Matthew P. Spessard - Aug 5, 2024 Form 4 Insider Report for Wendy's Co (WEN)

Role
Chief Information Officer
Signature
/s/ Mark L. Johnson, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Aug 5, 2024
Transactions value $
$0
Form type
4
Date filed
8/7/2024, 05:30 PM
Previous filing
Jun 20, 2024
Next filing
Aug 13, 2024

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) Award $0 +25.6K $0.00 25.6K Aug 5, 2024 Common Stock 25.6K $16.70 Direct F1, F2
transaction WEN Restricted Stock Units Award $0 +3.14K +57.44% $0.00 8.62K Aug 5, 2024 Common Stock 3.14K Direct F3, F4, F5
* 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 vests in three equal installments on August 5, 2025, 2026 and 2027, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date.
F3 With tandem dividend equivalent rights and tax withholding rights.
F4 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F5 The restricted stock units will vest in three equal installments on August 5, 2025, 2026 and 2027, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date.