Darden Restaurants Chief People Officer Sarah H. King sold 4,373 shares at $210.42 each on July 29, reducing her directly held common stock by 85% to just 742 shares, according to an SEC filing. The transaction was valued at roughly $920,200. King retains additional derivative securities, including restricted stock units and stock options, maintaining ongoing equity exposure. The sale occurred as Darden reported trailing 12-month revenue of $13.2 billion and net income of $1.2 billion, with a market capitalization of $24.3 billion. The company recently crossed $13 billion in annual sales for the first time but issued a cautious forward outlook, a context that often prompts executive profit-taking.
Darden Restaurants IncInsider sale by CPO reduces holdings, often seen as negative signal.
