Liliana Esposito - Mar 9, 2023 Form 4 Insider Report for Wendy's Co (WEN)

Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Mar 9, 2023
Transactions value $
-$722,872
Form type
4
Date filed
3/10/2023, 03:54 PM
Previous filing
Mar 7, 2023
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $653K +64.7K +86.42% $10.09 140K Mar 9, 2023 Direct
transaction WEN Common Stock Sale -$1.38M -64.7K -46.36% $21.26 74.9K Mar 9, 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 -64.7K -100% $0.00* 0 Mar 9, 2023 Common Stock 64.7K $10.09 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.10 to $21.60 per share, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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 64,701 remaining shares.