Fondell Rebecca 4

What Happened
Rebecca Fondell, SVP and Chief Accounting Officer of Driven Brands (DRVN), had 2,863 shares disposed (withheld) to satisfy tax withholding related to the vesting of restricted stock units. The withholding occurred on May 9, 2026 at an effective price of $13.41 per share, for a value of approximately $38,393. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: May 9, 2026 — 2,863 shares at $13.41 each (≈ $38,393).
• Transaction type: F (automatic withholding to cover tax obligation on vested RSUs).
• Footnote: Withholding authorized under the restricted stock award agreement for RSUs granted May 9, 2026.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing: Form 4 filed May 12, 2026; the report does not indicate an exception or late filing flag.

Context
Tax-withholding dispositions when RSUs vest are routine and do not necessarily indicate insider sentiment about the stock — they simply satisfy tax obligations by withholding or surrendering shares. The amount here (~$38k) is modest relative to typical executive holdings and reflects a standard cashless/tax-withholding settlement.