Kelli Valade - Jan 3, 2024 Form 4 Insider Report for DENNY'S Corp (DENN)

Role: CEO, Director
Signature: /s/ Jasmine E. Taylor, Attorney-in-Fact
Stock symbol: DENN
Transactions as of: Jan 3, 2024
Transactions value $: -$211,434
Form type: 4
Date filed: 1/5/2024, 05:32 PM
Previous filing: Jun 21, 2023
Next filing: Feb 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership
transaction	DENN	Common Stock	Options Exercise	$0	+30.9K	+144.61%	$0.00	52.2K	Jan 3, 2024	Direct
transaction	DENN	Common Stock	Tax liability	-$89.1K	-8.24K	-15.76%	$10.82	44K	Jan 3, 2024	Direct
transaction	DENN	Common Stock	Options Exercise	$0	+46.4K	+105.49%	$0.00	90.4K	Jan 3, 2024	Direct
transaction	DENN	Common Stock	Tax liability	-$122K	-11.3K	-12.5%	$10.82	79.1K	Jan 3, 2024	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	Restricted Stock Units	Options Exercise	$0	-30.9K	-50%	$0.00	30.9K	Jan 3, 2024	Common Stock	30.9K		Direct	F1
transaction	DENN	Restricted Stock Units	Options Exercise	$0	-46.4K	-33.33%	$0.00	92.9K	Jan 3, 2024	Common Stock	46.4K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2021 Omnibus Incentive Plan, for the second of (3) equal installments that vests on the first anniversary date of the grant and the remaining two installments on the last day of the Company's 2023 and 2024 fiscal years and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date, subject to continued employment with the Issuer through such date, unless vesting is accelerated due to retirement, death, disability or change of control.
F2	Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2021 Omnibus Incentive Plan, for the first of (3) equal installments that vests on the last day of the Company's 2023, 2024 and 2025 fiscal years and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date, subject to continued employment with the Issuer through such date, unless vesting is accelerated due to retirement, death, disability or change of control.

Content

Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2021 Omnibus Incentive Plan, for the second of (3) equal installments that vests on the first anniversary date of the grant and the remaining two installments on the last day of the Company's 2023 and 2024 fiscal years and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date, subject to continued employment with the Issuer through such date, unless vesting is accelerated due to retirement, death, disability or change of control.

Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2021 Omnibus Incentive Plan, for the first of (3) equal installments that vests on the last day of the Company's 2023, 2024 and 2025 fiscal years and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date, subject to continued employment with the Issuer through such date, unless vesting is accelerated due to retirement, death, disability or change of control.