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[Form 4] The Wendy's Company Insider Trading Activity

Filing Impact
(Neutral)
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(Neutral)
Form Type
4
Rhea-AI Filing Summary

Kirk Tanner, President & CEO of Wendy's, received new restricted stock units (RSUs) as part of dividend equivalent rights on June 16, 2025. The transaction details include:

  • 2,990 RSUs vesting in two equal installments on February 22, 2026 and 2027
  • 704 RSUs vesting in three equal installments on August 5, 2025, 2026, and 2027

Both grants include tandem dividend equivalent rights and tax withholding rights. Each RSU represents a contingent right to receive one share of Wendy's common stock, subject to Tanner's continued employment. Following these transactions, Tanner beneficially owns 299,590 RSUs directly. The RSUs were granted at $0 cost, reflecting their nature as dividend equivalent units rather than market purchases.

Kirk Tanner, Presidente e CEO di Wendy's, ha ricevuto nuove unità azionarie vincolate (RSU) come parte dei diritti equivalenti ai dividendi il 16 giugno 2025. I dettagli della transazione includono:

  • 2.990 RSU che maturano in due rate uguali il 22 febbraio 2026 e 2027
  • 704 RSU che maturano in tre rate uguali il 5 agosto 2025, 2026 e 2027

Entrambi i conferimenti comprendono diritti equivalenti ai dividendi in tandem e diritti di ritenuta fiscale. Ogni RSU rappresenta un diritto condizionato a ricevere una azione ordinaria di Wendy's, subordinato alla continuazione dell'impiego di Tanner. Dopo queste operazioni, Tanner detiene direttamente 299.590 RSU. Le RSU sono state assegnate a costo zero, riflettendo la loro natura di unità equivalenti ai dividendi e non di acquisti di mercato.

Kirk Tanner, Presidente y CEO de Wendy's, recibió nuevas unidades restringidas de acciones (RSU) como parte de derechos equivalentes a dividendos el 16 de junio de 2025. Los detalles de la transacción incluyen:

  • 2,990 RSU que se consolidan en dos cuotas iguales el 22 de febrero de 2026 y 2027
  • 704 RSU que se consolidan en tres cuotas iguales el 5 de agosto de 2025, 2026 y 2027

Ambas concesiones incluyen derechos equivalentes a dividendos en tándem y derechos de retención fiscal. Cada RSU representa un derecho contingente a recibir una acción ordinaria de Wendy's, sujeto a la continuidad laboral de Tanner. Tras estas transacciones, Tanner posee directamente 299,590 RSU. Las RSU se otorgaron sin costo, reflejando su naturaleza como unidades equivalentes a dividendos en lugar de compras de mercado.

커크 태너, Wendy's� 사장 � CEO� 2025� 6� 16� 배당� 등가 권리� 일환으로 새로� 제한 주식 단위(RSU)� 받았습니�. 거래 세부 사항은 다음� 같습니다:

  • 2,990 RSU가 2026� 2� 22일과 2027년에 각각 절반� 베스팅됩니다
  • 704 RSU가 2025� 8� 5�, 2026�, 2027년에 각각 3등분하여 베스팅됩니다

� 부� 모두 연동� 배당� 등가 권리와 세금 원천징수 권리� 포함합니�. � RSU� 태너가 계속 고용 중일 경우 Wendy's 보통� 1주를 받을 � 있는 조건부 권리� 나타냅니�. � 거래 이후 태너� 직접적으� 299,590 RSU� 보유하게 되었습니�. RSU� 시장 구매가 아닌 배당� 등가 단위로서 $0 비용으로 부여되었습니다.

Kirk Tanner, Président et CEO de Wendy's, a reçu de nouvelles unités d'actions restreintes (RSU) dans le cadre de droits équivalents aux dividendes le 16 juin 2025. Les détails de la transaction sont les suivants :

  • 2 990 RSU acquises en deux versements égaux les 22 février 2026 et 2027
  • 704 RSU acquises en trois versements égaux les 5 août 2025, 2026 et 2027

Les deux attributions comprennent des droits équivalents aux dividendes en tandem ainsi que des droits de retenue fiscale. Chaque RSU représente un droit conditionnel à recevoir une action ordinaire de Wendy's, sous réserve de la poursuite de l'emploi de Tanner. À la suite de ces transactions, Tanner possède directement 299 590 RSU. Les RSU ont été attribuées sans coût, reflétant leur nature d'unités équivalentes aux dividendes plutôt que d'achats sur le marché.

