DENNY'S Corp — Director's Dealing 2022

Jan 14, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DENNY'S Corp (DENN)
CIK: 0000852772
Period of Report: 2022-01-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-12	Common Stock	A	18849	—	Acquired	89488	Direct
2022-01-12	Common Stock	F	5449	$15.90	Disposed	84039	Direct
2022-01-12	Common Stock	M	4143	—	Acquired	88182	Direct
2022-01-12	Common Stock	F	1229	$15.90	Disposed	86953	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-12	Performance Share Units	$	A	943	Acquired		Common Stock (943.0)	Direct
2022-01-12	Restricted Stock Units	$	M	4143	Disposed		Common Stock (4143.0)	Direct

Footnotes

F1: Reflects the payout of performance shares earned under the Denny's 2019 Long-Term Incentive Program.

F2: Performance Share Units, which were granted under the Denny's Corporation 2017 Omnibus Incentive Plan, having vested 12/29/21, 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 1,171 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: Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2017 Omnibus Incentive Plan, for the first of (3) equal installments that vests 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.