Fitzpatrick Jonathan G. 4
Research Summary
AI-generated summary
Driven Brands (DRVN) Director Jonathan Fitzpatrick Receives RSU Award
What Happened Jonathan G. Fitzpatrick, a director of Driven Brands Holdings Inc. (DRVN), was granted 16,794 restricted stock units (RSUs) on 2026-06-29. The Form 4 reports an acquisition at $0.00 per unit (total reported cash value $0), reflecting an equity award rather than a market purchase.
Key Details
- Transaction date: 2026-06-29; Form filed: 2026-07-01 (timely filing).
- Grant: 16,794 RSUs recorded at $0.00 per unit (transaction code A = Award/Grant).
- Vesting: RSUs vest in full on March 11, 2027, contingent on continuous service (see footnote F1).
- Shares owned after transaction: not specified in the provided filing summary.
- No 10b5-1 plan, tax-withholding sale, or late-filing indication in the provided data.
Context RSUs are a promise to deliver shares in the future if vesting conditions are met; they do not require the insider to pay cash at grant. Because this is an award (not an open-market purchase or sale), it is a compensation event rather than a direct signal of buying or selling activity.