Form 4 for DRVN Driven Brands Holdings Inc.
Accepted 2022-03-24 00:00:00 ET · period of report 2022-03-22 · accession 0000950142-22-001132 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-24 | 2022-03-22 | DRVN | Rivera Daniel R. | EVP, Group Pres, Maint | A - Grant | $0.00 | +11.1K | 498.0K | +2% | $0 |
| D | 2022-03-24 | 2022-03-22 | DRVN | Rivera Daniel R. | EVP, Group Pres, Maint | A - Grant | $0.00 | +8,857 | 8,857 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-22 | A | A | 11,055 | $0.00 | 497,962 | D | — | — | (F1) Consists of restricted stock units ("RSU"), which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in three equal installments on March 22, 2023, March 22, 2024 and March 22, 2025, provided the Reporting Person remains in continuous service on each vesting date. |
| 2 | Derivative | Performance-based restricted stock units | 2022-03-22 | A | A | 8,857 | $0.00 | 8,857 | D | — · — to — | 8,857 Common Stock | (F2) Each performance-based restricted stock unit ("PSU") reflects the contingent right to receive a variable number of shares of capital stock based on achieving performance goals. These PSUs will vest on December 28, 2024, subject to the Company's achieving relative total shareholder returns for the period commencing on December 26, 2021 and ending on December 28, 2024, compared to a defined stock market index, provided the Reporting Person remains in continuous service on the vesting date. |