Darden SVP exercises options, sells 9,930 shares

Darden Restaurants senior vice president Susan M. Connelly reported an exercise-and-sale transaction in company stock.

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.

Insider Trade Summary

Exercise and Sale: 9,930 shares ($746K approx. pre-tax spread)

Exercise and Sale 7 txns

Insider Connelly Susan M.

Role SVP, Chief Comm & PA Officer

Sold 9,930 shs ($2.05M)

Approx. gross sale proceeds $2.05M

Approx. exercise cost $1.30M

Approx. pre-tax spread $746K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	5,091	$0.00	$0.00
Exercise	Stock Option (Right to Buy)	1,809	$0.00	$0.00
Exercise	Stock Option (Right to Buy)	3,030	$0.00	$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) — 1,810 contracts (Direct); Common Stock — 4,165.301 shares (Direct)

Footnotes (5)

1. F1. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
2. F2. 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.
3. F3. This option vested in two equal annual installments beginning on July 24, 2022.
4. F4. This option vested in two equal annual installments beginning on July 27, 2025.
5. F5. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Darden Restaurants (DRI) shares did Susan Connelly sell and at what price?

She sold 9,930 shares of Darden Restaurants common stock in an open-market sale at a weighted average price of $206.2111 per share. Individual trades occurred at prices ranging from $206.08 to $207.0799, according to the Form 4 footnote disclosure.

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.

How many Darden Restaurants (DRI) shares does Susan Connelly own after these transactions?

After the reported option exercises and share sale, Susan Connelly directly holds 4,165.301 shares of Darden Restaurants common stock. This total includes shares acquired through the company’s Employee Stock Purchase Plan and its dividend reinvestment feature, as noted in the footnotes.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/08/2026 - 04:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Connelly Susan M.

(Last) (First) (Middle)

1000 DARDEN CENTER DRIVE

(Street)

ORLANDO FLORIDA 32837

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC [ DRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Comm & PA Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/07/2026		M		5,091	A	$124.24	9,256.301(1)	D
Common Stock	07/07/2026		M		3,030	A	$148.2	12,286.301(1)	D
Common Stock	07/07/2026		M		1,809	A	$121.47	14,095.301(1)	D
Common Stock	07/07/2026		S		9,930	D	$206.2111(2)	4,165.301(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$124.24	07/07/2026		M			5,091	(3)	07/24/2029	Common Stock	5,091	$0.0000	0.0000	D
Stock Option (Right to Buy)	$121.47	07/07/2026		M			1,809	(4)	07/27/2032	Common Stock	1,809	$0.0000	1,810	D
Stock Option (Right to Buy)	$148.2	07/07/2026		M			3,030	(5)	07/28/2031	Common Stock	3,030	$0.0000	0.0000	D

Explanation of Responses:

1. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.

2. 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.

3. This option vested in two equal annual installments beginning on July 24, 2022.

4. This option vested in two equal annual installments beginning on July 27, 2025.

5. This option vested in two equal annual installments beginning on July 28, 2024.

	A. Noni Holmes-Kidd, Attorney-in-fact for Connelly, Susan M.	07/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)