Matthew Coley O'Brien - Mar 1, 2023 Form 4 Insider Report for Wendy's Co (WEN)

Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Mar 1, 2023
Transactions value $
-$46,742
Form type
4
Date filed
3/2/2023, 05:24 PM
Previous filing
Aug 16, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Award $0 +7.13K +10.53% $0.00 74.8K Mar 1, 2023 Direct F1
transaction WEN Common Stock Tax liability -$46.7K -2.13K -2.84% $21.97 72.7K Mar 1, 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 WEN Restricted Stock Units Award $0 +15.8K $0.00 15.8K Mar 1, 2023 Common Stock 15.8K $0.00 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects settlement of performance units granted to Mr. O'Brien in February 2020 as part of the Company's long-term incentive plan.
F2 With tandem dividend equivalent rights and tax withholding rights.
F3 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F4 The restricted stock units will vest in full on March 1, 2026, subject to Mr. O'Brien's continued employment with the Company on the vesting date.