Darden Restaurants (NYSE: DRI) president sells 8,864 shares after option exercise
Rhea-AI Filing Summary
Darden Restaurants executive John W. Wilkerson, President, Olive Garden, reported an option exercise and share sales. On August 5, 2026, he exercised options for 6,364 shares of common stock at $124.2400 per share, then sold 2,500 and 6,364 shares at weighted average prices of $208.4141 and $208.2970. After these trades, he continued to hold 614.8433 shares indirectly through a 401k plan.
Positive
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Wilkerson John W.
Role
President, Olive Garden
Sold
8,864 shs ($1.85M)
Approx. gross sale proceeds
$1.85M
Approx. exercise cost
$791K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4 | 6,364 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 6,364 | $124.24 | $791K |
| Sale | Common Stock F2, F1 | 2,500 | $208.4141 | $521K |
| Sale | Common Stock F3, F1 | 6,364 | $208.297 | $1.33M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 18,793.689 shares (Direct);
Common Stock — 614.8433 shares (Indirect, By 401k)
Footnotes (4)
- F1. Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
- F2. This transaction was executed in multiple trades at prices ranging from $208.115 to $208.8689. 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.
- F3. This transaction was executed in multiple trades at prices ranging from $208.04 to $208.8888. 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.
- F4. This option vested in two equal annual installments beginning on July 24, 2022.
Key Figures
Options exercised: 6364.0000 shares
First block of shares sold: 2500.0000 shares
Second block of shares sold: 6364.0000 shares
+3 more
6 metrics
Options exercised
6364.0000 shares
Stock options for common stock exercised on 2026-08-05 at $124.2400 per share
First block of shares sold
2500.0000 shares
Common stock sold at weighted average price $208.4141 on 2026-08-05
Second block of shares sold
6364.0000 shares
Common stock sold at weighted average price $208.2970 on 2026-08-05
Total shares sold
8864 shares
Aggregate common shares sold across reported sale transactions
Indirect holdings after transactions
614.8433 shares
Common stock held indirectly by 401k after the August 5, 2026 transactions
Option expiration date
2029-07-24
Expiration date of the exercised stock option (right to buy)
Key Terms
Stock Option (Right to Buy), Employee Stock Purchase Plan, dividend reinvestment feature, weighted average sale price
4 terms
Stock Option (Right to Buy) financial
"security_title lists "Stock Option (Right to Buy)" for the derivative award"
Employee Stock Purchase Plan financial
"Footnote F1 mentions 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
"Footnote F1 refers to the dividend reinvestment feature of the Plan"
weighted average sale price financial
"Footnotes F2 and F3 state the prices reflect the weighted average sale price"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Darden Restaurants (DRI) executive John W. Wilkerson report?
On August 5, 2026, John W. Wilkerson exercised options for 6,364 Darden Restaurants (DRI) shares and sold 8,864 common shares. The sales were in blocks of 2,500 and 6,364 shares at weighted average prices of $208.4141 and $208.2970, based on multiple trades.
What stock options did John W. Wilkerson exercise in this Darden Restaurants (DRI) report?
He exercised a stock option (right to buy) for 6,364 shares of Darden Restaurants common stock at an exercise price of $124.2400 per share. The option was scheduled to vest in two equal annual installments beginning on July 24, 2022, and had an expiration date of July 24, 2029.