Darden Restaurants Group President Melvin John Martin Sells $447K in Stock
DARDEN RESTAURANTS INC
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Filing Summary
Insider Sale Alert: DARDEN RESTAURANTS INC ($DRI) • Insider: Martin Melvin John (Group President) • Transaction: Sold 2,209 shares of Common Stock at $202.61/share • Total Value: $447,565.49 • Remaining Holdings: 21,560.062 shares • Filing Date: October 8, 2026
Comprehensive Analysis
Insider Transaction Overview
On October 6, 2026, Melvin John Martin, Group President of Darden Restaurants, Inc. ($DRI), executed an open-market sale of 2,209 shares of common stock at a price of $202.61 per share. The transaction generated gross proceeds of approximately $447,565.49.
Transaction Details
- Filing Date: October 8, 2026
- Transaction Date: October 6, 2026
- Insider: Martin Melvin John
- Title: Group President
- Transaction Code: S (Open market or private sale)
- Shares Sold: 2,209
- Execution Price: $202.61
- Post-Transaction Beneficial Ownership: 21,560.062 shares (held directly)
- Rule 10b5-1 Plan Indicator: 0 (Not indicated as executed under a Rule 10b5-1 plan)
Ownership & Context
Following this transaction, Mr. Martin continues to hold 21,560.062 shares directly, representing a modest disposition of approximately 9.3% of his equity holdings prior to the sale. Footnotes disclose that his retained holdings include shares acquired under the Darden Restaurants Employee Stock Purchase Plan and dividend reinvestment features. Due to the relatively routine transaction volume and continued substantial equity stake, this filing is classified as having Low trading significance.
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