DRI insider sale of 5,661 shares; 515-share charitable gift reported
Rhea-AI Filing Summary
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.
Positive
- Charitable gift of 515 shares to a donor advised fund demonstrates philanthropic action
- Remaining holdings include ESPP and dividend reinvestment, showing continued insider participation in equity ownership
Negative
- Officer sold 5,661 shares at a weighted average price of $193.4048, reducing direct holdings
- Filing does not specify a 10b5-1 plan, leaving timing of sale potentially ad hoc
Insights
Officer sale plus charitable gift modestly reduces insider stake.
The filing shows an executive-level sale of 5,661 shares at a weighted average of $193.4048 and a 515-share gift to a donor advised fund on 10/06/2025. This combination lowers direct beneficial ownership to 13,915.754 shares, with other shares held via the employee plan and dividend reinvestment.
The primary dependency is whether this sale follows a pre-existing plan or was ad hoc; the form does not indicate a 10b5-1 plan. Monitor subsequent Form 4 filings within the next weeks for additional sales or plan disclosures.
Transactions reflect routine liquidity and charitable donation, not option exercises.
The report lists a non-derivative sale (code S) and a gift (code G); no derivative exercises are disclosed. The filing notes shares include purchases under the Employee Stock Purchase Plan and dividend reinvestment, indicating ongoing equity accumulation offset by the sale and gift.
Watch for updates to total beneficial ownership reported in future filings and any disclosure of a written sale plan; any material change would appear in subsequent Form 4s within the quarter.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 515 | $0.00 | -- |
| Sale | Common Stock | 5,661 | $193.4048 | $1.09M |
Footnotes (1)
- This transaction represents a bona fide gift of 515 shares of Darden Restaurants, Inc. common stock to a donor advised fund. No consideration was received in connection with this transfer. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. This transaction was executed in multiple trades at prices ranging from $193.32 to $193.44. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
