John W. Peyton - Jan 4, 2022 Form 4 Insider Report for Dine Brands Global, Inc. (DIN)

Role: Chief Executive Officer, Director
Signature: /s/ Christine K. Son as attorney-in-fact for John W. Peyton
Stock symbol: DIN
Transactions as of: Jan 4, 2022
Transactions value $: $1,211,883
Form type: 4
Date filed: 1/5/2022, 07:08 PM
Next filing: Jan 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DIN	COMMON STOCK	Options Exercise	$2.12M	+26.9K	+192.01%	$78.95	40.9K	Jan 4, 2022	Direct	F1
transaction	DIN	COMMON STOCK	Tax liability	-$912K	-11.6K	-28.24%	$78.95	29.4K	Jan 4, 2022	Direct	F2

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	DIN	RESTRICTED STOCK UNITS	Options Exercise	$0	-26.9K	-50%	$0.00	26.9K	Jan 4, 2022	COMMON STOCK	26.9K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	This transaction represents the vesting of restricted stock units in shares of common stock of the Issuer.
F2	These shares were withheld by the Issuer to satisfy the tax withholding obligations of the reporting person with respect to the vesting on January 4, 2022 of restricted stock units held by the reporting person.
F3	On January 4, 2021, the reporting person was granted 53,805 restricted stock units pursuant to an Employment Agreement between the reporting person and the Issuer. Per the terms of the Employment Agreement, the remaining restricted stock units will be settled in shares of common stock on January 4, 2023, subject to the reporting person's continued service with the Issuer through the vesting date.