Robert P. Verostek - Jan 3, 2023 Form 4 Insider Report for DENNY'S Corp (DENN)

Role
EVP, Chief Financial Officer
Signature
/s/ Jasmine E. Taylor, Attorney-in-Fact
Stock symbol
DENN
Transactions as of
Jan 3, 2023
Transactions value $
-$51,951
Form type
4
Date filed
1/5/2023, 06:29 PM
Previous filing
Nov 23, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DENN Common Stock Options Exercise $0 +4.4K +15.41% $0.00 32.9K Jan 3, 2023 Direct
transaction DENN Common Stock Tax liability -$21.2K -2.23K -6.77% $9.52 30.7K Jan 3, 2023 Direct
transaction DENN Common Stock Options Exercise $0 +6.34K +20.65% $0.00 37K Jan 3, 2023 Direct
transaction DENN Common Stock Tax liability -$30.7K -3.23K -8.71% $9.52 33.8K Jan 3, 2023 Direct F1
holding DENN Common Stock 14K Jan 3, 2023 By Wife

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 +4.4K $0.00 4.4K Jan 3, 2023 Common Stock 4.4K Direct F2
transaction DENN Restricted Stock Units Options Exercise $0 +6.34K +99.97% $0.00 12.7K Jan 3, 2023 Common Stock 6.34K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not included in Column 5 are 39,409 fully vested performance shares and restricted stock units that have been previously deferred under the Denny's, Inc. Deferred Compensation Plan and that will be payable by issuance of shares on the applicable deferred payment date under the Deferred Compensation Plan.
F2 Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2017 Omnibus Incentive Plan, for the second 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.
F3 Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2021 Omnibus Incentive Plan, for the first of (3) equal installments that vests on the last day of the Company's 2022, 2023 and 2024 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.