Todd Allan Penegor - Aug 11, 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role
President & CEO, Director
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Aug 11, 2023
Transactions value $
$0
Form type
4
Date filed
8/15/2023, 09:07 PM
Previous filing
May 1, 2023
Next filing
Sep 19, 2023

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 +268K $0.00 268K Aug 11, 2023 Common Stock 268K $21.53 Direct F1, F2
transaction WEN Restricted Stock Units Award $0 +40.1K $0.00 40.1K Aug 11, 2023 Common Stock 40.1K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 With tandem net exercise and tax withholding rights.
F2 The option vests in three equal installments on August 11, 2024, 2025 and 2026, subject to Mr. Penegor's continued employment with the Company on the applicable vesting date.
F3 With tandem dividend equivalent rights and tax withholding rights.
F4 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F5 The restricted stock units will vest in three equal installments on August 11, 2024, 2025 and 2026, subject to Mr. Penegor's continued employment with the Company on the applicable vesting date.