Leigh A. Burnside - Jan 17, 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role
SVP, CAO & CFO US
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Jan 17, 2023
Transactions value $
-$264,969
Form type
4
Date filed
1/19/2023, 04:13 PM
Previous filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $268K +26.5K +48.22% $10.09 81.5K Jan 17, 2023 Direct
transaction WEN Common Stock Options Exercise $430K +28K +34.34% $15.36 110K Jan 17, 2023 Direct
transaction WEN Common Stock Options Exercise $449K +24.2K +22.13% $18.52 134K Jan 17, 2023 Direct
transaction WEN Common Stock Options Exercise $724K +36.7K +27.45% $19.71 171K Jan 17, 2023 Direct
transaction WEN Common Stock Tax liability -$2.14M -92.4K -54.21% $23.10 78.1K Jan 17, 2023 Direct F1

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 -26.5K -100% $0.00* 0 Jan 17, 2023 Common Stock 26.5K $10.09 Direct F2, F3
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -28K -100% $0.00* 0 Jan 17, 2023 Common Stock 28K $15.36 Direct F2, F4
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -24.2K -100% $0.00* 0 Jan 17, 2023 Common Stock 24.2K $18.52 Direct F2, F5
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -36.7K -100% $0.00* 0 Jan 17, 2023 Common Stock 36.7K $19.71 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld by the Company to satisfy the exercise price and tax withholding obligations in connection with the net settlement of options, and does not represent a sale of any shares by Ms. Burnside.
F2 With tandem net exercise and tax withholding rights.
F3 The option vested in three equal installments on August 12, 2017, 2018 and 2019 and is currently exercisable as to all 26,528 shares.
F4 The option vested in three equal installments on August 11, 2018, 2019 and 2020 and is currently exercisable as to all 28,005 shares.
F5 The option vested in three equal installments on August 20, 2019, 2020 and 2021 and is currently exercisable as to all 24,244 shares.
F6 The option vested in three equal installments on August 9, 2020, 2021 and 2022 and is currently exercisable as to all 36,724 shares.