Suzanne M. Thuerk - Jan 20, 2023 Form 3 Insider Report for Wendy's Co (WEN)

Role
Chief Accounting Officer
Signature
/s/ Suzanne M. Thuerk
Stock symbol
WEN
Transactions as of
Jan 20, 2023
Transactions value $
$0
Form type
3
Date filed
1/30/2023, 04:45 PM
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WEN Common Stock 5.7K Jan 20, 2023 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
holding WEN Employee Stock Option (Right to Buy) Jan 20, 2023 Common Stock 7.9K $21.40 Direct F1, F2
holding WEN Employee Stock Option (Right to Buy) Jan 20, 2023 Common Stock 3.47K $23.70 Direct F1, F3
holding WEN Employee Stock Option (Right to Buy) Jan 20, 2023 Common Stock 4.6K $22.34 Direct F1, F4
holding WEN Employee Stock Option (Right to Buy) Jan 20, 2023 Common Stock 7.34K $19.71 Direct F1, F5
holding WEN Employee Stock Option (Right to Buy) Jan 20, 2023 Common Stock 2.02K $18.52 Direct F1, F6
holding WEN Restricted Stock Units Jan 20, 2023 Common Stock 6.28K $0.00 Direct F7, F8, F9
* 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 becomes exercisable as to 2,633 shares on each of August 12, 2023 and 2024 and becomes exercisable as to 2,634 shares on August 12, 2025.
F3 The option became exercisable as to 1,158 shares on August 13, 2022 and becomes exercisable as to 1,158 shares on each of August 13, 2023 and August 13, 2024.
F4 The option became exercisable as to 1,531 shares on August 7, 2021 and 1,532 shares on August 7, 2022 and becomes exercisable as to 1,532 shares on August 7, 2023.
F5 The option vested in three equal installments on August 9, 2020, 2021 and 2022 and is currently exercisable as to all 7,344 shares.
F6 The option vested on August 20, 2021 and is currently exercisable as to all 2,021 shares.
F7 With tandem dividend equivalent rights and tax withholding rights.
F8 Of the restricted stock units, 1,291 (61 of which represent dividend equivalent units) will vest on August 7, 2023; 1,441 (49 of which represent dividend equivalent units) will vest on August 13, 2024; and 3,545 (41 of which represent dividend equivalent units) will vest on August 12, 2025. In each case, the stated number of restricted stock units will vest in full on the applicable vesting date, subject to Ms. Thuerk's continued employment with the Company on the applicable vesting date.
F9 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.