In 2023, Ricardo Cardenas earned $7.13M in total compensation at Darden Restaurants, including $1.10M salary, $1.75M bonus and $3.80M in stock. Most recently acquired 620 shares in May 2024. Currently holds stock worth $16.62M. Has donated $1.44M in stock to charitable causes. 3+ years at the helm of Darden Restaurants.
Compensation History
Annual executive compensation data for Ricardo Cardenas, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$7.13M
Salary
$1.10M
Bonus
$1.75M
Other
$471.17K
Salary
$1.10MBoard Justification
Darden's compensation philosophy focuses on aligning executive pay with performance, with a significant portion of total compensation tied to company performance metrics such as EPS and same-restaurant sales growth.
Bonus
$1.75MBoard Justification
The annual incentive amounts awarded for fiscal 2024 were based on the Target Bonus Opportunity multiplied by the Company performance rating, resulting in a payout of 108% of target.
Other Compensation
$471.17KBoard Justification
Other compensation includes perks such as a company car allowance, contributions to defined contribution plans, insurance premiums, and dividends on vested stock.
Restricted Stock
Board Justification
The stock awards that vested in 2023 were restricted stock units (RSUs) that fully vest on the third anniversary of the grant date.
Performance Metrics
The performance metrics for determining the CEO's compensation included Darden Adjusted Diluted Net EPS and same-restaurant sales growth.
Ricardo Cardenas
CEO of Darden Restaurants
Education
Not specified
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Consumer Cyclical
Born
March 10, 1968 - 57 years ago
CEO of Darden Restaurants for
3 years 6 months (May 2022 - Present)
Previous Experience
President and Chief Operating Officer since January 2021; Senior Vice President, Chief Financial Officer from 2016; Senior Vice President, Chief Strategy Officer from 2015 to 2016; Executive Vice President of Operations for LongHorn Steakhouse from 2013 to 2014; Senior Vice President of Finance for Red Lobster from 2010 to 2012.
Other Darden Restaurants CEOs
Holdings
Track Ricardo Cardenas's stock holdings and portfolio value over time.
Total Stock Sold
$20.92M
$20.92M
146,558 DRI shares
What if they kept their stock?
If Ricardo Cardenas didn't sell their stock, today they would have:
Extra DRI146,558 shares worth $25.83M.
This is 23.48% and $4.91M more than what they got when they sold the stock.
Charitable Transactions
8,169 shares
DRI
Recent Charitable Transactions
2,172 shares
DRI
Dec 26, 2023
Charity
2,149 shares
DRI
Dec 20, 2023
Charity
1,500 shares
DRI
Jul 6, 2023
Charity
348 shares
DRI
Dec 22, 2021
Charity
2,000 shares
DRI
Dec 24, 2018
Charity
Insider Trading
Ricardo Cardenas's recent stock transactions, purchases, and sales filed with the SEC.
620 shares
TSCO
May 8, 2024
Received
2,172 shares
DRI
Dec 26, 2023
Charity
2,149 shares
DRI
Dec 20, 2023
Charity
$16.50K
TSCO at $203.05/share
Oct 2, 2023
Received
$3.95M
DRI at $170.04/share
Jul 24, 2023
Sale
1,500 shares
DRI
Jul 6, 2023
Charity
$16.50K
TSCO at $221.10/share
Jul 3, 2023
Received
652 shares
TSCO
May 10, 2023
Received
$16.58K
TSCO at $235.04/share
Apr 3, 2023
Received
$1.97M
DRI at $155.02/share
Mar 28, 2023
Sale
Rivals
Compare Ricardo Cardenas with competitor CEOs and industry peers.
Rajesh Subramaniam
CEO of FedEx
2023 Compensation
Stock
$2.25M
Salary
$1.45M
Bonus
$0.00
Other
$1.66M
Total Holdings
$10.19M
Jerry Morgan
CEO of Texas Roadhouse
2022 Compensation
Stock
$1.10M
Salary
$972.50K
Bonus
$0.00
Other
$2.98K
Total Holdings
$13.40M
Wyman Roberts
CEO of Brinker International
2022 Compensation
Stock
$0.00
Salary
$0.00
Bonus
$0.00
Other
$0.00
Total Holdings
$6.26M
David Overton
Founder and CEO of Cheesecake Factory
2023 Compensation
Stock
$200.00K
Salary
$900.00K
Bonus
$250.00K
Other
$100.00K
Total Holdings
$11.06M
David J. Deno
CEO of Bloomin' Brands, Inc.
2022 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$897.97K
Other
$19.02K
Total Holdings
$1.55M
Vance Y. Chang
CEO of Dine Brands Global
2023 Compensation
Stock
$231.24K
Salary
$530.40K
Bonus
$329.30K
Other
$53.79K
Total Holdings
$1.06M