Form 4: Driven Brands Executive Scott O'Melia Reports Stock Transaction
SEC Form 4 Filing
EVP, General Counsel of Driven Brands Holdings Inc., Scott O'Melia, reports disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 22, 2024, Scott O'Melia, EVP, General Counsel of Driven Brands Holdings Inc., reported a transaction involving common stock.
- The transaction involved the disposition of 1,171 shares at a price of $15.31.
- This disposition was due to 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.
- Following the reported transaction, O'Melia beneficially owns 126,508 shares of Driven Brands Holdings Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard reporting of stock transactions related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Date of grant for the restricted stock units. |
| 03/22/2024 | Date of the stock transaction (disposition of shares). |
| 03/26/2024 | Date of signature for the Form 4 filing. |
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