John C. Miller - Mar 2, 2023 Form 4 Insider Report for DENNY'S Corp (DENN)

Role: Director
Signature: /s/ Jasmine E. Taylor, Attorney-in-Fact
Stock symbol: DENN
Transactions as of: Mar 2, 2023
Transactions value $: -$2,330,021
Form type: 4
Date filed: 3/6/2023, 05:46 PM
Previous filing: Jan 5, 2023
Next filing: May 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DENN	Common Stock	Options Exercise	$0	+236K	+38.44%	$0.00	849K	Mar 2, 2023	Direct
transaction	DENN	Common Stock	Tax liability	-$910K	-78K	-9.18%	$11.67	771K	Mar 2, 2023	Direct
transaction	DENN	Common Stock	Options Exercise	$0	+329K	+42.66%	$0.00	1.1M	Mar 2, 2023	Direct
transaction	DENN	Common Stock	Tax liability	-$1.42M	-122K	-11.06%	$11.67	978K	Mar 2, 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	Performance Share Units	Options Exercise	$0	-236K	-100%	$0.00^*	0	Mar 2, 2023	Common Stock	236K		Direct	F1
transaction	DENN	Performance Share Units	Options Exercise	$0	-329K	-100%	$0.00^*	0	Mar 2, 2023	Common Stock	329K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects the scheduled payout of shares on a "1-for-1" basis in common stock of the Issuer for Performance Share Units earned under the Denny's Corporation 2012 Omnibus Incentive Plan, having vested 12/27/17, and deferred under the Denny's, Inc. Deferred Compensation Plan.
F2	Reflects the scheduled payout of shares on a "1-for-1" basis in common stock of the Issuer for Performance Share Units earned under the Denny's Corporation 2012 Omnibus Incentive Plan, having vested 12/26/18, and deferred under the Denny's, Inc. Deferred Compensation Plan.