Driven Brands (DRVN) CLO Scott L. O'Melia Withholds 3,326 Shares

What Happened Scott L. O'Melia, Chief Legal Officer of Driven Brands Holdings, had 3,326 shares disposed (withheld) on March 13, 2026 at $10.34 per share, totaling $34,391. This was a tax withholding (transaction code F) to satisfy the reporting person's tax obligation tied to restricted stock units that vested.

Key Details

• Transaction date: 2026-03-13; filing date: 2026-03-17 (filed one business day after the typical 2-business-day Form 4 deadline).
• Shares withheld/disposed: 3,326 at $10.34 each; total value $34,391.
• Transaction code: F — tax withholding to cover taxes on vested RSUs.
• Footnote: Withholding authorized under the restricted stock award agreement for RSUs granted March 13, 2025.
• Shares owned after the transaction: Not disclosed in this filing.

Context

• This was an internal withholding to cover tax liabilities from RSU vesting, not an open-market sale; such withholdings are routine and generally do not signal a change in insider sentiment.
• For clarity: F-code/withholding transactions reduce reported shares outstanding for the insider but are administrative in nature, unlike voluntary sales (S) or purchases (P).