Form 4: Driven Brands Holdings Inc. Executive Vice President, Chief Operating Officer Daniel R. Rivera Reports Tax Obligation Transaction
SEC Form 4
Daniel R. Rivera, EVP and COO of Driven Brands Holdings Inc., reports a transaction involving the withholding of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 22, 2024, Daniel R. Rivera, the EVP and Chief Operating Officer of Driven Brands Holdings Inc., had 898 shares of common stock disposed of to cover tax obligations.
- The shares were withheld by the issuer at a price of $15.31 per share.
- Following the transaction, Rivera directly owns 546,360 shares of Driven Brands Holdings Inc. common stock.
- The transaction was related to the vesting of restricted stock units granted on March 22, 2022.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to tax obligations and equity compensation.
Industry Context
This is a routine Form 4 filing, reflecting standard practice for executives to cover tax obligations related to vesting equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Date of grant for the restricted stock units. |
| 03/22/2024 | Date of the transaction involving the withholding of shares for tax obligations. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
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