JOSE M. GUTIERREZ - 19 May 2021 Form 4 Insider Report for DENNY'S Corp (DENN)

Role: Director
Signature: /s/ J. Scott Melton, Attorney-in-Fact
Issuer symbol: DENN
Transactions as of: 19 May 2021
Transactions value $: $0
Form type: 4
Filing time: 21 May 2021, 17:39:31 UTC
Next filing: 10 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DENN	Common Stock	Options Exercise		+10.3K	+42.17%		34.7K	20 May 2021	Direct	F1

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	DENN	Deferred Stock Unit	Award	$0	+6.31K	+7.96%	$0.00	85.6K	19 May 2021	Common Stock	6.31K		Direct	F2
transaction	DENN	Deferred Stock Unit	Options Exercise	$0	-10.3K	-12.02%	$0.00	75.3K	20 May 2021	Common Stock	10.3K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Deferred Stock Units, which were granted in 2020 under the Denny's Corporation 2017 Omnibus Incentive Plan, vested on May 20, 2021, the first anniversary of the date of grant and converted to common stock of the Issuer on this date.
F2	Deferred Stock Units, which were granted under the Denny's Corporation 2021 Omnibus Incentive Plan, vest 100% upon the first anniversary of the date of grant, and are payable on a "1-for-1" basis in common stock of the Issuer immediately following the vesting date (i.e., first anniversary of the annual DSU grant date).