Juan Carlos Loredo - 05 Apr 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role
Global Chief Marketing Officer
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Issuer symbol
WEN
Transactions as of
05 Apr 2023
Net transactions value
$0
Form type
4
Filing time
06 Apr 2023, 16:35:07 UTC
Previous filing
17 Mar 2023
Next filing
20 Jun 2023
SEC
View on sec.gov

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 +117 +0.82% $0.000000 14,387 05 Apr 2023 Common Stock 117 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 With tandem dividend equivalent rights and tax withholding rights.
F2 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F3 Represents dividend equivalent units that Mr. Loredo was entitled to receive between March 2022 and March 2023 but, due to administrative error, were not issued until April 5, 2023.
F4 The restricted stock units will vest in full on February 22, 2025, subject to Mr. Loredo's continued employment with the Company on the vesting date.