JOHN C. MILLER - 02 Mar 2023 Form 4 Insider Report for DENNY'S Corp (DENN)

Role: Director
Signature: /s/ Jasmine E. Taylor, Attorney-in-Fact
Issuer symbol: DENN
Transactions as of: 02 Mar 2023
Transactions value $: -$2,330,021
Form type: 4
Filing time: 06 Mar 2023, 17:46:13 UTC
Previous filing: 05 Jan 2023
Next filing: 18 May 2023
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	$0	+235,694	+38.44%	$0	848,880	02 Mar 2023	Direct
transaction	DENN	Common Stock	Tax liability	-$909,839	-77,964	-9.18%	$11.67	770,916	02 Mar 2023	Direct
transaction	DENN	Common Stock	Options Exercise	$0	+328,905	+42.66%	$0	1,099,821	02 Mar 2023	Direct
transaction	DENN	Common Stock	Tax liability	-$1,420,180	-121,695	-11.06%	$11.67	978,126	02 Mar 2023	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	DENN	Performance Share Units	Options Exercise	$0	-235,694	-100%	$0^*	0	02 Mar 2023	Common Stock	235,694		Direct	F1
transaction	DENN	Performance Share Units	Options Exercise	$0	-328,905	-100%	$0^*	0	02 Mar 2023	Common Stock	328,905		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects the scheduled payout of shares on a "1-for-1" basis in common stock of the Issuer for Performance Share Units earned under the Denny's Corporation 2012 Omnibus Incentive Plan, having vested 12/27/17, and deferred under the Denny's, Inc. Deferred Compensation Plan.
F2	Reflects the scheduled payout of shares on a "1-for-1" basis in common stock of the Issuer for Performance Share Units earned under the Denny's Corporation 2012 Omnibus Incentive Plan, having vested 12/26/18, and deferred under the Denny's, Inc. Deferred Compensation Plan.