John R. Teddy - Mar 22, 2022 Form 4 Insider Report for Driven Brands Holdings Inc. (DRVN)

Role: EVP & President, Car Wash N.A
Signature: /s/ Scott O'Melia, Attorney in Fact
Stock symbol: DRVN
Transactions as of: Mar 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/24/2022, 05:48 PM
Previous filing: Oct 28, 2021
Next filing: Mar 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	DRVN	Common Stock	Award	$0	+12.9 K		$0.00	12.9 K	Mar 22, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DRVN	Performance-based restricted stock units	Award	$0	+7.87 K		$0.00	7.87 K	Mar 22, 2022	Common Stock	7.87 K		Direct	F2
transaction	DRVN	Performance-based restricted stock units	Award	$0	+2.46 K		$0.00	2.46 K	Mar 22, 2022	Common Stock	2.46 K		Direct	F2

Explanation of Responses:

Id	Content
F1	Consists of restricted stock units ("RSU"), which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in three equal installments on March 22, 2023, March 22, 2024 and March 22, 2025, provided the Reporting Person remains in continuous service on each vesting date.
F2	Each performance-based restricted stock unit ("PSU") reflects the contingent right to receive a variable number of shares of capital stock based on achieving performance goals. These PSUs will vest on December 28, 2024, subject to the Company's achieving relative total shareholder returns for the period commencing on December 26, 2021 and ending on December 28, 2024, compared to a defined stock market index, provided the Reporting Person remains in continuous service on the vesting date.

Content

Consists of restricted stock units ("RSU"), which represent a contingent right to receive one share of Common Stock for each RSU, and will vest in three equal installments on March 22, 2023, March 22, 2024 and March 22, 2025, provided the Reporting Person remains in continuous service on each vesting date.

Each performance-based restricted stock unit ("PSU") reflects the contingent right to receive a variable number of shares of capital stock based on achieving performance goals. These PSUs will vest on December 28, 2024, subject to the Company's achieving relative total shareholder returns for the period commencing on December 26, 2021 and ending on December 28, 2024, compared to a defined stock market index, provided the Reporting Person remains in continuous service on the vesting date.