KENNETH W. GILBERT - 16 May 2023 Form 4 Insider Report for Wendy's Co (WEN)

Role
Director
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Issuer symbol
WEN
Transactions as of
16 May 2023
Transactions value $
$0
Form type
4
Filing time
18 May 2023, 17:08:43 UTC
Previous filing
31 May 2023
Next filing
05 Jun 2023
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 Restricted Stock Units Award $0 +6.6K $0.00 6.6K 16 May 2023 Common Stock 6.6K Direct F1, F2
* 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 The restricted stock units will vest in full on the earlier of May 16, 2024 or the date of the Company's 2024 annual meeting of stockholders. Vested shares will be delivered upon Mr. Gilbert's termination as a director of the Company.