Matthew P. Spessard - 26 Feb 2024 Form 3 Insider Report for Wendy's Co (WEN)

Role
Chief Information Officer
Signature
/s/ Matthew P Spessard
Issuer symbol
WEN
Transactions as of
26 Feb 2024
Net transactions value
$0
Form type
3
Filing time
07 Mar 2024, 17:10:05 UTC
Next filing
12 Mar 2024
SEC
View on sec.gov

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
holding WEN Employee Stock Option (Right to Buy) 26 Feb 2024 Common Stock 10,504 $21.53 Direct F1, F2
holding WEN Employee Stock Option (Right to Buy) 26 Feb 2024 Common Stock 12,641 $21.40 Direct F1, F3
holding WEN Employee Stock Option (Right to Buy) 26 Feb 2024 Common Stock 8,528 $23.70 Direct F1, F4
holding WEN Employee Stock Option (Right to Buy) 26 Feb 2024 Common Stock 20,890 $22.34 Direct F1, F5
holding WEN Restricted Stock Units 26 Feb 2024 Common Stock 9,386 $0.000000 Direct F6, F7, F8
* 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 becomes exercisable as to 3,501 shares on each of August 11, 2024 and 2025 and becomes exercisable as to 3,502 shares on August 11, 2026.
F3 The option became exercisable as to 4,213 shares on August 12, 2023 and becomes exercisable as to 4,214 shares on each of August 12, 2024 and 2025.
F4 The option became exercisable as to 2,842 shares on August 13, 2022 and 2,843 shares on August 13, 2023 and becomes exercisable as to 2,843 shares on August 13, 2024.
F5 The option vested in three equal installments on August 7, 2021, 2022 and 2023 and is currently exercisable as to all 20,890 shares.
F6 With tandem dividend equivalent rights and tax withholding rights.
F7 Of the restricted stock units, 4,067 (340 of which represent dividend equivalent units) will vest on March 9, 2024; 3,713 (296 of which represent dividend equivalent units) will vest on August 13, 2024; and 1,606 (39 of which represent dividend equivalent units) will vest in three equal installments on August 11, 2024, 2025 and 2026. In each case, the vesting of the restricted stock units is subject to Mr. Spessard's continued employment with the Company on the applicable vesting date.
F8 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.

Remarks:

Power of attorney is included with this filing as Exhibit 24.