Kirk Tanner, Präsident und CEO von Wendy's, erhielt am 16. Juni 2025 neue Restricted Stock Units (RSUs) als Teil von Dividendenäquivalenzrechten. Die Transaktionsdetails umfassen:

  • 2.990 RSUs, die in zwei gleichen Raten am 22. Februar 2026 und 2027 vesten
  • 704 RSUs, die in drei gleichen Raten am 5. August 2025, 2026 und 2027 vesten

Beide Zuteilungen beinhalten tandemartige Dividendenäquivalenzrechte und Steuerabzugsrechte. Jede RSU stellt ein bedingtes Recht dar, eine Aktie der Wendy's-Stammaktien zu erhalten, abhängig von Tanners fortgesetzter Anstellung. Nach diesen Transaktionen besitzt Tanner direkt 299.590 RSUs. Die RSUs wurden kostenfrei gewährt, was ihre Natur als Dividendenäquivalenz-Einheiten und nicht als Marktkäufe widerspiegelt.

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  • None.
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  • None.

Kirk Tanner, Presidente e CEO di Wendy's, ha ricevuto nuove unità azionarie vincolate (RSU) come parte dei diritti equivalenti ai dividendi il 16 giugno 2025. I dettagli della transazione includono:

  • 2.990 RSU che maturano in due rate uguali il 22 febbraio 2026 e 2027
  • 704 RSU che maturano in tre rate uguali il 5 agosto 2025, 2026 e 2027

Entrambi i conferimenti comprendono diritti equivalenti ai dividendi in tandem e diritti di ritenuta fiscale. Ogni RSU rappresenta un diritto condizionato a ricevere una azione ordinaria di Wendy's, subordinato alla continuazione dell'impiego di Tanner. Dopo queste operazioni, Tanner detiene direttamente 299.590 RSU. Le RSU sono state assegnate a costo zero, riflettendo la loro natura di unità equivalenti ai dividendi e non di acquisti di mercato.

Kirk Tanner, Presidente y CEO de Wendy's, recibió nuevas unidades restringidas de acciones (RSU) como parte de derechos equivalentes a dividendos el 16 de junio de 2025. Los detalles de la transacción incluyen:

  • 2,990 RSU que se consolidan en dos cuotas iguales el 22 de febrero de 2026 y 2027
  • 704 RSU que se consolidan en tres cuotas iguales el 5 de agosto de 2025, 2026 y 2027

Ambas concesiones incluyen derechos equivalentes a dividendos en tándem y derechos de retención fiscal. Cada RSU representa un derecho contingente a recibir una acción ordinaria de Wendy's, sujeto a la continuidad laboral de Tanner. Tras estas transacciones, Tanner posee directamente 299,590 RSU. Las RSU se otorgaron sin costo, reflejando su naturaleza como unidades equivalentes a dividendos en lugar de compras de mercado.

커크 태너, Wendy's� 사장 � CEO� 2025� 6� 16� 배당� 등가 권리� 일환으로 새로� 제한 주식 단위(RSU)� 받았습니�. 거래 세부 사항은 다음� 같습니다:

  • 2,990 RSU가 2026� 2� 22일과 2027년에 각각 절반� 베스팅됩니다
  • 704 RSU가 2025� 8� 5�, 2026�, 2027년에 각각 3등분하여 베스팅됩니다

� 부� 모두 연동� 배당� 등가 권리와 세금 원천징수 권리� 포함합니�. � RSU� 태너가 계속 고용 중일 경우 Wendy's 보통� 1주를 받을 � 있는 조건부 권리� 나타냅니�. � 거래 이후 태너� 직접적으� 299,590 RSU� 보유하게 되었습니�. RSU� 시장 구매가 아닌 배당� 등가 단위로서 $0 비용으로 부여되었습니다.

