Darden Restaurants (NYSE: DRI) SVP sells 3,620 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Darden Restaurants senior executive Douglas J. Milanes, SVP and Chief Supply Chain Officer, sold shares of company stock. On April 17, 2026, he executed an open-market sale of 3,620 shares of Darden Restaurants common stock at an average price of $202.165 per share. After this transaction, he directly held 273.974 shares. A footnote explains that his holdings include shares acquired through the Darden Restaurants, Inc. Employee Stock Purchase Plan and its dividend reinvestment feature.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 3,620 shares ($731,837)
Net Sell
1 txn
Insider
Milanes Douglas J.
Role
SVP, Chief Supply Chain Ofcr
Sold
3,620 shs ($732K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,620 | $202.165 | $732K |
Holdings After Transaction:
Common Stock — 273.974 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 3,620 shares
Average sale price: $202.165 per share
Shares held after transaction: 273.974 shares
+1 more
4 metrics
Shares sold
3,620 shares
Open-market sale on April 17, 2026
Average sale price
$202.165 per share
Open-market sale of Darden Restaurants common stock
Shares held after transaction
273.974 shares
Direct ownership following April 17, 2026 sale
Net shares sold
3,620 shares
Net-sell direction in transaction summary
Key Terms
open-market sale, Employee Stock Purchase Plan, dividend reinvestment, Common Stock
4 terms
open-market sale financial
"he executed an open-market sale of 3,620 shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Employee Stock Purchase Plan financial
"shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
dividend reinvestment financial
"dividend reinvestment feature of the Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Common Stock financial
"open-market sale of 3,620 shares of Darden Restaurants common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Darden Restaurants (DRI) report for Douglas J. Milanes?
Darden Restaurants reported that SVP and Chief Supply Chain Officer Douglas J. Milanes completed an open-market sale of 3,620 common shares. The transaction occurred on April 17, 2026, and reflects a routine disposition of stock rather than a grant or option exercise.
What is the role of Douglas J. Milanes at Darden Restaurants (DRI)?
Douglas J. Milanes serves as Senior Vice President and Chief Supply Chain Officer of Darden Restaurants. His Form 4 filing reflects personal trading activity in the company’s common stock, specifically an open-market sale, rather than any change to his executive role or responsibilities.