Kurt A. Kane - Aug 13, 2021 Form 4 Insider Report for Wendy's Co (WEN)

Role
Pres US & Chf Commercial Ofc
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Aug 13, 2021
Transactions value $
$0
Form type
4
Date filed
8/17/2021, 05:50 PM
Previous filing
Jun 17, 2021
Next filing
Sep 17, 2021

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) Award $0 +120K $0.00 120K Aug 13, 2021 Common Stock 120K $23.70 Direct F1, F2
* 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 vests in three equal installments on August 13, 2022, 2023 and 2024, subject to Mr. Kane's continued employment with the Company on the applicable vesting date.