Driven Brands (DRVN) COO receives 54,866 RSUs vesting from 2027 to 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Khalid Muhammad reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. reported that EVP and Chief Operating Officer Khalid Muhammad received a grant of 54,866 shares of Common Stock in the form of restricted stock units as equity compensation. These RSUs carry no purchase price and increase his direct holdings to 199,220 shares.
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. This is a compensation-related, non-market transaction rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Khalid Muhammad
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 54,866 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 199,220 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 54,866 shares
Total shares after grant: 199,220 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
54,866 shares
Restricted stock units granted on June 29, 2026
Total shares after grant
199,220 shares
Direct holdings following the reported transaction
Grant price per share
$0.00 per share
Equity award with no purchase cost to the executive
Vesting schedule
3 equal installments
Vests on March 11, 2027, 2028, and 2029
Key Terms
restricted stock units, RSU, continuous service, vesting
4 terms
restricted stock units financial
"Consists of restricted stock units ("RSU"), which represent a contingent right to receive one share of Common Stock"
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 to receive one share"
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.
continuous service financial
"will vest in three equal installments ... provided the Reporting Person remains in continuous service on each vesting date"
vesting financial
"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 Khalid Muhammad?
Driven Brands reported that EVP and COO Khalid Muhammad received 54,866 restricted stock units. These units represent a stock-based compensation award rather than an open-market purchase and increase his direct holdings to 199,220 shares of the company’s Common Stock after the grant.
Is the Driven Brands (DRVN) Khalid Muhammad Form 4 a stock grant or a stock sale?
The Form 4 shows a stock grant, not a sale. Khalid Muhammad acquired 54,866 restricted stock units at no cost as part of his compensation, with no open-market buying or selling reported in this specific insider transaction filing.
When do Khalid Muhammad’s 54,866 RSUs at Driven Brands (DRVN) vest?
The 54,866 restricted stock units vest in three equal installments. The units are scheduled to vest on March 11, 2027, March 11, 2028, and March 11, 2029, provided Khalid Muhammad continues in service through each applicable vesting date.
What are restricted stock units (RSUs) in the Driven Brands (DRVN) filing?
Restricted stock units in this filing are a promise to deliver one share of Driven Brands Common Stock per unit. They are subject to vesting conditions, meaning Khalid Muhammad receives actual shares only as the RSUs vest over the 2027 to 2029 period.