Juan Carlos Loredo - May 9, 2024 Form 4 Insider Report for Wendy's Co (WEN)

Role
Global Chief Marketing Officer
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
May 9, 2024
Transactions value $
-$316,371
Form type
4
Date filed
5/10/2024, 05:00 PM
Previous filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $250K +24.8K +89.91% $10.09 52.4K May 9, 2024 Direct
transaction WEN Common Stock Options Exercise $307K +20K +38.18% $15.36 72.4K May 9, 2024 Direct
transaction WEN Common Stock Sale -$874K -44.8K -61.89% $19.50 27.6K May 9, 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 -24.8K -100% $0.00* 0 May 9, 2024 Common Stock 24.8K $10.09 Direct F1, F2
transaction WEN Employee Stock Option (Right to Buy) Options Exercise $0 -20K -100% $0.00* 0 May 9, 2024 Common Stock 20K $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.