Kirk Tanner - Feb 22, 2025 Form 4 Insider Report for Wendy's Co (WEN)

Role
President & CEO, Director
Signature
/s/ Mark L. Johnson, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Feb 22, 2025
Transactions value $
-$677,864
Form type
4
Date filed
2/25/2025, 06:29 PM
Previous filing
Dec 18, 2024
Next filing
Mar 19, 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 +118K $0.00 118K Feb 22, 2025 Direct F1
transaction WEN Common Stock Tax liability -$678K -44.6K -37.82% $15.21 73.3K Feb 22, 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 -118K -28.81% $0.00 291K Feb 22, 2025 Common Stock 118K 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.