Darden Restaurants (DRI) SVP exercises 9,930 options, sells 9,930 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Darden Restaurants senior vice president Susan M. Connelly reported an exercise-and-sale transaction in company stock. On July 7, 2026, she exercised stock options to acquire a total of 9,930 shares of common stock at exercise prices of $121.47, $124.24 and $148.20 per share, then sold 9,930 shares in an open-market sale at a weighted average price of $206.2111 per share, with individual trade prices ranging from $206.08 to $207.0799. Following these transactions, she directly holds 4,165.301 shares of Darden common stock, including shares acquired through the company’s employee stock purchase and dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,930 shares ($2,047,676)
Net Sell
7 txns
Insider
Connelly Susan M.
Role
SVP, Chief Comm & PA Officer
Sold
9,930 shs ($2.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,091 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 1,809 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 3,030 | $0.00 | -- |
| Exercise | Common Stock | 5,091 | $124.24 | $633K |
| Exercise | Common Stock | 3,030 | $148.20 | $449K |
| Exercise | Common Stock | 1,809 | $121.47 | $220K |
| Sale | Common Stock | 9,930 | $206.2111 | $2.05M |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 9,256.301 shares (Direct, null)
Footnotes (1)
- 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 $206.08 to $207.0799. 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. This option vested in two equal annual installments beginning on July 24, 2022. This option vested in two equal annual installments beginning on July 27, 2025. This option vested in two equal annual installments beginning on July 28, 2024.
Key Figures
Shares sold: 9,930 shares
Weighted average sale price: $206.2111 per share
Shares acquired via option exercise: 9,930 shares
+5 more
8 metrics
Shares sold
9,930 shares
Open-market sale of common stock on July 7, 2026
Weighted average sale price
$206.2111 per share
Common stock sale executed in multiple trades
Shares acquired via option exercise
9,930 shares
Exercises of stock options on July 7, 2026
Option exercise price
$121.47 per share
One stock option tranche covering 1,809 shares
Option exercise price
$124.24 per share
One stock option tranche covering 5,091 shares
Option exercise price
$148.20 per share
One stock option tranche covering 3,030 shares
Post-transaction holdings
4,165.301 shares
Directly owned Darden common stock after transactions
Sale price range
$206.08–$207.0799 per share
Range of individual trade prices in the sale
Key Terms
open-market sale, Stock Option (Right to Buy), Employee Stock Purchase Plan, dividend reinvestment feature, +1 more
5 terms
open-market sale financial
"9,930 shares in an open-market sale at a weighted average price"
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.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" for derivative entries"
Employee Stock Purchase Plan financial
"Includes 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 feature financial
"and dividend reinvestment feature of the Plan"
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
FAQ
What did Darden Restaurants (DRI) executive Susan Connelly do in this Form 4?
Susan M. Connelly reported exercising stock options for 9,930 Darden Restaurants shares and selling 9,930 shares in an open-market transaction. The filing reflects an exercise-and-sale pattern rather than a simple purchase or sale of previously held common stock.
What stock options did Susan Connelly exercise in the latest Darden (DRI) Form 4?
She exercised options covering 9,930 underlying Darden shares, split among tranches of 1,809 shares at a $121.47 exercise price, 3,030 shares at $148.20, and 5,091 shares at $124.24. These options had previously vested under their respective grant schedules.
What role does Susan Connelly hold at Darden Restaurants (DRI)?
Susan M. Connelly is an officer of Darden Restaurants serving as Senior Vice President, Chief Communications and Public Affairs Officer. The Form 4 filing reflects her transactions in Darden common stock and related stock options as a company insider subject to Section 16 reporting.
Were the Darden (DRI) stock sales executed in a single trade or multiple trades?
The sale was executed in multiple trades, with prices ranging from $206.08 to $207.0799 per share. The Form 4 reports a weighted average sale price of $206.2111 and notes the insider will provide detailed trade information to regulators or shareholders upon request.