Lindsay J. Radkoski - 15 Aug 2024 Form 3 Insider Report for Wendy's Co (WEN)

Role
CMO, U.S.
Signature
/s/ Lindsay J. Radkoski
Issuer symbol
WEN
Transactions as of
15 Aug 2024
Net transactions value
$0
Form type
3
Filing time
19 Aug 2024, 17:07:16 UTC
Next filing
19 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WEN Common Stock 23,906 15 Aug 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
holding WEN Employee Stock Option (Right to Buy) 15 Aug 2024 Common Stock 23,730 $16.70 Direct F1, F2
holding WEN Employee Stock Option (Right to Buy) 15 Aug 2024 Common Stock 10,504 $21.53 Direct F1, F3
holding WEN Employee Stock Option (Right to Buy) 15 Aug 2024 Common Stock 9,480 $21.40 Direct F1, F4
holding WEN Employee Stock Option (Right to Buy) 15 Aug 2024 Common Stock 8,528 $23.70 Direct F1, F5
holding WEN Employee Stock Option (Right to Buy) 15 Aug 2024 Common Stock 11,280 $22.34 Direct F1, F6
holding WEN Employee Stock Option (Right to Buy) 15 Aug 2024 Common Stock 18,362 $19.71 Direct F1, F7
holding WEN Employee Stock Option (Right to Buy) 15 Aug 2024 Common Stock 6,061 $18.52 Direct F1, F8
holding WEN Employee Stock Option (Right to Buy) 15 Aug 2024 Common Stock 8,001 $15.36 Direct F1, F9
holding WEN Restricted Stock Units 15 Aug 2024 Common Stock 16,677 $0.000000 Direct F10, F11, F12
* 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 becomes exercisable as to 7,910 shares on each of August 5, 2025, 2026 and 2027.
F3 The option became exercisable as to 3,501 shares on August 11, 2024 and becomes exercisable as to 3,501 shares on August 11, 2025 and 3,502 shares on August 11, 2026.
F4 The option became exercisable as to 3,160 shares on each of August 12, 2023 and 2024 and becomes exercisable as to 3,160 shares on August 12, 2025.
F5 The option vested in three equal installments on August 13, 2022, 2023 and 2024 and is currently exercisable as to all 8,528 shares.
F6 The option vested in three equal installments on August 7, 2021, 2022 and 2023 and is currently exercisable as to all 11,280 shares.
F7 The option vested in three equal installments on August 9, 2020, 2021 and 2022 and is currently exercisable as to all 18,362 shares.
F8 The option vested in three equal installments on August 20, 2019, 2020 and 2021 and is currently exercisable as to all 6,061 shares.
F9 The option vested in three equal installments on August 11, 2018, 2019 and 2020 and is currently exercisable as to all 8,001 shares.
F10 With tandem dividend equivalent rights and tax withholding rights.
F11 Of the restricted stock units, 4,592 (387 of which represent dividend equivalent units) will vest on August 12, 2025; 1,104 (59 of which represent dividend equivalent units) will vest in two remaining equal installments on August 11, 2025 and 2026; 8,062 (226 of which represent dividend equivalent units) will vest in three equal installments on December 7, 2024, 2025 and 2026; and 2,919 will vest in three equal installments on August 5, 2025, 2026 and 2027. In each case, the stated number of restricted stock units will vest in full on the applicable vesting date, subject to Ms. Radkoski's continued employment with the Company on the applicable vesting date.
F12 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.

Remarks:

Power of Attorney is included with this filing as Exhibit 24.