Kelli Valade - 16 Jun 2023 Form 4 Insider Report for DENNY'S Corp (DENN)

Role: CEO, Director
Signature: /s/ Jasmine E. Taylor, Attorney-in-Fact
Issuer symbol: DENN
Transactions as of: 16 Jun 2023
Net transactions value: -$113,407
Form type: 4
Filing time: 21 Jun 2023, 17:35:43 UTC
Previous filing: 03 Feb 2023
Next filing: 05 Jan 2024
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	+30,889		$0.000000	30,889	16 Jun 2023	Direct
transaction	DENN	Common Stock	Tax liability	$113,407	-9,530	-31%	$11.90	21,359	16 Jun 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	-30,889	-33%	$0.000000	61,776	16 Jun 2023	Common Stock	30,889		Direct	F1

* 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 2021 Omnibus Incentive Plan, for the first of (3) equal installments that vests on the first anniversary date of the grant and the remaining two installments on the last day of the Company's 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 2021 Omnibus Incentive Plan, for the first of (3) equal installments that vests on the first anniversary date of the grant and the remaining two installments on the last day of the Company's 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.