Michael Beland - 06 Mar 2024 Form 4 Insider Report for Driven Brands Holdings Inc. (DRVN)

Role
SVP & Chief Accounting Officer
Signature
/s/ Scott O'Melia, Attorney in Fact
Issuer symbol
DRVN
Transactions as of
06 Mar 2024
Net transactions value
+$12,556
Form type
4
Filing time
26 Mar 2024, 18:10:25 UTC
Previous filing
29 Feb 2024
Next filing
16 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRVN Common Stock Award $24,656 +1,729 +17% $14.26 11,626 06 Mar 2024 Direct F1, F2
transaction DRVN Common Stock Tax liability $8,456 -593 -5.1% $14.26 11,033 06 Mar 2024 Direct F1, F3
transaction DRVN Common Stock Tax liability $3,644 -238 -2.2% $15.31 10,795 22 Mar 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Inadvertently filed late due to an administrative error. This Form reflects the reporting person's holdings as of the date of this filing.
F2 Represents shares of common stock of the issuer received upon the vesting and settlement of performance stock units ("PSUs") granted on July 13, 2021 under the Driven Brands Holdings Inc. 2021 Omnibus Incentive Plan.
F3 Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of PSUs granted on July 13, 2021. This is authorized in the applicable PSU award agreement.
F4 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 March 22, 2022. This is authorized in the applicable restricted stock unit award agreement.