King Sarah H. 4
Research Summary
AI-generated summary
Darden (DRI) SVP Chief People Officer Sarah King Sells 4,605 Shares
What Happened
Sarah H. King, SVP and Chief People Officer of Darden Restaurants (DRI), sold a total of 4,605 shares in open-market transactions on January 22, 2026. The sales were in two reported blocks: 200 shares at a weighted-average price of $207.28 (≈ $41,456) and 4,405 shares at a weighted-average price of $206.62 (≈ $910,180), for total proceeds of about $951,636. These are S-code (sale) transactions and represent dispositions, not purchases.
Key Details
- Transaction date: 2026-01-22 (filed with the SEC on 2026-01-26 — filed within the standard 2-business-day Form 4 deadline).
- Prices reported as weighted averages: $207.28 (200 shares) and $206.62 (4,405 shares).
- Total shares sold: 4,605; total proceeds: ≈ $951,636.
- Footnotes:
- F1 & F3: Each sale was executed in multiple trades; reported prices are weighted averages across trade price ranges (F1 range ≈ $207.23–$207.3311; F3 range ≈ $206.205–$207.1852). The filer offers to provide full trade-level details on request.
- F2: Indicates reported beneficial ownership (where shown in the filing) includes shares from the Employee Stock Purchase Plan and dividend reinvestment feature.
- Remarks: filing references "king2025v2poa.txt" (see the full filing for details).
- Shares owned after transaction: not specified in the data provided here (see the Form 4 for the reporter’s post-transaction holdings).
Context
- These were open-market sales (S), which are often routine (e.g., diversification or liquidity) and do not, by themselves, signal management’s view of the company’s prospects. Purchases generally carry more informational weight for investors.
- The filing’s footnotes clarify multi-trade execution and the inclusion of ESPP/DRIP shares in reported ownership; consult the Form 4 for full details or to request trade-level prices.
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