Chief Legal Officer Scott L. O'Melia of Driven Brands Holdings Inc. filed a Form 4 on August 24, 2026, reporting the automatic withholding of 28,892 shares of common stock on August 21, 2026, to cover taxes owed upon the vesting of restricted stock units.

Key Highlights

  • Reporting person: Scott L. O'Melia, Chief Legal Officer of Driven Brands Holdings Inc. (NASDAQ:DRVN)
  • Transaction date: August 21, 2026
  • Shares disposed: 28,892 shares of common stock withheld at $13.17 per share
  • Purpose: Automatic withholding to satisfy tax obligations associated with the vesting of restricted stock units granted on August 23, 2024
  • Beneficial ownership after transaction: 346,523 shares of common stock held directly
  • Transaction code: F (tax withholding by issuer), as reported in the filing

Driven Brands CLO Reports Mandatory Tax Withholding on RSU Vesting

According to the Form 4 filed with the SEC on August 24, 2026, Scott L. O'Melia, serving as Chief Legal Officer of Driven Brands Holdings Inc. (NASDAQ:DRVN), reported a single disposition of common stock on August 21, 2026. The transaction involved 28,892 shares disposed of at a price of $13.17 per share under transaction code F, which the filing identifies as an automatic withholding by the issuer.

The filing's footnote states that the shares represent "the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock units granted on August 23, 2024," and that the withholding "is authorized in the applicable restricted stock award agreement." No open-market sale was reported. Following the transaction, O'Melia directly held 346,523 shares of Driven Brands common stock, according to the filing.

No derivative securities transactions were reported in Table II of the filing. The Form 4 was filed by one reporting person and was signed by Scott O'Melia as Attorney-in-Fact on August 24, 2026.

What Was Disclosed

The filing disclosed a tax-withholding disposition of 28,892 common shares at $13.17 each by Driven Brands' Chief Legal Officer upon the vesting of restricted stock units originally granted on August 23, 2024, leaving the officer with 346,523 directly held shares.