Driven Brands Holdings (DRVN) grants CLO 57,252 RSUs vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
O'Melia Scott L. reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. reported that Chief Legal Officer O'Melia Scott L. received a grant of 57,252 shares of Common Stock in the form of restricted stock units. These RSUs vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029, contingent on continued service. Following this award, the reporting person's direct holdings total 375,415 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Melia Scott L.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 57,252 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 375,415 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 57,252 units
Vesting dates: March 11, 2027, 2028, 2029
Post-transaction holdings: 375,415 shares
+1 more
4 metrics
RSUs granted
57,252 units
Award of restricted stock units on June 29, 2026
Vesting dates
March 11, 2027, 2028, 2029
Three equal annual installments, subject to continuous service
Post-transaction holdings
375,415 shares
Total direct common stock holdings after RSU award
Grant price
$0.0000 per share
Equity compensation award, not a market purchase
Key Terms
restricted stock units, RSU, vest, continuous service
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.
continuous service financial
"provided the Reporting Person remains in continuous service on each vesting date"
FAQ
What insider transaction did Driven Brands (DRVN) disclose for O'Melia Scott L.?
Driven Brands disclosed that Chief Legal Officer O'Melia Scott L. received a grant of 57,252 restricted stock units. These units represent compensation and are not an open-market stock purchase or sale, but will settle into common shares as they vest over time.
When do the newly granted RSUs at Driven Brands vest for the Chief Legal Officer?
The RSUs vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029. Vesting requires the reporting person to remain in continuous service with Driven Brands through each of these specific vesting dates.
Did the Driven Brands insider pay for the 57,252 RSUs reported in the Form 4?
No cash price was paid per share; the transaction price is reported as 0.0000. The RSUs are an equity-based compensation award, giving the executive a contingent right to receive Driven Brands common shares as the units vest over the specified schedule.