Form 4: Driven Brands Holdings Inc. Executive Acquires and Disposes of Shares Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Scott O'Melia, Chief Legal Officer of Driven Brands Holdings Inc., reports acquisition of shares through performance-based restricted stock units and subsequent disposal to cover tax obligations.
Summary
- On March 5, 2025, Scott O'Melia, Chief Legal Officer of Driven Brands Holdings Inc., acquired 9,116 shares of common stock upon settlement of performance-based restricted stock units granted on March 22, 2022.
- On the same day, O'Melia disposed of 3,016 shares of common stock at a price of $16.22 to satisfy tax obligations associated with the vesting of the restricted stock units.
- Following these transactions, O'Melia beneficially owns 348,399 shares of Driven Brands Holdings Inc.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, with no indication of significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Date of grant for performance-based restricted stock units. |
| 03/05/2025 | Date of transaction: Acquisition and disposal of shares. |
| 03/07/2025 | Date of signature for the Form 4 filing. |
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