Darden Restaurants (DRI) director sells 2,333 shares, corrects price
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Darden Restaurants director William S. Simon filed an amended Form 4 after an open-market sale of 2,333 shares of common stock at $203.96 per share. After the sale, he directly holds 6,281 shares. The amendment states it is solely to correct the reported sale price based on erroneous brokerage information, with all other details from the original Form 4 unchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,333 shares ($475,839)
Net Sell
1 txn
Insider
Simon William S
Role
Director
Sold
2,333 shs ($476K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,333 | $203.96 | $476K |
Holdings After Transaction:
Common Stock — 6,281 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Darden Restaurants (DRI) director William S. Simon report?
Director William S. Simon reported an open-market sale of 2,333 shares of Darden Restaurants common stock. The reported sale price was $203.96 per share, and following this transaction he directly owns 6,281 shares according to the amended Form 4 filing.
Why was an amended Form 4 (Form 4/A) filed for Darden Restaurants (DRI)?
The amended Form 4 was filed solely to correct the sale price shown in the original Form 4. The filing explains the earlier price was based on erroneous information from the reporting person’s brokerage firm, and confirms no other transaction details were changed.
Was the Darden Restaurants (DRI) insider sale an open-market transaction?
Yes. The transaction is coded as an open-market or private sale of common stock. The filing explicitly labels the action as an open-market sale, with 2,333 shares sold at a reported price of $203.96 per share in the non-derivative securities section.
Did the Darden Restaurants (DRI) amended Form 4 change anything besides the sale price?
No. The footnote states the amendment is being filed solely to correct the sale price that was previously misreported. It clarifies that no other information in the original Form 4, including share amounts and holdings, has been changed in this amendment.