Marshall Kyle L. 4
4 · Driven Brands Holdings Inc. · Filed Mar 24, 2022
Insider Transaction Report
Form 4
Marshall Kyle L.
President, Platform Services
Transactions
- Award
Common Stock
2022-03-22+6,142→ 120,400 total - Award
Performance-based restricted stock units
2022-03-22+4,920→ 4,920 total→ Common Stock (4,920 underlying)
Footnotes (2)
- [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.
- [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.