Darden (DRI) SVP & CFO Rajesh Vennam Sells Shares

What Happened Rajesh Vennam, Senior Vice President and Chief Financial Officer of Darden Restaurants (DRI), sold 8,478 shares in an open-market/private sale on July 29, 2026 at $210.00 per share for proceeds of $1,780,380. On the same date he was also granted derivative awards totaling 14,788 shares (3,744 and 11,044), recorded at $0.00 in the filing — these are awards/derivative grants rather than open-market purchases.

Key Details

• Transaction date: July 29, 2026.
• Sale: 8,478 shares disposed at $210.00 each — total proceeds $1,780,380.
• Grants/Awards: 3,744 and 11,044 share-based derivative awards (acquired at $0.00).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 notes ESPP/dividend reinvestment participation; F2 indicates some awards are restricted stock units that convert one-for-one to common shares; F3 indicates an option award that vests in two equal annual installments beginning July 29, 2029.
• Filing timeliness: no late filing indicated in the provided data.

Context

• The sale is a realized disposition (cash proceeds) and is often routine for executives; the simultaneous derivative awards represent compensation (RSUs/options) rather than a market purchase. Per the footnotes, some awards will convert to shares (RSUs) and some option awards have future vesting schedules — they do not necessarily reflect an immediate change in ownership or market view.