Driven Brands Holdings Inc.·4

Mar 17, 9:26 PM ET

Diamond Michael Fisher 4

Research Summary

AI-generated summary

Updated

Driven Brands (DRVN) CFO Michael Fisher Sells Shares for Tax Withholding

What Happened Michael Fisher, Chief Financial Officer of Driven Brands Holdings Inc. (DRVN), had 4,048 shares disposed on March 13, 2026 at $10.34 per share, a total of $41,856. This was not an open-market sale but an automatic withholding of shares to satisfy tax obligations upon the vesting of restricted stock units (RSUs).

Key Details

  • Transaction date and price: 2026-03-13 — 4,048 shares at $10.34 each; total value $41,856.
  • Transaction code: F — shares withheld to satisfy tax withholding obligations.
  • Footnote: F1 states this withholding was automatic and authorized under the restricted stock award agreement for RSUs granted March 13, 2025.
  • Shares owned after transaction: Not disclosed in the provided filing.
  • Filing timeliness: Report filed 2026-03-17 for a 2026-03-13 transaction (filed within the Form 4 reporting window).

Context This was a routine tax-withholding disposition tied to RSU vesting, not a voluntary market sale that would indicate a change in the insider’s view of the company. For retail investors, tax withholding transactions are common and typically reflect compensation mechanics rather than trading sentiment.