Driven Brands (DRVN) director Rick Puckett receives 12,595 RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PUCKETT RICK D reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. director Rick D. Puckett received a grant of 12,595 shares of Common Stock in the form of restricted stock units. These RSUs carry no purchase price and represent a contingent right to receive one share of Common Stock for each unit.
The award will vest in full on March 11, 2027, if Puckett remains in continuous service through that date. Following this grant, he holds a total of 182,077 shares of Driven Brands common stock directly, reflecting both existing holdings and the new award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PUCKETT RICK D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,595 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 182,077 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 12,595 shares
Transaction price: $0.00 per share
Post-transaction holdings: 182,077 shares
+1 more
4 metrics
RSU grant size
12,595 shares
Restricted stock units granted to director Rick D. Puckett
Transaction price
$0.00 per share
Grant/award acquisition of RSUs
Post-transaction holdings
182,077 shares
Total common stock directly held after RSU grant
Vesting date
March 11, 2027
RSUs vest in full if continuous service is maintained
Key Terms
restricted stock units, RSU, continuous service, Grant, award, or other acquisition
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 of Common Stock"
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
"and will vest in full on March 11, 2027, provided the Reporting Person remains in continuous service"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Driven Brands (DRVN) report for Rick D. Puckett?
Driven Brands reported that director Rick D. Puckett received 12,595 restricted stock units. Each RSU represents a contingent right to one share of common stock, increasing his total direct holdings to 182,077 shares after this compensation-related award.
When do Rick D. Puckett’s new Driven Brands (DRVN) RSUs vest?
The 12,595 restricted stock units granted to Rick D. Puckett vest in full on March 11, 2027. Vesting requires that he remain in continuous service with Driven Brands through that date for the RSUs to settle into common stock.
Was Rick D. Puckett’s Driven Brands (DRVN) RSU grant an open-market purchase?
No, the RSU grant was not an open-market purchase. It is a compensation-related award recorded with transaction code “A,” meaning a grant or other acquisition, with a transaction price of $0.00 per share, subject to future vesting conditions.