Form 4: Driven Brands Holdings Inc. Executive O'Melia Reports Stock Transaction
SEC Form 4 Filing
Scott O'Melia, Chief Legal Officer of Driven Brands Holdings Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 22, 2025, Scott O'Melia, the Chief Legal Officer of Driven Brands Holdings Inc., had 1,157 shares of common stock withheld to cover tax obligations.
- The withholding occurred automatically as per the restricted stock award agreement related to restricted stock units granted on March 22, 2022.
- The price per share for the transaction was $17.41.
- Following the transaction, O'Melia directly owns 373,819 shares of Driven Brands Holdings Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Date of grant for the restricted stock units related to the tax withholding. |
| 03/22/2025 | Date of the stock transaction (tax withholding). |
| 03/25/2025 | Date of signature for the Form 4 filing. |
Keywords
Driven Brands Holdings Inc., Scott O'Melia, Chief Legal Officer, Form 4, Stock Transaction, Tax Withholding, Restricted Stock Units, DRVN
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