Driven Brands (NASDAQ: DRVN) CFO awarded 66,794 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Driven Brands Holdings Inc. reported that EVP & Chief Financial Officer Michael Fisher received an award of 66,794 shares of Common Stock in the form of restricted stock units. These RSUs were granted at no cash cost to him and are part of his equity compensation.
The RSUs will vest in three equal installments on March 11, 2027, March 11, 2028, and March 11, 2029, as long as he remains in continuous service through each vesting date. After this grant, Fisher directly holds 231,961 shares of Common Stock, which includes shares acquired through the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Diamond Michael Fisher
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,794 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 231,961 shares (Direct, null)
Footnotes (1)
- Consists of restricted stock units ("RSU"), which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029, provided the Reporting Person remains in continuous service on each vesting date. Includes shares purchased pursuant to the Company's Employee Stock Purchase Plan .
Key Figures
RSU grant size: 66,794 shares
Holdings after transaction: 231,961 shares
Vesting installment dates: March 11, 2027/2028/2029
3 metrics
RSU grant size
66,794 shares
Restricted stock units of Common Stock granted to CFO
Holdings after transaction
231,961 shares
Total Common Stock directly held after the grant
Vesting installment dates
March 11, 2027/2028/2029
Three equal vesting dates for the RSUs
Key Terms
restricted stock units, RSU, Employee Stock Purchase Plan
3 terms
restricted stock units financial
"Consists of restricted stock units ("RSU"), which represent a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Consists of restricted stock units ("RSU"), which represent a contingent right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Employee Stock Purchase Plan financial
"Includes shares purchased pursuant to the Company's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What did DRVN’s CFO report in this Form 4 filing?
Driven Brands’ CFO Michael Fisher reported receiving 66,794 restricted stock units. These represent future shares of Common Stock granted as equity compensation and do not involve any cash purchase in this transaction.
What is the vesting schedule for the 66,794 DRVN restricted stock units?
The 66,794 restricted stock units vest in three equal installments. They are scheduled to vest on March 11, 2027, March 11, 2028, and March 11, 2029, provided Michael Fisher remains in continuous service through each vesting date.
What does it mean that DRVN granted restricted stock units to the CFO?
The grant of restricted stock units gives the CFO a contingent right to receive one share of Common Stock per unit. Actual shares are delivered only as the units vest over time, aligning compensation with ongoing service to the company.
What role does the Employee Stock Purchase Plan play in the CFO’s DRVN holdings?
The filing notes that the CFO’s total share count includes shares purchased through the Employee Stock Purchase Plan. This plan allows eligible employees to buy company stock, adding to his overall ownership in Driven Brands.