Driven Brands COO granted 54,866 RSUs
Khalid Muhammad reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 54,866 | $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 financial
RSU financial
continuous service financial
vesting financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Driven Brands (DRVN) report for Khalid Muhammad?
Is the Driven Brands (DRVN) Khalid Muhammad Form 4 a stock grant or a stock sale?
When do Khalid Muhammad’s 54,866 RSUs at Driven Brands (DRVN) vest?
What are restricted stock units (RSUs) in the Driven Brands (DRVN) filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.