Liliana Esposito - 09 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
09 Jun 2021
Net transactions value
-$2,323,378
Form type
4
Filing time
11 Jun 2021, 17:22:47 UTC
Previous filing
07 Jun 2021
Next filing
17 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 $560,725 +68,194 +119% $8.22 125,389 09 Jun 2021 Direct
transaction WEN Common Stock Options Exercise $650,112 +65,951 +53% $9.86 191,340 09 Jun 2021 Direct
transaction WEN Common Stock Tax liability $225,857 -8,345 -4.4% $27.06 182,995 09 Jun 2021 Direct
transaction WEN Common Stock Sale $3,308,357 -117,945 -64% $28.05 65,050 09 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 Employee Stock Option (Right to Buy) Options Exercise $0 -68,194 -100% $0.000000* 0 09 Jun 2021 Common Stock 68,194 $8.22 Direct F1, F2
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -65,951 -100% $0.000000* 0 09 Jun 2021 Common Stock 65,951 $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.