DENNY'S Corp — Director's Dealing 2021

Feb 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DENNY'S Corp (DENN)
CIK: 0000852772
Period of Report: 2021-02-02

Reporting Person: Dillon John William (EVP and Chief Brand Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-02	Common Stock	A	11312	—	Acquired	95452	Direct
2021-02-02	Common Stock	F	3899	$15.91	Disposed	91553	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-02	Performance Share Units	$	A	595	Acquired		Common Stock (595.0)	Direct
2021-02-02	Restricted Stock Units	$	A	12430	Acquired		Common Stock (12430.0)	Direct

Footnotes

F1: Reflects the payout of performance shares earned under the Denny's 2018 Long-Term Incentive Program.

F2: Performance Share Units, which were granted under the Denny's Corporation 2017 Omnibus Incentive Plan, having vested 12/30/20, were deferred pursuant to the Denny's, Inc. Deferred Compensation Plan as of the transaction date and are payable on a "1-for-1" basis in common stock of the Issuer upon the reporting person's termination of service as an employee of Denny's, Inc. pursuant to his/her deferral election.

F3: Not included in Column 9 are 576 fully vested performance shares and restricted stock units that have been previously deferred under the Denny's, Inc. Deferred Compensation Plan and that will be payable by issuance of shares on the applicable deferred payment date under the Deferred Compensation Plan.

F4: The restricted stock units, which were granted under the Denny's Corporation 2017 Omnibus Incentive Plan, will vest in three (3) equal installments on the last day of the Company's 2021, 2022, and 2023 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.