Deepak Ajmani - May 2, 2024 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
May 2, 2024
Transactions value $
-$80,028
Form type
4
Date filed
5/3/2024, 04:40 PM
Previous filing
Mar 19, 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 $224K +27.3K +352.46% $8.22 35K May 2, 2024 Direct
transaction WEN Common Stock Tax liability -$304K -15K -42.87% $20.27 20K May 2, 2024 Direct F1

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 Employee Stock Option (Right to Buy) Options Exercise $0 -27.3K -100% $0.00* 0 May 2, 2024 Common Stock 27.3K $8.22 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld by the Company to satisfy the exercise price and tax withholding obligations in connection with the net settlement of the options, and does not represent a sale of any shares by Mr. Ajmani.
F2 With tandem net exercise and tax withholding rights.
F3 The option vested in three equal installments on August 11, 2015, 2016 and 2017 and is currently exercisable as to all 27,277 shares.