Driven Brands (DRVN) CEO awarded 122,137 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Rivera Daniel R.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 122,137 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 727,242 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 122,137 shares
Grant price per share: $0.0000 per share
Total holdings after grant: 727,242 shares
+3 more
6 metrics
RSU grant size
122,137 shares
Restricted stock units granted to CEO on June 29, 2026
Grant price per share
$0.0000 per share
Equity compensation award, not a market purchase
Total holdings after grant
727,242 shares
CEO direct ownership following the RSU award
First vesting date
March 11, 2027
First of three equal RSU vesting installments
Second vesting date
March 11, 2028
Second of three equal RSU vesting installments
Final vesting date
March 11, 2029
Final RSU vesting installment, contingent on service
Key Terms
restricted stock units ("RSU"), contingent right, vesting
3 terms
restricted stock units ("RSU") financial
"Consists of restricted stock units ("RSU"), which represent a contingent right to receive one share of Common Stock"
contingent right financial
"which represent a contingent right to receive one share of Common Stock for each RSU"
vesting financial
"and will vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Driven Brands (DRVN) report for Daniel R. Rivera?
Driven Brands reported that CEO Daniel R. Rivera received a grant of 122,137 restricted stock units. These units are a form of equity compensation and each represents a right to receive one share of Common Stock if vesting conditions are met.
What are the vesting terms of Daniel R. Rivera’s new Driven Brands (DRVN) RSU award?
The restricted stock units vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029. Vesting requires that Daniel R. Rivera remain in continuous service with the company on each of those vesting dates.
Is the Driven Brands (DRVN) Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not a market purchase. The transaction is coded as an acquisition through grant or award of restricted stock units, which convert into shares of Common Stock only as they vest over time.