Driven Brands (DRVN) awards SVP 12,213 time-vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Driven Brands Holdings Inc. reported that SVP & Chief Accounting Officer Rebecca Fondell acquired 12,213 shares of Common Stock through a grant of restricted stock units as executive compensation. These units were granted at no cash cost and increase her direct holdings to 38,417 shares.
The RSUs 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 she remains in continuous service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fondell Rebecca
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,213 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 38,417 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 12,213 units
Grant price: $0.00 per share
Holdings after grant: 38,417 shares
+1 more
4 metrics
RSUs granted
12,213 units
Restricted stock unit award to SVP & Chief Accounting Officer
Grant price
$0.00 per share
Equity compensation, no cash paid for RSU grant
Holdings after grant
38,417 shares
Total direct holdings following RSU award
Vesting dates
March 11, 2027/2028/2029
Three equal RSU vesting installments contingent on service
Key Terms
restricted stock units, RSU, vest, contingent right
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.
vest financial
"and will vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"which represent a contingent right to receive one share of Common Stock for each RSU"
FAQ
What insider transaction did Driven Brands (DRVN) report for Rebecca Fondell?
Driven Brands reported an equity grant to Rebecca Fondell. She received 12,213 restricted stock units representing future shares of Common Stock as part of her executive compensation, rather than buying shares in the open market. The award increases her direct holdings to 38,417 shares.
How many restricted stock units did DRVN grant to its SVP & Chief Accounting Officer?
Rebecca Fondell received 12,213 restricted stock units from Driven Brands. Each unit represents a contingent right to one share of Common Stock, granted at no cash cost, and subject to future vesting conditions tied to her continued service with the company.
What is the vesting schedule for Rebecca Fondell’s DRVN restricted stock units?
The 12,213 restricted stock units vest in three equal installments. They are scheduled to vest on March 11, 2027, March 11, 2028, and March 11, 2029, provided Rebecca Fondell remains in continuous service with Driven Brands on each respective vesting date.
What are Rebecca Fondell’s total DRVN holdings after this Form 4 transaction?
After the grant, Rebecca Fondell directly holds 38,417 shares of Driven Brands Common Stock. This figure includes the newly awarded restricted stock units, which will convert into shares over time as they vest according to the disclosed schedule.