Driven Brands CEO receives restricted stock grant
Rivera Daniel R. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Rivera Daniel R. reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. reported that Chief Executive Officer Daniel R. Rivera received a grant of 122,137 shares of Common Stock in the form of restricted stock units as compensation. The award was granted at no cash cost per share and increases his direct holdings to 727,242 shares.
The restricted stock units each represent a right to receive one share of Common Stock and will vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029, if he remains in continuous service on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 122,137 | $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 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.
Key Figures
Key Terms
restricted stock units ("RSU") financial
contingent right financial
vesting financial
FAQ
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What insider transaction did Driven Brands (DRVN) report for Daniel R. Rivera?
What are the vesting terms of Daniel R. Rivera’s new Driven Brands (DRVN) RSU award?
Is the Driven Brands (DRVN) Form 4 transaction a stock purchase or a compensation grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.