Juan Carlos Loredo - 09 May 2024 Form 4 Insider Report for Wendy's Co (WEN)

Role
Global Chief Marketing Officer
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Issuer symbol
WEN
Transactions as of
09 May 2024
Net transactions value
-$316,371
Form type
4
Filing time
10 May 2024, 17:00:36 UTC
Previous filing
19 Mar 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 $250,200 +24,803 +90% $10.09 52,389 09 May 2024 Direct
transaction WEN Common Stock Options Exercise $307,146 +20,003 +38% $15.36 72,392 09 May 2024 Direct
transaction WEN Common Stock Sale $873,717 -44,806 -62% $19.50 27,586 09 May 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 Employee Stock Option (Right to Buy) Options Exercise $0 -24,803 -100% $0.000000* 0 09 May 2024 Common Stock 24,803 $10.09 Direct F1, F2
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -20,003 -100% $0.000000* 0 09 May 2024 Common Stock 20,003 $15.36 Direct F1, F3
* 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 vested in three equal installments on August 12, 2017, 2018 and 2019 and is currently exercisable as to all 24,803 shares.
F3 The option vested in three equal installments on August 11, 2018, 2019 and 2020 and is currently exercisable as to all 20,003 shares.