O'Melia Scott L. 4
4 · Driven Brands Holdings Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
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).
Insider Transaction Report
Form 4
O'Melia Scott L.
Chief Legal Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-13$10.34/sh−3,326$34,391→ 318,163 total
Footnotes (1)
- [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 March 13, 2025. This is authorized in the applicable restricted stock award agreement.
Signature
/s/ Scott O'Melia, Attorney-In-Fact|2026-03-17