Driven Brands director granted 16,794 RSUs
Fitzpatrick Jonathan G. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Fitzpatrick Jonathan G. reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. director Jonathan G. Fitzpatrick received an equity award of 16,794 shares of Common Stock in the form of restricted stock units at no cash cost. These RSUs will vest in full on March 11, 2027, if he remains in continuous service through that date.
After this grant, Fitzpatrick directly holds a total of 2,280,730 shares of Driven Brands Common Stock, including the newly awarded RSUs.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant to director, modest versus existing holdings.
Director Jonathan G. Fitzpatrick was granted 16,794 restricted stock units of Driven Brands Holdings Inc. Common Stock at no purchase price. This is a standard equity compensation award designed to align director incentives with long-term shareholder value.
The RSUs vest in full on March 11, 2027, contingent on continued service, which encourages retention. Following the award, Fitzpatrick holds 2,280,730 shares directly, so the grant is relatively small compared with his existing stake and appears routine rather than thesis-changing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,794 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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 full on March 11, 2027, provided the Reporting Person remains in continuous service on such vesting date.
Key Figures
Key Terms
restricted stock units financial
RSU financial
continuous service financial
Grant, award, or other acquisition regulatory
FAQ
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What did Jonathan G. Fitzpatrick receive in this Driven Brands (DRVN) Form 4 filing?
When do the new Driven Brands (DRVN) RSUs granted to Jonathan G. Fitzpatrick vest?
What conditions apply to the Driven Brands (DRVN) RSU award reported for Jonathan G. Fitzpatrick?
AI-generated analysis. How Rhea-AI works. Not financial advice.