Director Peter Swinburn receives 12,595 RSUs at Driven Brands (NASDAQ: DRVN)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SWINBURN PETER S reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. director Peter S. Swinburn received a grant of 12,595 shares of Common Stock in the form of restricted stock units. These RSUs were granted at no cash cost and increase his direct holdings to 249,961 shares after the award.
The footnote explains that each RSU represents a contingent right to receive one share of Common Stock. The entire grant will vest on March 11, 2027, provided he remains in continuous service through that vesting date, making this a standard, time-based equity compensation award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SWINBURN PETER S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,595 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 249,961 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 12,595 shares
Post-grant holdings: 249,961 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
12,595 shares
Restricted stock units awarded to director
Post-grant holdings
249,961 shares
Common Stock held directly after award
Grant price
$0.00 per share
Equity compensation, not market purchase
RSU vesting date
March 11, 2027
Full vesting contingent on continuous service
Key Terms
restricted stock units, RSU, continuous service, vesting date
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
"will vest in full on March 11, 2027, provided the Reporting Person remains in continuous service on such vesting date"
vesting date financial
"will vest in full on March 11, 2027, provided the Reporting Person remains in continuous service on such vesting date"
FAQ
What insider transaction did Driven Brands (DRVN) report for Peter S. Swinburn?
Driven Brands reported that director Peter S. Swinburn received a grant of 12,595 restricted stock units. Each RSU represents a contingent right to one share of Common Stock, awarded as equity compensation rather than a market purchase.
When do Peter S. Swinburn’s new Driven Brands (DRVN) RSUs vest?
The 12,595 restricted stock units granted to Peter S. Swinburn vest in full on March 11, 2027. Vesting requires that he remain in continuous service with Driven Brands through that date before the RSUs convert into common shares.
What are restricted stock units (RSUs) in the Driven Brands (DRVN) filing?
In this filing, restricted stock units are equity awards that give a contingent right to receive one Driven Brands Common Stock share per unit. They vest on March 11, 2027, only if Peter S. Swinburn remains in continuous service until that date.