Matthew Coley O'Brien - Jun 9, 2021 Form 4 Insider Report for Wendy's Co (WEN)

Role
Chief People Officer
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Jun 9, 2021
Transactions value $
-$1,373,125
Form type
4
Date filed
6/11/2021, 05:18 PM
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $280K +34.1K +106.8% $8.22 66K Jun 9, 2021 Direct
transaction WEN Common Stock Options Exercise $364K +36.9K +55.94% $9.86 103K Jun 9, 2021 Direct
transaction WEN Common Stock Options Exercise $322K +31.9K +30.97% $10.09 135K Jun 9, 2021 Direct
transaction WEN Common Stock Options Exercise $369K +24K +17.8% $15.36 159K Jun 9, 2021 Direct
transaction WEN Common Stock Tax liability -$1.23M -45.5K -28.65% $27.07 113K Jun 9, 2021 Direct
transaction WEN Common Stock Sale -$1.48M -50.9K -44.91% $29.00 62.4K Jun 9, 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 Employee Stock Option (Right to Buy) Options Exercise $0 -34.1K -100% $0.00* 0 Jun 9, 2021 Common Stock 34.1K $8.22 Direct F1, F2
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -36.9K -100% $0.00* 0 Jun 9, 2021 Common Stock 36.9K $9.86 Direct F1, F3
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -31.9K -100% $0.00* 0 Jun 9, 2021 Common Stock 31.9K $10.09 Direct F1, F4
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -24K -100% $0.00* 0 Jun 9, 2021 Common Stock 24K $15.36 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 With tandem net exercise and tax withholding rights.
F2 The option vested in three equal installments on August 11, 2015, 2016 and 2017, and is currently exercisable as to all 34,097 shares.
F3 The option vested in three equal installments on August 7, 2016, 2017 and 2018, and is currently exercisable as to all 36,932 shares.
F4 The option vested in three equal installments on August 12, 2017, 2018 and 2019, and is currently exercisable as to all 31,890 shares.
F5 The option vested in three equal installments on August 11, 2018, 2019 and 2020, and is currently exercisable as to all 24,004 shares.