Kirk Tanner - 22 Feb 2025 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
22 Feb 2025
Net transactions value
-$677,864
Form type
4
Filing time
25 Feb 2025, 18:29:37 UTC
Previous filing
18 Dec 2024
Next filing
19 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $0 +117,842 $0.000000 117,842 22 Feb 2025 Direct F1
transaction WEN Common Stock Tax liability $677,864 -44,567 -38% $15.21 73,275 22 Feb 2025 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 -117,842 -29% $0.000000 291,143 22 Feb 2025 Common Stock 117,842 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 6,546 dividend equivalent units that had accrued on the restricted stock units.
F4 The restricted stock units were granted on February 22, 2024 and vest in three equal installments on February 22, 2025, 2026 and 2027, subject to Mr. Tanner's continued employment with the Company on the applicable vesting date.