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Driven Brands Holdings Inc. — Director's Dealing 2024
Mar 1, 2024
31475_dirs_2024-02-29_d00b59c8-4309-4c51-8ab7-0acd84bc92bf.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Driven Brands Holdings Inc. (DRVN)
CIK: 0001804745
Period of Report: 2024-02-27
Reporting Person: Beland Michael (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-27 | Common Stock | A | 4026 | — | Acquired | 10172 | Direct |
| 2024-02-28 | Common Stock | F | 275 | $13.56 | Disposed | 9897 | Direct |
Footnotes
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 27, 2025, February 27, 2026, and February 27, 2027, provided the Reporting Person remains in continuous service on each vesting date.
F2: Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock units granted on February 28, 2023. This is authorized in the applicable restricted stock award agreement.