Darden Restaurants Officer Proposes Sale of $447K in Common Stock
DARDEN RESTAURANTS INC
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Filing Summary
Proposed Insider Sale: DARDEN RESTAURANTS INC ($DRI) • Insider: Melvin John Martin (Officer) • Filing Type: Form 144 • Shares to Sell: 2,209 • Estimated Total Value: $447,565.49 (~$202.61/share) • Broker: Morgan Stanley Smith Barney LLC • Source of Shares: Restricted Stock Vesting (07/28/2025)
Comprehensive Analysis
Executive Summary
On October 6, 2026, Melvin John Martin, an Officer of Darden Restaurants, Inc. (NYSE: DRI), filed a Form 144 notice of proposed sale covering 2,209 shares of common stock with an aggregate market value of approximately $447,565.49. The proposed sale is managed through Morgan Stanley Smith Barney LLC.
Transaction Details
- Security: Common Stock
- Shares Offered: 2,209 shares
- Market Value: $447,565.49 (~$202.61 per share)
- Shares Outstanding: 113,143,224 shares
- Approximate Sale Date: October 6, 2026
- Nature of Acquisition: Acquired on July 28, 2025, through restricted stock vesting under a registered equity plan for services rendered.
- Past 3 Months Sales: None reported.
Market Impact & Significance
The proposed sale of 2,209 shares represents a negligible fraction (less than 0.002%) of Darden Restaurants' 113.14 million shares outstanding. Given the standard size and the fact that the shares originate from vested equity compensation, this transaction carries low trading significance and is unlikely to influence market sentiment or share price trajectory.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
