Juan Carlos Loredo - Feb 16, 2023 Form 3 Insider Report for Wendy's Co (WEN)

Role
Global Chief Marketing Officer
Signature
/s/ Juan Carlos Loredo
Stock symbol
WEN
Transactions as of
Feb 16, 2023
Transactions value $
$0
Form type
3
Date filed
2/27/2023, 04:01 PM
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WEN Common Stock 19.6K Feb 16, 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) Feb 16, 2023 Common Stock 24.8K $10.09 Direct F1, F2
holding WEN Employee Stock Option (Right to Buy) Feb 16, 2023 Common Stock 20K $15.36 Direct F1, F3
holding WEN Employee Stock Option (Right to Buy) Feb 16, 2023 Common Stock 16.4K $18.52 Direct F1, F4
holding WEN Employee Stock Option (Right to Buy) Feb 16, 2023 Common Stock 26.8K $19.71 Direct F1, F5
holding WEN Employee Stock Option (Right to Buy) Feb 16, 2023 Common Stock 16.7K $22.34 Direct F1, F6
holding WEN Employee Stock Option (Right to Buy) Feb 16, 2023 Common Stock 12.6K $23.70 Direct F1, F7
holding WEN Employee Stock Option (Right to Buy) Feb 16, 2023 Common Stock 14.2K $21.40 Direct F1, F8
holding WEN Restricted Stock Units Feb 16, 2023 Common Stock 14.1K $0.00 Direct F9, F10, F11
* 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 12, 2017, 2018 and 2019 and is currently exercisable as to all 24,803 shares.
F3 The option vested in three equal installments on August 11, 2018, 2019 and 2020 and is currently exercisable as to all 20,003 shares.
F4 The option vested in three equal installments on August 20, 2019, 2020 and 2021 and is currently exercisable as to all 16,365 shares.
F5 The option vested in three equal installments on August 9, 2020, 2021 and 2022 and is currently exercisable as to all 26,809 shares.
F6 The option became exercisable as to 5,570 shares on August 7, 2021 and 5,571 shares on August 7, 2022 and becomes exercisable as to 5,571 shares on August 7, 2023.
F7 The option became exercisable as to 4,211 shares on August 13, 2022 and becomes exercisable as to 4,211 shares on August 13, 2023 and as to 4,212 shares on August 13, 2024.
F8 The option becomes exercisable as to 4,740 shares on each of August 12, 2023 and 2024 and becomes exercisable as to 4,741 shares on August 12, 2025.
F9 With tandem dividend equivalent rights and tax withholding rights.
F10 Of the restricted stock units, 5,055 (215 of which represent dividend equivalent units) will vest on February 19, 2024; and 9,044 (104 of which represent dividend equivalent units) will vest on February 22, 2025. In each case, the stated number of restricted stock units will vest in full on the applicable vesting date, subject to Mr. Loredo's continued employment with the Company on the applicable vesting date.
F11 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.

Remarks:

Power of attorney is included with this filing as Exhibit 24.