Form 4 for DRVN Driven Brands Holdings Inc.
Accepted 2023-03-02 00:00:00 ET · period of report 2023-02-28 · accession 0001062993-23-005665 · 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 | 2023-03-02 | 2023-02-28 | DRVN | Beland Michael | SVP, CAO | A - Grant | $0.00 | +2,408 | 5,663 | +74% | $0 |
| D | 2023-03-02 | 2023-02-28 | DRVN | Beland Michael | SVP, CAO | A - Grant | $0.00 | +1,929 | 1,929 | 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 | 2023-02-28 | A | A | 2,408 | $0.00 | 5,663 | 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 February 28, 2024, February 28, 2025, and February 28, 2026, provided the Reporting Person remains in continuous service on each vesting date. |
| 2 | Derivative | Performance-based restricted stock units | 2023-02-28 | A | A | 1,929 | $0.00 | 1,929 | D | — · — to — | 1,929 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 January 1, 2023 and ending on December 27, 2025, compared to a defined stock market index, provided the Reporting Person remains in continuous service on the vesting date. |