Tomas Jose D. 4
Research Summary
AI-generated summary
Driven Brands (DRVN) Director Tomas Jose D. Receives 12,595 RSU Award
What Happened
- Tomas Jose D., a director of Driven Brands Holdings Inc. (DRVN), received a grant of 12,595 restricted stock units (RSUs) on 2026-06-29. The award is recorded at $0.00 per unit (no cash paid) and is reported on a Form 4 filed 2026-07-01. RSUs represent a contingent right to receive one share of common stock per RSU upon vesting.
Key Details
- Transaction date: 2026-06-29; Form 4 filed: 2026-07-01.
- Transaction type/code: Award/Grant (A).
- Quantity: 12,595 RSUs granted; reported acquisition price: $0.00.
- Shares owned following transaction: not specified in the provided filing.
- Footnote: The RSUs will vest in full on March 11, 2027, provided the reporting person remains in continuous service through that date (see footnote F1).
- Filing timeliness: Form 4 was filed within the standard 2-business-day window (appears timely).
Context
- RSUs are a deferred equity award; they do not transfer actual shares until they vest. This grant is a compensation/retention award rather than an open-market purchase or sale and should be read as such. No immediate sale occurred and no cash was received at grant.