Mich J. Mathews-Spradlin - Oct 6, 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role: Director
Signature: /s/ Michael G. Berner, Attorney-in-Fact
Stock symbol: WEN
Transactions as of: Oct 6, 2023
Transactions value $: $25,247
Form type: 4
Date filed: 10/10/2023, 05:06 PM
Previous filing: Jul 10, 2023
Next filing: Oct 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	WEN	Common Stock	Award	$25.2 K	+1.25 K	+1.6%	$20.23	79.1 K	Oct 6, 2023	Direct	F1

Explanation of Responses:

Id	Content
F1	Shares were issued pursuant to the Company's 2020 Omnibus Award Plan (the "Plan") in lieu of a quarterly Board of Directors retainer fee and quarterly Board committee retainer fees that would otherwise be payable in cash. In accordance with the Plan, the price is the average of the closing price per share on the 20 consecutive trading days immediately preceding the date on which the retainer fees would otherwise be payable.

Content

Shares were issued pursuant to the Company's 2020 Omnibus Award Plan (the "Plan") in lieu of a quarterly Board of Directors retainer fee and quarterly Board committee retainer fees that would otherwise be payable in cash. In accordance with the Plan, the price is the average of the closing price per share on the 20 consecutive trading days immediately preceding the date on which the retainer fees would otherwise be payable.