Matthew Coley O'Brien - Mar 1, 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role: Chief People Officer
Signature: /s/ Michael G. Berner, Attorney-in-Fact
Stock symbol: WEN
Transactions as of: Mar 1, 2023
Transactions value $: -$46,742
Form type: 4
Date filed: 3/2/2023, 05:24 PM
Previous filing: Aug 16, 2022
Next filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEN	Common Stock	Award	$0	+7.13K	+10.53%	$0.00	74.8K	Mar 1, 2023	Direct	F1
transaction	WEN	Common Stock	Tax liability	-$46.7K	-2.13K	-2.84%	$21.97	72.7K	Mar 1, 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
transaction	WEN	Restricted Stock Units	Award	$0	+15.8K		$0.00	15.8K	Mar 1, 2023	Common Stock	15.8K	$0.00	Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Reflects settlement of performance units granted to Mr. O'Brien in February 2020 as part of the Company's long-term incentive plan.
F2	With tandem dividend equivalent rights and tax withholding rights.
F3	Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F4	The restricted stock units will vest in full on March 1, 2026, subject to Mr. O'Brien's continued employment with the Company on the vesting date.