Liliana Esposito - Jun 9, 2021 Form 4 Insider Report for Wendy's Co (WEN)

Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Jun 9, 2021
Transactions value $
-$2,323,378
Form type
4
Date filed
6/11/2021, 05:22 PM
Previous filing
Jun 7, 2021
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $561K +68.2K +119.23% $8.22 125K Jun 9, 2021 Direct
transaction WEN Common Stock Options Exercise $650K +66K +52.6% $9.86 191K Jun 9, 2021 Direct
transaction WEN Common Stock Tax liability -$226K -8.35K -4.36% $27.07 183K Jun 9, 2021 Direct
transaction WEN Common Stock Sale -$3.31M -118K -64.45% $28.05 65.1K 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 -68.2K -100% $0.00* 0 Jun 9, 2021 Common Stock 68.2K $8.22 Direct F1, F2
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -66K -100% $0.00* 0 Jun 9, 2021 Common Stock 66K $9.86 Direct F1, F3
* 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 68,194 shares.
F3 The option vested in three equal installments on August 7, 2016, 2017 and 2018, and is currently exercisable as to all 65,951 shares.