Form 4: Driven Brands Director Harmon Acquires and Disposes of Shares
SEC Form 4 Filing
Director Damien Harmon reports acquiring and disposing of Driven Brands Holdings Inc. common stock and restricted stock units.
Summary
- On March 13, 2025, Damien Harmon, a director of Driven Brands Holdings Inc., engaged in transactions involving the company's stock.
- Harmon acquired 8,809 shares of common stock at $0, and disposed of 19,423 shares.
- Following these transactions, Harmon beneficially owns 19,423 shares of common stock.
- Harmon also holds restricted stock units (RSUs) representing a contingent right to receive one share of common stock for each RSU, which will vest on March 13, 2026, contingent upon continuous service.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Future Outlook
The vesting of the RSUs on March 13, 2026, is contingent upon the reporting person's continuous service.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of stock acquisition and disposal transactions. |
| 03/13/2026 | Vesting date for restricted stock units (RSUs). |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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