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

Role
Chief Information Officer
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Mar 15, 2024
Transactions value $
-$312
Form type
4
Date filed
3/19/2024, 05:03 PM
Previous filing
Mar 12, 2024
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $0 +55 +2.06% $0.00 2.72K Mar 15, 2024 Direct F1
transaction WEN Common Stock Tax liability -$312 -17 -0.62% $18.33 2.71K Mar 15, 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 +1.03% $0.00 5.37K Mar 15, 2024 Common Stock 55 Direct F1, F2, F3, F4
transaction WEN Restricted Stock Units Options Exercise $0 -55 -1.02% $0.00 5.32K Mar 15, 2024 Common Stock 55 Direct F1, F2, F4
transaction WEN Restricted Stock Units Award $0 +51 +0.96% $0.00 5.37K Mar 15, 2024 Common Stock 51 Direct F1, F2, F3, F5
transaction WEN Restricted Stock Units Award $0 +22 +0.41% $0.00 5.39K Mar 15, 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.