STOCK TITAN

Planned sale of 3,123 Darden (NYSE: DRI) shares disclosed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Darden Restaurants has a planned insider stock sale under Rule 144. A holder of Darden common stock filed a notice to sell 3,123 shares through J.P. Morgan Securities LLC on the NYSE, with an aggregate market value of $640,714.68. The filing notes that 115,139,249 shares of common stock were outstanding at the time referenced.

The shares to be sold were originally acquired on 04/30/2021 from the issuer as compensation for services rendered, rather than through a cash purchase. The filer also represents they are not aware of any undisclosed material adverse information about Darden’s current or prospective operations.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many Darden (DRI) shares are planned to be sold under this Rule 144 notice?

The notice covers the planned sale of 3,123 shares of Darden Restaurants common stock.

What is the aggregate market value of the Darden (DRI) shares to be sold?

The 3,123 Darden common shares listed for sale have an aggregate market value of $640,714.68 in the notice.

How and where will the Darden (DRI) shares be sold?

The filing states the Darden common shares are to be sold through J.P. Morgan Securities LLC on the NYSE.

How were the Darden (DRI) shares being sold originally acquired?

The 3,123 Darden common shares were acquired on 04/30/2021 from the issuer as compensation for services rendered.

How many Darden (DRI) common shares were outstanding according to the notice?

The notice reports that 115,139,249 Darden common shares were outstanding at the referenced time; this is a baseline figure, not the amount being sold.

Does the filer make any representation about Darden’s undisclosed information?

Yes. By signing, the person for whose account the securities are to be sold represents that they do not know any material adverse information about Darden’s current or prospective operations that has not been publicly disclosed.

Darden Restaurants Inc

NYSE:DRI

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