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Wendy's Co — Director's Dealing 2023
Feb 27, 2023
31695_dirs_2023-02-27_2ffc5cea-9dfe-4623-a2e9-fd96299b6903.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Wendy's Co (WEN)
CIK: 0000030697
Period of Report: 2023-02-16
Reporting Person: Loredo Juan Carlos (Global Chief Marketing Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 19599 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $10.0875 | 2026-08-12 | Common Stock (24803) | Direct | |
| Employee Stock Option (Right to Buy) | $15.355 | 2027-08-11 | Common Stock (20003) | Direct | |
| Employee Stock Option (Right to Buy) | $18.515 | 2028-08-20 | Common Stock (16365) | Direct | |
| Employee Stock Option (Right to Buy) | $19.71 | 2029-08-09 | Common Stock (26809) | Direct | |
| Employee Stock Option (Right to Buy) | $22.34 | 2030-08-07 | Common Stock (16712) | Direct | |
| Employee Stock Option (Right to Buy) | $23.70 | 2031-08-13 | Common Stock (12634) | Direct | |
| Employee Stock Option (Right to Buy) | $21.40 | 2032-08-12 | Common Stock (14221) | Direct | |
| Restricted Stock Units | $0 | Common Stock (14099) | Direct |
Footnotes
F1: With tandem net exercise and tax withholding rights.
F2: The option vested in three equal installments on August 12, 2017, 2018 and 2019 and is currently exercisable as to all 24,803 shares.
F3: The option vested in three equal installments on August 11, 2018, 2019 and 2020 and is currently exercisable as to all 20,003 shares.
F4: The option vested in three equal installments on August 20, 2019, 2020 and 2021 and is currently exercisable as to all 16,365 shares.
F5: The option vested in three equal installments on August 9, 2020, 2021 and 2022 and is currently exercisable as to all 26,809 shares.
F6: The option became exercisable as to 5,570 shares on August 7, 2021 and 5,571 shares on August 7, 2022 and becomes exercisable as to 5,571 shares on August 7, 2023.
F7: The option became exercisable as to 4,211 shares on August 13, 2022 and becomes exercisable as to 4,211 shares on August 13, 2023 and as to 4,212 shares on August 13, 2024.
F8: The option becomes exercisable as to 4,740 shares on each of August 12, 2023 and 2024 and becomes exercisable as to 4,741 shares on August 12, 2025.
F9: With tandem dividend equivalent rights and tax withholding rights.
F10: Of the restricted stock units, 5,055 (215 of which represent dividend equivalent units) will vest on February 19, 2024; and 9,044 (104 of which represent dividend equivalent units) will vest on February 22, 2025. In each case, the stated number of restricted stock units will vest in full on the applicable vesting date, subject to Mr. Loredo's continued employment with the Company on the applicable vesting date.
F11: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.