Darden (DRI) SVP John W. Madonna Gifts 585 Shares

What Happened John W. Madonna, Senior Vice President and Corporate Controller of Darden Restaurants (DRI), disposed of a total of 585 shares of Darden common stock as charitable gifts. The Form 4 shows two gift transactions: 510 shares reported on 2026-09-28 and 75 shares reported on 2026-09-29. Each transfer is reported with a price of $0.00 because these were bona fide gifts; the filer received no consideration.

Key Details

• Transaction dates and counts: 510 shares gifted on 2026-09-28; 75 shares gifted on 2026-09-29 (total 585 shares).
• Reported price: $0.00 per share for both transactions (transaction code G = Gift).
• Reported value: $0 (gifts reported as no consideration received).
• Shares owned after transaction: not provided in the supplied filing data.
• Relevant footnotes:
  • F1 & F3: Each transaction represents a bona fide charitable gift; no consideration was received.
  • F2: Holdings include shares acquired under the Darden Employee Stock Purchase Plan and dividend reinvestment feature.
• Filing timeliness: Report filed 2026-09-29 for a transaction period ending 2026-09-28 — appears timely (no late filing flag shown).

Context Gifts to charity are recorded as dispositions but do not necessarily reflect the insider’s view of the company’s prospects. For retail investors, purchases are generally more indicative of insider conviction; charitable gifts are often driven by personal or philanthropic reasons and should not be interpreted as a market signal.