Deepak Ajmani - Sep 15, 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role
Chief Operations Officer - U.S
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Sep 15, 2023
Transactions value $
$0
Form type
4
Date filed
9/19/2023, 05:17 PM
Previous filing
Aug 15, 2023
Next filing
Dec 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 Restricted Stock Units Award $0 +48 +0.85% $0.00 5.67K Sep 15, 2023 Common Stock 48 Direct F1, F2, F3, F4
transaction WEN Restricted Stock Units Award $0 +21 +0.37% $0.00 5.69K Sep 15, 2023 Common Stock 21 Direct F1, F2, F3, F5
* 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 issued on September 15, 2023.
F4 The restricted stock units will vest on February 19, 2024, subject to Mr. Ajmani's continued employment with the Company on the vesting date.
F5 The restricted stock units will vest in three equal installments on August 11, 2024, 2025 and 2026, subject to Mr. Ajmani's continued employment with the Company on the applicable vesting date.