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Wendy's Co — Director's Dealing 2023
Jan 30, 2023
31695_dirs_2023-01-30_5b609aca-1f5f-479c-a0ee-6ec9046a06ec.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: 2023-01-20
Reporting Person: Thuerk Suzanne M. (Chief Accounting Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5695 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $21.40 | 2032-08-12 | Common Stock (7900) | Direct | |
| Employee Stock Option (Right to Buy) | $23.70 | 2031-08-13 | Common Stock (3474) | Direct | |
| Employee Stock Option (Right to Buy) | $22.34 | 2030-08-07 | Common Stock (4595) | Direct | |
| Employee Stock Option (Right to Buy) | $19.71 | 2029-08-09 | Common Stock (7344) | Direct | |
| Employee Stock Option (Right to Buy) | $18.515 | 2028-08-20 | Common Stock (2021) | Direct | |
| Restricted Stock Units | $0 | Common Stock (6277) | Direct |
Footnotes
F1: With tandem net exercise and tax withholding rights.
F2: The option becomes exercisable as to 2,633 shares on each of August 12, 2023 and 2024 and becomes exercisable as to 2,634 shares on August 12, 2025.
F3: The option became exercisable as to 1,158 shares on August 13, 2022 and becomes exercisable as to 1,158 shares on each of August 13, 2023 and August 13, 2024.
F4: The option became exercisable as to 1,531 shares on August 7, 2021 and 1,532 shares on August 7, 2022 and becomes exercisable as to 1,532 shares on August 7, 2023.
F5: The option vested in three equal installments on August 9, 2020, 2021 and 2022 and is currently exercisable as to all 7,344 shares.
F6: The option vested on August 20, 2021 and is currently exercisable as to all 2,021 shares.
F7: With tandem dividend equivalent rights and tax withholding rights.
F8: Of the restricted stock units, 1,291 (61 of which represent dividend equivalent units) will vest on August 7, 2023; 1,441 (49 of which represent dividend equivalent units) will vest on August 13, 2024; and 3,545 (41 of which represent dividend equivalent units) will vest on August 12, 2025. In each case, the stated number of restricted stock units will vest in full on the applicable vesting date, subject to Ms. Thuerk's continued employment with the Company on the applicable vesting date.
F9: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.