Kirk Tanner - 05 Aug 2024 Form 4 Insider Report for Wendy's Co (WEN)

Role
President & CEO, Director
Signature
/s/ Mark L. Johnson, Attorney-in-Fact
Issuer symbol
WEN
Transactions as of
05 Aug 2024
Net transactions value
$0
Form type
4
Filing time
07 Aug 2024, 17:32:39 UTC
Previous filing
20 Jun 2024
Next filing
13 Aug 2024
SEC
View on sec.gov

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 +438,098 $0.000000 438,098 05 Aug 2024 Common Stock 438,098 $16.70 Direct F1, F2
transaction WEN Restricted Stock Units Award $0 +53,892 +16% $0.000000 397,428 05 Aug 2024 Common Stock 53,892 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. Tanner'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. Tanner's continued employment with the Company on the applicable vesting date.