Denny's (DENN) EVP has shares and awards paid out at $6.25

Q: What insider transaction did Denny's (DENN) report for Saygbay-Hallie Monigo?

The filing reports that EVP and Chief People Officer Saygbay-Hallie Monigo had her Denny's common shares and equity awards automatically converted into cash in connection with the completion of a merger.

Q: What was the cash value per share in the Denny's (DENN) merger?

Each share of Denny's common stock held by the reporting person was converted into the right to receive $6.25 per share in cash , without interest and subject to applicable withholding taxes.

Q: How were Denny's (DENN) restricted stock units treated in this Form 4?

Under the Merger Agreement, each outstanding Denny's restricted stock unit (RSU) was cancelled and converted into a cash right equal to the number of underlying shares multiplied by the $6.25 merger consideration per share.

Q: What happened to the performance-based restricted stock units (PSUs) reported for Denny's (DENN)?

Each performance-based restricted stock unit ( PSU ) was cancelled and converted into a right to receive cash equal to the underlying number of Denny's shares times the $6.25 merger consideration.

Q: What corporate event triggered the insider equity changes at Denny's (DENN)?

The changes were triggered by a merger in which Sparkle Acquisition Corp. merged with and into Denny's Corporation, making Denny's a wholly owned, indirect subsidiary of Sparkle Topco Corp.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Denny's Corporation executive Saygbay-Hallie Monigo, EVP and Chief People Officer, reported automatic changes to her equity holdings in connection with the company’s merger with Sparkle Topco Corp. On January 16, 2026, a merger was completed in which Sparkle Acquisition Corp. merged into Denny's, leaving Denny's as a wholly owned, indirect subsidiary of Sparkle Topco.

Immediately before the merger’s effective time, the shares of Denny's common stock held by the reporting person were converted into the right to receive $6.25 per share in cash, subject to taxes. In addition, her outstanding restricted stock units and performance-based restricted stock units were cancelled and converted into cash rights based on the same $6.25 merger consideration per underlying share. Following these transactions, she no longer beneficially owns Denny's common stock or related equity awards.

Insider Trade Summary

52,464 shares exercised/converted

Mixed 7 txns

Insider Saygbay-Hallie Monigo

Role EVP, Chief People Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	25,000	$0.00	--
Exercise	Restricted Stock Units	27,464	$0.00	--
Disposition	Common Stock	11,182	$6.25	$70K
Exercise	Common Stock	52,464	$0.00	--
Disposition	Common Stock	52,464	$6.25	$328K
Grant/Award	Common Stock	26,407	$0.00	--
Disposition	Common Stock	26,407	$6.25	$165K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

On January 16, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 3, 2025, by and among Denny's Corporation (the "Issuer"), a Delaware corporation, Sparkle Topco Corp., a Delaware corporation (the "Buyer") and Sparkle Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Buyer ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned, indirect subsidiary of Buyer. Immediately prior to the effective time of the Merger (the "Effective Time"), shares of the Issuer's common stock held by the Reporting Person were converted into the right to receive a cash payment equal to the per share merger consideration of $6.25 (the "Merger Consideration"), without interest and subject to applicable withholding taxes. Pursuant to the Merger Agreement, immediately prior to the Effective Time, each outstanding restricted stock unit ("RSUs") award was cancelled and terminated and converted into a right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product obtained by multiplying (x) the aggregate number of shares of the Issuer's common stock underlying such RSU award by (y) the Merger Consideration. Pursuant to the Merger Agreement, immediately prior to the Effective Time, each of these performance-based restricted stock units ("PSUs") was cancelled and terminated and converted into a right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product obtained by multiplying (x) the aggregate number of shares of the Issuer's common stock underlying such PSU award by (y) the Merger Consideration.

Form 4 Insider Transactions: What Each Field Means →

01/20/2026 - 05:31 PM

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^*

Saygbay-Hallie Monigo

(Last)

(First)

(Middle)

DENNY'S CORPORATION

203 EAST MAIN STREET

(Street)

SPARTANBURG

29319

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DENNY'S Corp [ DENN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/16/2026		D		11,182⁽¹⁾	D	$6.25⁽¹⁾	0	D
Common Stock	01/16/2026		M		52,464⁽¹⁾⁽²⁾	A	$0	52,464	D
Common Stock	01/16/2026		D		52,464⁽¹⁾⁽²⁾	D	$6.25⁽¹⁾	0	D
Common Stock	01/16/2026		A		26,407⁽¹⁾⁽³⁾	A	$0	26,407	D
Common Stock	01/16/2026		D		26,407⁽¹⁾⁽³⁾	D	$6.25⁽¹⁾	0	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾⁽²⁾	01/16/2026		M			25,000	⁽²⁾	⁽²⁾	Common Stock	25,000	$0	0	D
Restricted Stock Units	⁽¹⁾⁽²⁾	01/16/2026		M			27,464	⁽²⁾	⁽²⁾	Common Stock	27,464	$0	0	D

Explanation of Responses:

1. On January 16, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 3, 2025, by and among Denny's Corporation (the "Issuer"), a Delaware corporation, Sparkle Topco Corp., a Delaware corporation (the "Buyer") and Sparkle Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Buyer ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned, indirect subsidiary of Buyer. Immediately prior to the effective time of the Merger (the "Effective Time"), shares of the Issuer's common stock held by the Reporting Person were converted into the right to receive a cash payment equal to the per share merger consideration of $6.25 (the "Merger Consideration"), without interest and subject to applicable withholding taxes.

2. Pursuant to the Merger Agreement, immediately prior to the Effective Time, each outstanding restricted stock unit ("RSUs") award was cancelled and terminated and converted into a right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product obtained by multiplying (x) the aggregate number of shares of the Issuer's common stock underlying such RSU award by (y) the Merger Consideration.

3. Pursuant to the Merger Agreement, immediately prior to the Effective Time, each of these performance-based restricted stock units ("PSUs") was cancelled and terminated and converted into a right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product obtained by multiplying (x) the aggregate number of shares of the Issuer's common stock underlying such PSU award by (y) the Merger Consideration.

Remarks:

	/s/ Gail Sharps Myers, Attorney-in-Fact	01/20/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Denny's (DENN) report for Saygbay-Hallie Monigo?

The filing reports that EVP and Chief People Officer Saygbay-Hallie Monigo had her Denny's common shares and equity awards automatically converted into cash in connection with the completion of a merger.

How were Denny's (DENN) restricted stock units treated in this Form 4?

Under the Merger Agreement, each outstanding Denny's restricted stock unit (RSU) was cancelled and converted into a cash right equal to the number of underlying shares multiplied by the $6.25 merger consideration per share.

What happened to the performance-based restricted stock units (PSUs) reported for Denny's (DENN)?

Each performance-based restricted stock unit (PSU) was cancelled and converted into a right to receive cash equal to the underlying number of Denny's shares times the $6.25 merger consideration.

Does the Denny's (DENN) executive still own company stock after these transactions?

After the merger-related conversions and cancellations, the Form 4 shows that the reporting person no longer beneficially owns Denny's common stock or related derivative equity awards.

What corporate event triggered the insider equity changes at Denny's (DENN)?

The changes were triggered by a merger in which Sparkle Acquisition Corp. merged with and into Denny's Corporation, making Denny's a wholly owned, indirect subsidiary of Sparkle Topco Corp.