Matthew P. Spessard - Aug 11, 2024 Form 4 Insider Report for Wendy's Co (WEN)

Role
Chief Information Officer
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Aug 11, 2024
Transactions value $
-$2,739
Form type
4
Date filed
8/13/2024, 05:23 PM
Previous filing
Aug 7, 2024
Next filing
Aug 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $0 +548 +20.26% $0.00 3.25K Aug 11, 2024 Direct F1
transaction WEN Common Stock Tax liability -$2.74K -160 -4.92% $17.12 3.09K Aug 11, 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 Restricted Stock Units Options Exercise $0 -548 -6.36% $0.00 8.07K Aug 11, 2024 Common Stock 548 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F2 With tandem dividend equivalent rights and tax withholding rights.
F3 Includes 26 dividend equivalent units that had accrued on the restricted stock units.
F4 The restricted stock units were granted on August 11, 2023 and vest in three equal installments on August 11, 2024, 2025 and 2026, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date.