Karen Stroup granted 12,595 RSUs at Driven Brands (NASDAQ: DRVN)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stroup Karen B. reported acquisition or exercise transactions in this Form 4 filing.
Driven Brands Holdings Inc. director Karen B. Stroup received an equity grant of 12,595 restricted stock units, each representing one share of Common Stock. These RSUs vest in full on March 11, 2027, subject to her continuous service, bringing her reported direct holdings to 44,937 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stroup Karen B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,595 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 44,937 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 12,595 units
Grant price: $0.0000 per share
Holdings after grant: 44,937 shares
+1 more
4 metrics
RSU grant size
12,595 units
Restricted stock units granted to Karen B. Stroup
Grant price
$0.0000 per share
Stated transaction price for RSU award
Holdings after grant
44,937 shares
Total direct Common Stock holdings following transaction
Vesting date
March 11, 2027
RSUs vest in full if continuous service is maintained
Key Terms
restricted stock units ("RSU"), contingent right, vest in full, continuous service, +1 more
5 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"
vest in full financial
"and will vest in full on March 11, 2027, provided the Reporting Person remains in continuous service"
continuous service financial
"provided the Reporting Person remains in continuous service on such vesting date"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Driven Brands (DRVN) director Karen B. Stroup report on this Form 4?
Karen B. Stroup reported receiving 12,595 restricted stock units, each equal to one share of Driven Brands Common Stock. The award was granted at no cash cost and is reflected as a grant or other acquisition rather than an open-market purchase.
When do Karen B. Stroup’s new Driven Brands (DRVN) RSUs vest?
The 12,595 restricted stock units granted to Karen B. Stroup vest in full on March 11, 2027. Vesting requires that she remain in continuous service with Driven Brands through that date, according to the award’s stated conditions in the filing footnote.
Is Karen B. Stroup’s Form 4 transaction a market purchase of DRVN stock?
No, the filing shows a grant of restricted stock units, not an open-market purchase. The RSUs were acquired at a stated price of $0.0000 per share, reflecting a compensation-related equity award rather than a transaction executed on the public market.
What does the $0.0000 price on Karen B. Stroup’s DRVN Form 4 mean?
The $0.0000 transaction price indicates the RSU award did not require cash payment from Karen B. Stroup. Instead, it is an equity-based compensation grant that, when vested, delivers shares of Driven Brands Common Stock without an exercise price.