Mich J. Mathews-Spradlin - Apr 5, 2022 Form 4 Insider Report for Wendy's Co (WEN)

Role: Director
Signature: /s/ Michael G. Berner, Attorney-in-Fact
Stock symbol: WEN
Transactions as of: Apr 5, 2022
Transactions value $: $25,367
Form type: 4
Date filed: 4/6/2022, 05:54 PM
Previous filing: Jan 7, 2022
Next filing: May 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEN	Common Stock	Award	$25.4K	+1.17K	+2.11%	$21.70	56.5K	Apr 5, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares were issued pursuant to the Company's 2020 Omnibus Award Plan (the "Plan") in lieu of a quarterly Board of Directors retainer fee and quarterly Board committee retainer fees that would otherwise be payable in cash. In accordance with the Plan, the price is the average of the closing price per share on the 20 consecutive trading days immediately preceding the date on which the retainer fees would otherwise be payable.

Content

Shares were issued pursuant to the Company's 2020 Omnibus Award Plan (the "Plan") in lieu of a quarterly Board of Directors retainer fee and quarterly Board committee retainer fees that would otherwise be payable in cash. In accordance with the Plan, the price is the average of the closing price per share on the 20 consecutive trading days immediately preceding the date on which the retainer fees would otherwise be payable.