Liliana Esposito - 05 Jun 2021 Form 4 Insider Report for Wendy's Co (WEN)

Role
Chf Corp Affrs & Sustnblty Ofc
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Issuer symbol
WEN
Transactions as of
05 Jun 2021
Net transactions value
-$44,493
Form type
4
Filing time
07 Jun 2021, 17:13:49 UTC
Next filing
11 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $0 +6,069 +12% $0.000000 58,811 05 Jun 2021 Direct F1
transaction WEN Common Stock Options Exercise $0 +325 +0.55% $0.000000 59,136 05 Jun 2021 Direct F1
transaction WEN Common Stock Tax liability $42,223 -1,842 -3.1% $22.92 57,294 05 Jun 2021 Direct
transaction WEN Common Stock Tax liability $2,269 -99 -0.17% $22.92 57,195 05 Jun 2021 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 WEN Restricted Stock Units Options Exercise $0 -6,069 -95% $0.000000 325 05 Jun 2021 Common Stock 6,069 Direct F1, F2, F3
transaction WEN Restricted Stock Units Options Exercise $0 -325 -100% $0.000000* 0 05 Jun 2021 Common Stock 325 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F2 With tandem dividend equivalent rights and tax withholding rights.
F3 The restricted stock units were granted on June 5, 2018 and fully vested on June 5, 2021.
F4 Represents the dividend equivalent units that had accrued on the restricted stock units that vested in full on June 5, 2021; accordingly, the dividend equivalent units vested in full immediately upon being issued on June 5, 2021.