Darden Restaurants CFO reduced direct holdings by nearly half, selling shares at a weighted average price of $210.00.
Darden Restaurants Inc. (NYSE:DRI) CFO Rajesh Vennam sold 8,478 shares on July 29, cutting his direct common stock position from 17,047 to 8,569 shares. The transaction was valued at a weighted average price of $210.00 per share, according to an SEC filing.
At the July 29 market close, Darden’s stock price stood at $212.23, with a market capitalization of $24.3 billion. The company reported trailing-12-month revenue of $13.2 billion and net income of $1.2 billion, reflecting a 5% one-year total return as of the transaction date.
Darden operates a diversified portfolio of full-service dining brands, including Olive Garden and LongHorn Steakhouse, focusing on casual and upscale dining segments.