O'Melia Scott L. 4
4 · Driven Brands Holdings Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Driven Brands (DRVN) CLO Scott L. O'Melia Sells Shares for Taxes
What Happened
Scott L. O'Melia, Chief Legal Officer of Driven Brands (DRVN), had a total of 5,455 shares disposed via issuer tax withholding related to vested restricted stock units. On 2026-02-27, 4,072 shares were withheld at $11.00 per share ($44,792); on 2026-02-28, 1,383 shares were withheld at $11.00 per share ($15,213). These dispositions (code F) are routine tax-withholding actions tied to RSU vesting rather than open-market sales.
Key Details
- Transaction dates and prices: 2026-02-27 — 4,072 shares @ $11.00; 2026-02-28 — 1,383 shares @ $11.00. Total proceeds withheld ≈ $60,005.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — withholding to satisfy tax on RSUs granted 02/27/2024; F2 — withholding to satisfy tax on RSUs granted 02/28/2023. Both actions authorized in the applicable award agreements.
- Filing timeliness: Form 4 filed 2026-03-03; no late filing flag indicated in the provided data.
Context
These transactions were automatic tax withholdings (not discretionary open-market sales) and are common when restricted stock units vest. Such withholdings are primarily administrative and generally do not convey the insider’s market sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-27$11.00/sh−4,072$44,792→ 322,872 total - Tax Payment
Common Stock
[F2]2026-02-28$11.00/sh−1,383$15,213→ 321,489 total
Footnotes (2)
- [F1]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 27, 2024. This is authorized in the applicable restricted stock award agreement.
- [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.