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Wendy's Co — Director's Dealing 2024
Mar 7, 2024
31695_dirs_2024-03-07_a0d29dd9-6459-4b6e-9bfa-4be9951d9d1c.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: 2024-02-26
Reporting Person: Spessard Matthew P (Chief Information Officer)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $21.53 | 2033-08-11 | Common Stock (10504) | Direct | |
| Employee Stock Option (Right to Buy) | $21.40 | 2032-08-12 | Common Stock (12641) | Direct | |
| Employee Stock Option (Right to Buy) | $23.70 | 2031-08-13 | Common Stock (8528) | Direct | |
| Employee Stock Option (Right to Buy) | $22.34 | 2030-08-07 | Common Stock (20890) | Direct | |
| Restricted Stock Units | $0 | Common Stock (9386) | Direct |
Footnotes
F1: With tandem net exercise and tax withholding rights.
F2: The option becomes exercisable as to 3,501 shares on each of August 11, 2024 and 2025 and becomes exercisable as to 3,502 shares on August 11, 2026.
F3: The option became exercisable as to 4,213 shares on August 12, 2023 and becomes exercisable as to 4,214 shares on each of August 12, 2024 and 2025.
F4: The option became exercisable as to 2,842 shares on August 13, 2022 and 2,843 shares on August 13, 2023 and becomes exercisable as to 2,843 shares on August 13, 2024.
F5: The option vested in three equal installments on August 7, 2021, 2022 and 2023 and is currently exercisable as to all 20,890 shares.
F6: With tandem dividend equivalent rights and tax withholding rights.
F7: Of the restricted stock units, 4,067 (340 of which represent dividend equivalent units) will vest on March 9, 2024; 3,713 (296 of which represent dividend equivalent units) will vest on August 13, 2024; and 1,606 (39 of which represent dividend equivalent units) will vest in three equal installments on August 11, 2024, 2025 and 2026. In each case, the vesting of the restricted stock units is subject to Mr. Spessard's continued employment with the Company on the applicable vesting date.
F8: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.