Michael L. Furlow - 12 Jan 2022 Form 4 Insider Report for DENNY'S Corp (DENN)

Role
EVP, Chief Information Officer
Signature
/s/ Jasmine Taylor, Attorney-in-Fact
Issuer symbol
DENN
Transactions as of
12 Jan 2022
Net transactions value
-$95,130
Form type
4
Filing time
14 Jan 2022, 17:51:36 UTC
Next filing
04 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DENN Common Stock Award $0 +16,744 +60% $0.000000 44,595 12 Jan 2022 Direct F1
transaction DENN Common Stock Tax liability $81,297 -5,113 -11% $15.90 39,482 12 Jan 2022 Direct
transaction DENN Common Stock Options Exercise $0 +2,934 +7.4% $0.000000 42,416 12 Jan 2022 Direct
transaction DENN Common Stock Tax liability $13,833 -870 -2.1% $15.90 41,546 12 Jan 2022 Direct

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 DENN Restricted Stock Units Options Exercise $0 -2,934 -33% $0.000000 5,870 12 Jan 2022 Common Stock 2,934 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the payout of performance shares earned under the Denny's 2019 Long-Term Incentive Program.
F2 Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2017 Omnibus Incentive Plan, for the first of (3) equal installments that vests on the last day of the Company's 2021, 2022 and 2023 fiscal years and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date, subject to continued employment with the Issuer through such date, unless vesting is accelerated due to retirement, death, disability or change of control.

Remarks:

EXHIBIT LIST: EX-24 Confirming Statement