Robert P. Verostek - 03 Jan 2023 Form 4 Insider Report for DENNY'S Corp (DENN)

Role: EVP, Chief Financial Officer
Signature: /s/ Jasmine E. Taylor, Attorney-in-Fact
Issuer symbol: DENN
Transactions as of: 03 Jan 2023
Net transactions value: -$51,951
Form type: 4
Filing time: 05 Jan 2023, 18:29:32 UTC
Previous filing: 23 Nov 2022
Next filing: 03 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DENN	Common Stock	Options Exercise	$0	+4,396	+15%	$0.000000	32,932	03 Jan 2023	Direct
transaction	DENN	Common Stock	Tax liability	$21,239	-2,231	-6.8%	$9.52	30,701	03 Jan 2023	Direct
transaction	DENN	Common Stock	Options Exercise	$0	+6,341	+21%	$0.000000	37,042	03 Jan 2023	Direct
transaction	DENN	Common Stock	Tax liability	$30,712	-3,226	-8.7%	$9.52	33,816	03 Jan 2023	Direct	F1
holding	DENN	Common Stock						14,000	03 Jan 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	+4,396		$0.000000	4,396	03 Jan 2023	Common Stock	4,396		Direct	F2
transaction	DENN	Restricted Stock Units	Options Exercise	$0	+6,341	+100%	$0.000000	12,684	03 Jan 2023	Common Stock	6,341		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.