Wilkerson John W. 4
Accession 0001225208-26-000677
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 10:11 AM ET
Size
10.2 KB
Accession
0001225208-26-000677
Research Summary
AI-generated summary of this filing
Darden (DRI) President-Elect John Wilkerson Sells Shares
What Happened
John W. Wilkerson, President‑Elect of Olive Garden at Darden Restaurants (DRI), reported two transactions on Jan 16, 2026. He sold 2,258 shares in an open‑market sale at $213.00 per share for proceeds of $480,954, and separately made a bona fide gift of 670 shares for charitable contributions (no consideration received).
Key Details
- Transaction date: 2026-01-16. Form 4 filed: 2026-01-21 (filed on time within the 2 business‑day requirement).
- Sale: 2,258 shares sold at $213.00 each; proceeds reported $480,954. (Code S — sale.)
- Gift: 670 shares transferred as a charitable gift (Code G — gift); no proceeds received.
- Footnotes: F1 confirms the 670‑share transfer was a bona fide charitable gift with no consideration; F2 notes holdings include shares acquired under Darden’s ESPP and dividend reinvestment.
- Shares owned after the transactions: not specified in the provided filing.
- Remarks file referenced: wilkerson2025v2poa.txt (administrative/POA notation).
Context
Open‑market sales and charitable gifts by executives are common and do not necessarily signal a change in company outlook. Gifts are usually for personal/charitable planning and are not a market sentiment indicator. The sale was disclosed on a timely Form 4.
Insider Transaction Report
- Gift
Common Stock
[F1][F2]2026-01-16−670→ 20,042.371 total - Sale
Common Stock
[F2]2026-01-16$213.00/sh−2,258$480,954→ 17,784.371 total
- 606.114(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]This transaction represents a bona fide gift of 670 shares of Darden Restaurants, Inc. common stock for charitable contributions. No consideration was received in connection with this transfer.
- [F2]Includes shares acquired pursuant to the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan.
Signature
Documents
Issuer
DARDEN RESTAURANTS INC
CIK 0000940944
Related Parties
1- filerCIK 0002075975
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 10:11 AM ET
- Size
- 10.2 KB