Tax withholding trims Driven Brands (DRVN) CFO share position
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Driven Brands Holdings Inc. executive vice president and chief financial officer Diamond Michael Fisher reported a tax-related share withholding. On March 13, 2026, the issuer automatically withheld 4,048 shares of common stock at $10.34 per share to cover taxes on vesting restricted stock units granted on March 13, 2025. After this withholding, Fisher directly holds 163,165 shares of Driven Brands common stock. This transaction reflects a compensation-related tax payment mechanism rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Diamond Michael Fisher
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,048 | $10.34 | $42K |
Holdings After Transaction:
Common Stock — 163,165 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Driven Brands (DRVN) report for its CFO?
Driven Brands reported an automatic tax-related share withholding for CFO Diamond Michael Fisher. On March 13, 2026, 4,048 common shares were withheld to satisfy tax obligations tied to vesting restricted stock units originally granted on March 13, 2025.
What does transaction code F mean in the Driven Brands Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, Driven Brands withheld 4,048 common shares from CFO Diamond Michael Fisher to satisfy tax obligations related to the vesting of restricted stock units.