E.J. Wunsch - 03 Mar 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role: Chief Legal Ofcr & Secretary
Signature: /s/ Michael G. Berner, Attorney-in-Fact
Issuer symbol: WEN
Transactions as of: 03 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 15 Aug 2023, 20:53:06 UTC
Previous filing: 02 Mar 2023
Next filing: 19 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEN	Common Stock	Other	$0	-2,926	-5.3%	$0.000000	52,791	03 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)	Award	$0	+51,357		$0.000000	51,357	11 Aug 2023	Common Stock	51,357	$21.53	Direct	F2, F3
transaction	WEN	Restricted Stock Units	Award	$0	+7,663		$0.000000	7,663	11 Aug 2023	Common Stock	7,663		Direct	F4, F5, F6

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

Explanation of Responses:

Id	Content
F1	Since the date of the reporting person's last ownership report, the reporting person transferred 2,926 shares of the Company's common stock to his former spouse pursuant to a domestic relations order. Following this transfer, the reporting person held 52,791 shares of the Company's common stock.
F2	With tandem net exercise and tax withholding rights.
F3	The option vests in three equal installments on August 11, 2024, 2025 and 2026, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date.
F4	With tandem dividend equivalent rights and tax withholding rights.
F5	Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F6	The restricted stock units will vest in three equal installments on August 11, 2024, 2025 and 2026, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date.