E.J. Wunsch - Mar 3, 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role
Chief Legal Ofcr & Secretary
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Mar 3, 2023
Transactions value $
$0
Form type
4
Date filed
8/15/2023, 08:53 PM
Previous filing
Mar 2, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Other $0 -2.93K -5.25% $0.00 52.8K Mar 3, 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 +51.4K $0.00 51.4K Aug 11, 2023 Common Stock 51.4K $21.53 Direct F2, F3
transaction WEN Restricted Stock Units Award $0 +7.66K $0.00 7.66K Aug 11, 2023 Common Stock 7.66K 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.