Khalid Muhammad 4

What Happened
Khalid Muhammad, Chief Operating Officer of Driven Brands Holdings, was awarded 54,866 restricted stock units (RSUs) reported on a Form 4 with a transaction date of 2026-06-29. The RSUs were recorded as acquired at $0.00 (transaction code A — award/grant). The award represents a contingent right to receive one share of common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-06-29; Form 4 filed: 2026-07-01.
• Grant: 54,866 RSUs; acquisition price shown as $0.00 (standard for awards).
• Vesting: RSUs vest in three equal installments on March 11, 2027; March 11, 2028; and March 11, 2029, subject to continued service. (Per filing footnote.)
• Shares owned after the transaction: not specified in the provided filing details.
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding method, or late-filing flag disclosed in the provided information.

Context
RSU grants are a common form of executive compensation that convert to actual shares only if vesting conditions are met (here, continued employment through each vest date). Because this is a grant (not a purchase or sale), it reflects compensation rather than a direct insider bet on near-term stock performance; it does not by itself indicate buying or selling intent.