Rivera Daniel R. 4
4 · Driven Brands Holdings Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Driven Brands (DRVN) CEO Daniel R. Rivera Sells Shares for Tax Withholding
What Happened Daniel R. Rivera, CEO of Driven Brands (DRVN), had a total of 5,855 shares withheld by the issuer to satisfy tax obligations tied to vested restricted stock units (RSUs). The withholding is reported as dispositions: 4,045 shares at $11.00 each on 2026-02-27 ($44,495) and 1,810 shares at $11.00 each on 2026-02-28 ($19,910), for a combined value of $64,405. These were automatic tax-withholding transactions rather than open-market sales.
Key Details
- Transaction dates and prices: 2026-02-27 — 4,045 shares @ $11.00; 2026-02-28 — 1,810 shares @ $11.00.
- Total shares withheld/disposed: 5,855; total value ≈ $64,405.
- Shares owned after transaction: Not specified in the information provided.
- Footnotes: F1 — withholding to cover taxes from RSUs granted 02/27/2024; F2 — withholding to cover taxes from RSUs granted 02/28/2023. Both withholdings are authorized by the applicable restricted stock award agreements.
- Filing: Report filed 2026-03-03 covering transactions on 2026-02-27 and 2026-02-28 (no late filing flag indicated in the provided data).
Context
- Code F transactions denote tax withholding tied to awards (common, routine) rather than discretionary insider selling. This is effectively a cashless settlement of tax obligations when RSUs vest and does not necessarily indicate the insider’s view of the company’s shares.
Insider Transaction Report
Form 4
Rivera Daniel R.
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-02-27$11.00/sh−4,045$44,495→ 614,646 total - Tax Payment
Common Stock
[F2]2026-02-28$11.00/sh−1,810$19,910→ 612,836 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.
Signature
/s/ Scott O'Melia, Attorney-In-Fact|2026-03-03