Liliana Esposito - 09 Mar 2023 Form 4 Insider Report for Wendy's Co (WEN)

Signature
/s/ Michael G. Berner, Attorney-in-Fact
Issuer symbol
WEN
Transactions as of
09 Mar 2023
Net transactions value
-$722,872
Form type
4
Filing time
10 Mar 2023, 15:54:01 UTC
Previous filing
07 Mar 2023
Next filing
15 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $652,671 +64,701 +86% $10.09 139,566 09 Mar 2023 Direct
transaction WEN Common Stock Sale $1,375,543 -64,701 -46% $21.26 74,865 09 Mar 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 -64,701 -100% $0.000000* 0 09 Mar 2023 Common Stock 64,701 $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.