Michael L. Furlow - Jan 3, 2023 Form 4 Insider Report for DENNY'S Corp (DENN)

Role: EVP, Chief Information Officer
Signature: /s/ Jasmine E. Taylor, Attorney-in-Fact
Stock symbol: DENN
Transactions as of: Jan 3, 2023
Transactions value $: -$20,544
Form type: 4
Date filed: 1/5/2023, 06:30 PM
Previous filing: May 24, 2022
Next filing: Feb 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership
transaction	DENN	Common Stock	Options Exercise	$0	+2.94K	+4.48%	$0.00	68.4K	Jan 3, 2023	Direct
transaction	DENN	Common Stock	Tax liability	-$8.29K	-871	-1.27%	$9.52	67.5K	Jan 3, 2023	Direct
transaction	DENN	Common Stock	Options Exercise	$0	+4.34K	+6.42%	$0.00	71.9K	Jan 3, 2023	Direct
transaction	DENN	Common Stock	Tax liability	-$12.3K	-1.29K	-1.79%	$9.52	70.6K	Jan 3, 2023	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	-2.94K	-50%	$0.00	2.94K	Jan 3, 2023	Common Stock	2.94K		Direct	F1
transaction	DENN	Restricted Stock Units	Options Exercise	$0	-4.34K	-33.33%	$0.00	8.68K	Jan 3, 2023	Common Stock	4.34K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.

Content

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.

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.