Form 4: Driven Brands Director Acquires and Disposes of Shares in Recent Transaction

Jose D. Tomas, a director of Driven Brands Holdings Inc., recently acquired and disposed of common stock and restricted stock units.

Summary

• On March 13, 2025, Jose D. Tomas, a director of Driven Brands Holdings Inc., engaged in transactions involving the company's common stock.
• Tomas acquired 8,809 shares of common stock.
• Tomas also disposed of 27,478 shares of common stock.
• The acquisition was related to restricted stock units (RSUs) that will vest on March 13, 2026, contingent upon continued service.
• The reporting person's attorney in fact, Scott O'Melia, signed the form on March 17, 2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment.

Future Outlook

The restricted stock units will vest on March 13, 2026, provided the reporting person remains in continuous service.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. It provides transparency into insider transactions.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company directors as it can provide insights into their perspective on the company's value and future prospects.

Key Dates