Olive Garden Parent Company Group President Sells Portion of Shares

Melvin John Martin, Group President of Darden Restaurants Inc. (NYSE: DRI), sold 1,200 shares of the company’s common stock on January 6, 2026, at approximately $197.47 per share, netting about $237,000 (roughly ₩300 million). Following the transaction, Martin retains approximately 17,000 shares—valued at around $3.4 million (about ₩4 billion)—including shares acquired through the employee stock ownership plan and dividend reinvestment.

The company’s SEC filing states that this sale was a discretionary, open-market transaction by an officer and represents only a portion of his total holdings.

In its fiscal 2025 results, Darden Restaurants reported revenue of $12.1 billion (approximately ₩15 trillion) and growth in adjusted earnings per share, and it authorized a new $1 billion share repurchase program. In the first quarter of fiscal 2026, revenue rose more than 10% year-over-year to $3.0 billion. The company also repurchased about $183 million (around ₩200 billion) of its shares and declared a quarterly dividend of $1.50 per share.

Headquartered in Orlando, Florida, Darden Restaurants is a leading casual-dining company that owns well-known brands such as Olive Garden and LongHorn Steakhouse. As of fiscal 2025, the company operates thousands of restaurants across North America, expanding its footprint through same-store sales growth and strategic mergers and acquisitions.