Director awarded 12,595 RSUs vesting 2027 at Driven Brands (DRVN)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tomas Jose D. reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. director Tomas Jose D. received a grant of 12,595 restricted stock units, a form of stock-based compensation with no cash paid per share. These RSUs each represent one share of common stock and will vest in full on March 11, 2027, if he remains in continuous service through that date. Following this award, he directly holds 40,073 shares, including the unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tomas Jose D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,595 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 40,073 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 12,595 RSUs
Grant price: $0.00 per share
Post-grant holdings: 40,073 shares
+1 more
4 metrics
RSU grant size
12,595 RSUs
Award of restricted stock units to director
Grant price
$0.00 per share
Compensation grant, not market purchase
Post-grant holdings
40,073 shares
Total direct holdings after RSU award
Vesting date
March 11, 2027
RSUs vest in full on this date
Key Terms
restricted stock units ("RSU"), contingent right, continuous service
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"
continuous service financial
"and will vest in full on March 11, 2027, provided the Reporting Person remains in continuous service"
FAQ
What did Driven Brands (DRVN) director Tomas Jose D. report in this Form 4?
He reported receiving 12,595 restricted stock units as equity compensation. Each RSU represents a right to receive one share of Driven Brands common stock, subject to vesting conditions based on continued board service.
How many Driven Brands (DRVN) RSUs were granted to the director and at what price?
The director was granted 12,595 restricted stock units at an effective price of $0.00 per unit. This reflects a compensation award, not a market purchase, and is structured to align director interests with shareholders over time.
When do the newly granted Driven Brands (DRVN) RSUs vest?
The 12,595 restricted stock units vest in full on March 11, 2027. Vesting requires the director to remain in continuous service through that date, encouraging longer-term alignment with Driven Brands’ corporate performance and governance goals.
Is this Driven Brands (DRVN) Form 4 transaction a stock purchase or sale?
It is neither a purchase nor a sale in the open market. The filing shows an equity grant classified as a restricted stock unit award, provided as compensation rather than a discretionary buy or sell transaction for cash.