Matthew P. Spessard - 15 Mar 2024 Form 4 Insider Report for Wendy's Co (WEN)

Role
Chief Information Officer
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Issuer symbol
WEN
Transactions as of
15 Mar 2024
Net transactions value
-$312
Form type
4
Filing time
19 Mar 2024, 17:03:06 UTC
Previous filing
12 Mar 2024
Next filing
20 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $0 +55 +2.1% $0.000000 2,722 15 Mar 2024 Direct F1
transaction WEN Common Stock Tax liability $312 -17 -0.62% $18.33 2,705 15 Mar 2024 Direct

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 +55 +1% $0.000000 5,374 15 Mar 2024 Common Stock 55 Direct F1, F2, F3, F4
transaction WEN Restricted Stock Units Options Exercise $0 -55 -1% $0.000000 5,319 15 Mar 2024 Common Stock 55 Direct F1, F2, F4
transaction WEN Restricted Stock Units Award $0 +51 +0.96% $0.000000 5,370 15 Mar 2024 Common Stock 51 Direct F1, F2, F3, F5
transaction WEN Restricted Stock Units Award $0 +22 +0.41% $0.000000 5,392 15 Mar 2024 Common Stock 22 Direct F1, F2, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F2 With tandem dividend equivalent rights and tax withholding rights.
F3 Represents dividend equivalent units issued on March 15, 2024.
F4 The dividend equivalent units had accrued on restricted stock units that vested in full on March 9, 2024; accordingly, the dividend equivalent units vested in full immediately upon being issued on March 15, 2024.
F5 The restricted stock units will vest in full on August 13, 2024, subject to Mr. Spessard's continued employment the the Company on the vesting date.
F6 The restricted stock units will vest in three equal installments on August 11, 2024, 2025 and 2026, subject to Mr. Spessard's continued employment with The Company on the applicable vesting dates.