RSU grant lifts Driven Brands (DRVN) director Damien Harmon’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harmon Damien reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. director Damien Harmon reported an equity compensation grant in the form of restricted stock units. He was awarded 12,595 RSUs, each representing one share of Common Stock, for no cash consideration. These RSUs will vest in full on March 11, 2027, if he remains in continuous service through that date. Following this grant, Harmon’s direct holdings increased to 32,018 shares/units of Driven Brands common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harmon Damien
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,595 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,018 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 12,595 units
Post-grant holdings: 32,018 shares
Grant price per share: $0.00
+1 more
4 metrics
RSU grant size
12,595 units
Restricted stock units awarded to director on June 29, 2026
Post-grant holdings
32,018 shares
Total Driven Brands common stock directly held after transaction
Grant price per share
$0.00
Equity award granted with no cash price per share
RSU vesting date
March 11, 2027
Full vesting date if continuous service conditions are met
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"
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"
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"
vesting date financial
"remains in continuous service on such vesting date"
FAQ
What insider transaction did Damien Harmon report for Driven Brands (DRVN)?
Damien Harmon reported receiving an equity award of 12,595 restricted stock units in Driven Brands. The award is a compensation grant, not an open-market purchase, and increases his direct holdings to 32,018 shares of common stock.
What are the terms of Damien Harmon’s 12,595 RSU award at Driven Brands?
The 12,595 restricted stock units represent a right to receive one Driven Brands common share per unit. They vest in full on March 11, 2027, provided Harmon remains in continuous service with the company through that vesting date.
When will Damien Harmon’s new Driven Brands RSUs vest?
The newly granted 12,595 restricted stock units are scheduled to vest on March 11, 2027. Full vesting requires that Damien Harmon remain in continuous service with Driven Brands until that specified vesting date, according to the filing’s footnote.