Todd Penegor - 13 Aug 2021 Form 4 Insider Report for Wendy's Co (WEN)

Role
President & CEO, Director
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Issuer symbol
WEN
Transactions as of
13 Aug 2021
Transactions value $
$0
Form type
4
Filing time
17 Aug 2021, 17:55:32 UTC
Previous filing
10 Jun 2021
Next filing
16 Sep 2021
SEC
View on sec.gov

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 Employee Stock Option (Right to Buy) Award $0 +332K $0.00 332K 13 Aug 2021 Common Stock 332K $23.70 Direct F1, F2
* 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 vests in three equal installments on August 13, 2022, 2023 and 2024, subject to Mr. Penegor's continued employment with the Company on the applicable vesting date.