[Form 4] Driven Brands Holdings Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JOHNSON TIMOTHY A reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. director Timothy A. Johnson received an equity grant in the form of restricted stock units. The award covers 12,595 RSUs, each representing a contingent right to receive one share of Common Stock. These RSUs will vest in full on March 11, 2027, provided he remains in continuous service through that date. Following this grant, his reported direct holdings total 12,595 shares-equivalent.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JOHNSON TIMOTHY A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,595 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,595 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 12,595 units
Grant price per share: $0.0000
Holdings after transaction: 12,595 shares-equivalent
+1 more
4 metrics
RSUs granted
12,595 units
Restricted stock unit award to director
Grant price per share
$0.0000
Reported transaction price per share for RSUs
Holdings after transaction
12,595 shares-equivalent
Total reported direct holdings following RSU grant
RSU vesting date
March 11, 2027
Date when RSUs vest in full if service continues
Key Terms
restricted stock units ("RSU"), contingent right, continuous service
3 terms
restricted stock units ("RSU") financial
"Consists of restricted stock units ("RSU"), which represent a contingent right to receive one share"
contingent right financial
"which represent a contingent right to receive one share of Common Stock for each RSU"
continuous service financial
"and will vest in full on March 11, 2027, provided the Reporting Person remains in continuous service"
FAQ
What insider transaction did Driven Brands (DRVN) report for Timothy A. Johnson?
Driven Brands reported an equity grant to director Timothy A. Johnson of 12,595 restricted stock units. Each RSU represents a contingent right to one share of Common Stock, subject to future vesting conditions.
How many restricted stock units were granted to the Driven Brands (DRVN) director?
The director received 12,595 restricted stock units. Each RSU corresponds to one potential share of Driven Brands Common Stock if vesting conditions are met on the specified vesting date.
When do Timothy A. Johnson’s RSUs at Driven Brands (DRVN) vest?
The RSUs vest in full on March 11, 2027. Vesting is contingent on Timothy A. Johnson remaining in continuous service with Driven Brands through that vesting date, according to the disclosure.
What are the key conditions attached to the Driven Brands (DRVN) RSU grant?
The RSUs represent a contingent right to receive one share of Common Stock per unit. They will vest only if the reporting person remains in continuous service with Driven Brands through March 11, 2027.
What is Timothy A. Johnson’s reported Driven Brands (DRVN) holding after this transaction?
After the RSU grant, the total number of shares reported as directly owned is 12,595. This reflects the full size of the restricted stock unit award disclosed in the transaction.