Kirk Tanner, Président et CEO de Wendy's, a reçu de nouvelles unités d'actions restreintes (RSU) dans le cadre de droits équivalents aux dividendes le 16 juin 2025. Les détails de la transaction sont les suivants :

  • 2 990 RSU acquises en deux versements égaux les 22 février 2026 et 2027
  • 704 RSU acquises en trois versements égaux les 5 août 2025, 2026 et 2027

Les deux attributions comprennent des droits équivalents aux dividendes en tandem ainsi que des droits de retenue fiscale. Chaque RSU représente un droit conditionnel à recevoir une action ordinaire de Wendy's, sous réserve de la poursuite de l'emploi de Tanner. À la suite de ces transactions, Tanner possède directement 299 590 RSU. Les RSU ont été attribuées sans coût, reflétant leur nature d'unités équivalentes aux dividendes plutôt que d'achats sur le marché.

Kirk Tanner, Präsident und CEO von Wendy's, erhielt am 16. Juni 2025 neue Restricted Stock Units (RSUs) als Teil von Dividendenäquivalenzrechten. Die Transaktionsdetails umfassen:

  • 2.990 RSUs, die in zwei gleichen Raten am 22. Februar 2026 und 2027 vesten
  • 704 RSUs, die in drei gleichen Raten am 5. August 2025, 2026 und 2027 vesten

Beide Zuteilungen beinhalten tandemartige Dividendenäquivalenzrechte und Steuerabzugsrechte. Jede RSU stellt ein bedingtes Recht dar, eine Aktie der Wendy's-Stammaktien zu erhalten, abhängig von Tanners fortgesetzter Anstellung. Nach diesen Transaktionen besitzt Tanner direkt 299.590 RSUs. Die RSUs wurden kostenfrei gewährt, was ihre Natur als Dividendenäquivalenz-Einheiten und nicht als Marktkäufe widerspiegelt.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Tanner Kirk

(Last) (First) (Middle)
C/O THE WENDY'S COMPANY
ONE DAVE THOMAS BLVD.

(Street)
DUBLIN OH 43017

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Wendy's Co [ WEN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) (2) 06/16/2025 A 2,990(3) (4) (4) Common Stock 2,990 $0 298,886 D
Restricted Stock Units(1) (2) 06/16/2025 A 704(3) (5) (5) Common Stock 704 $0 299,590 D
Explanation of Responses:
1. With tandem dividend equivalent rights and tax withholding rights.
2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
3. Represents dividend equivalent units issued on June 16, 2025.
4. The restricted stock units will vest in two remaining equal installments on February 22, 2026 and 2027, subject to Mr. Tanner's continued employment with the Company on the applicable vesting date.
5. The restricted stock units will vest in three equal installments on August 5, 2025, 2026 and 2027, subject to Mr. Tanner's continued employment with the Company on the applicable vesting date.
/s/ Mark L. Johnson, Attorney-in-Fact 06/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many restricted stock units (RSUs) did WEN's CEO Kirk Tanner receive on June 16, 2025?

On June 16, 2025, WEN's CEO Kirk Tanner received two grants of restricted stock units as dividend equivalent units: 2,990 RSUs that vest in two equal installments (February 2026 and 2027) and 704 RSUs that vest in three equal installments (August 2025, 2026, and 2027).

What is the total number of WEN shares Kirk Tanner owns after the June 2025 RSU grant?

Following the reported transactions, Kirk Tanner beneficially owns 299,590 restricted stock units of WEN (Wendy's Company), all held in direct ownership form.

What are the vesting dates for WEN CEO's latest RSU grants from June 2025?

The first grant of 2,990 RSUs will vest in two equal installments on February 22, 2026 and 2027. The second grant of 704 RSUs will vest in three equal installments on August 5, 2025, 2026, and 2027. Both grants are subject to Tanner's continued employment with WEN.

What positions does Kirk Tanner hold at WEN according to the Form 4?

According to the Form 4 filing, Kirk Tanner serves as both a Director and President & CEO of The Wendy's Company (WEN).

What was the purchase price of WEN's restricted stock units granted to Kirk Tanner?

The restricted stock units were granted at $0 cost to Kirk Tanner, as they represent dividend equivalent units issued by WEN. Each RSU represents a contingent right to receive one share of the Company's common stock upon vesting.
Wendys Co

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Restaurants
Retail-eating & Drinking Places
United States
DUBLIN