LongHorn Steakhouse president sold 1,553 DRI shares at $204.48 following a 9.5% sales increase, retaining a $2.2 million stake.
Darden Restaurants Inc. (NYSE:DRI) executive Laura B. Williamson sold 1,553 shares of common stock on July 31 at a weighted average price of $204.48. The transaction followed a 9.5% sales jump at LongHorn Steakhouse, where Williamson serves as president.
The sale reduced Williamson’s indirect holdings to 6,471 shares, including 5,535 shares held by her spouse and 936 shares in a 401(k) plan. She retains 10,754 shares directly, valued at approximately $2.2 million based on the August 3 market close of $206.24.
Shares closed 1% higher on August 3 than the weighted-average sale price, reflecting a modest post-transaction gain.