Daniel R. Rivera - Feb 27, 2024 Form 4 Insider Report for Driven Brands Holdings Inc. (DRVN)

Role
Chief Operating Officer
Signature
/s/ Scott O'Melia, Attorney in Fact
Stock symbol
DRVN
Transactions as of
Feb 27, 2024
Transactions value $
-$22,496
Form type
4
Date filed
2/29/2024, 09:15 PM
Previous filing
Nov 1, 2023
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRVN Common Stock Award $0 +35.1K +6.83% $0.00 549K Feb 27, 2024 Direct F1
transaction DRVN Common Stock Tax liability -$22.5K -1.66K -0.3% $13.56 547K Feb 28, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 three equal installments on February 27, 2025, February 27, 2026, and February 27, 2027, provided the Reporting Person remains in continuous service on each vesting date.
F2 Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock units granted on February 28, 2023. This is authorized in the applicable restricted stock award agreement.