades at prices between $193.32 and $193.44. The reporting person certified the form via attorney-in-fact on 10/08/2025.

Darden Restaurants, Inc. (DRI) reported a proposed insider sale under Rule 144: 5,661 shares of common stock are planned for sale through Morgan Stanley Smith Barney LLC on 10/06/2025. The filing shows those shares resulted from restricted stock vesting on 07/28/2025 and lists an aggregate market value of $1,094,864.57 against 116,313,762 shares outstanding. The notice attests that the seller is not aware of undisclosed material adverse information and discloses no other sales in the past three months. This is a routine insider liquidity transaction documented to satisfy Rule 144 resale requirements.

Darden Restaurants reported first-quarter fiscal 2026 results and significant portfolio activity. The company completed the acquisition of Chuy's for $649.1 million on October 11, 2024, adding 103 restaurants and including Chuy's results from the acquisition date. Darden sold eight Olive Garden Canada locations to Recipe Unlimited and entered a franchise/area development agreement with Recipe. Management is exploring strategic alternatives for the Bahama Breeze brand but has not classified the assets as held for sale. The effective tax rate was 12.2% for the quarter versus 10.6% a year earlier. The Board declared a $1.50 per share cash dividend payable November 3, 2025. Darden had $142.0 million of commercial paper outstanding and $1.10 billion available under its revolving credit facility.

Daryl Kenningham, a director of Darden Restaurants, reported equity awards and conversions on 09/17/2025. The filing shows Restricted Stock Units (RSUs) converting one-for-one into common stock. On that date 823 RSUs associated with the FY25 annual grant are recorded and 886 RSUs from the FY26 director annual grant were acquired, totaling 1,709 RSUs referenced in the filing. The FY25 RSUs and the FY26 director grant vest on the earlier of one year from grant or the next annual meeting of shareholders. Following the reported transactions, the reporting person beneficially owned 1,280 shares of common stock as shown in the form. The form was signed by an attorney-in-fact on 09/19/2025.

Cynthia T. Jamison, a director and Chairman of the Board of Darden Restaurants, reported transactions on 09/17/2025. She disposed of 6,961 shares of common stock and received a director annual grant of 1,365 restricted stock units (RSUs) that convert one-for-one into common shares. The RSUs vest on the earlier of one year from grant or the next annual shareholders' meeting, and the director may elect a one-time deferral of settlement until termination from the board. The Form 4 was signed by an attorney-in-fact on 09/19/2025.

Charles M. Sonsteby, a director of Darden Restaurants (DRI), reported changes in his holdings on a Form 4 filed for transactions dated September 17, 2025. The filing shows a disposal of 21,943 shares of Common Stock and the grant/acquisition of 886 Restricted Stock Units (RSUs) tied to the FY26 director annual grant. The RSUs convert one-for-one into common shares, vest the earlier of one year from grant or the next annual shareholder meeting, and include a one-time option to defer settlement until the director leaves the board. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Timothy J. Wilmott, a director of Darden Restaurants, reported receipt of restricted stock units as his FY26 director annual grant. The Form 4 shows an award of 886 Restricted Stock Units (RSUs) granted on 09/17/2025. The RSUs convert one-for-one into common stock and carry a $0.0000 per‑unit price. The RSUs vest on the earlier of one year from grant or the next annual meeting of shareholders, and the director has a one‑time option to defer settlement until termination from the board. Following the grant, Mr. Wilmott beneficially owns 27,094 shares indirectly through a trust.

Darden Restaurants director William S. Simon received annual restricted stock unit (RSU) grants as compensation, increasing his direct holding. The Form 4 reports acquisition of 1,162 RSUs for the fiscal year 2025 director annual grant and 886 RSUs for the fiscal year 2026 director annual grant, each converting one-for-one into common stock at $0.0000 per share. After the reported transactions, Mr. Simon beneficially owns 8,614 shares of Darden common stock directly. The RSUs vest on the earlier of one year from grant or the next annual shareholders meeting.