Driven Brands director granted 12,595 RSUs
SWINBURN PETER S reported acquisition or exercise transactions in this Form 4 filing.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,595 | $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 full on March 11, 2027, provided the Reporting Person remains in continuous service on such vesting date.
Key Figures
Key Terms
restricted stock units financial
RSU financial
continuous service financial
vesting date financial
FAQ
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What insider transaction did Driven Brands (DRVN) report for Peter S. Swinburn?
When do Peter S. Swinburn’s new Driven Brands (DRVN) RSUs vest?
What are restricted stock units (RSUs) in the Driven Brands (DRVN) filing?
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