Wendy's CFO granted RSUs and stock options
Wendy's Co reported that its CFO and Chief Strategy Officer, Steven Cirulis, received new equity awards.
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Form Type
4
Rhea-AI Filing Summary
Wendy's Co reported that its CFO and Chief Strategy Officer, Steven Cirulis, received new equity awards. He was granted 39,536 restricted stock units and options on 707,811 shares of common stock at an exercise price of $6.26 per share. Both the options and the restricted stock units vest in three equal installments on June 23, 2027, 2028, and 2029, contingent on his continued employment. Each restricted stock unit represents the right to receive one share of common stock, and the awards include related tax withholding and net exercise features.
Insider Trade Summary
Grant/Award: 747,347 shares
Grant/Award
2 txns
Insider
Cirulis Steven
Role
CFO & Chf Strategy Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 707,811 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 39,536 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 707,811 contracts (Direct);
Restricted Stock Units — 39,536 contracts (Direct)
Footnotes (5)
- F1. With tandem net exercise and tax withholding rights.
- F2. The option vests in three equal installments on June 23, 2027, 2028 and 2029, subject to Mr. Cirulis' continued employment with the Company on the applicable vesting date.
- F3. With tandem dividend equivalent rights and tax withholding rights.
- F4. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F5. The restricted stock units will vest in three equal installments on June 23, 2027, 2028 and 2029, subject to Mr. Cirulis' continued employment with the Company on the applicable vesting date.
Key Figures
RSU grant: 39,536 restricted stock units
Option grant size: 707,811 options
Option exercise price: $6.26 per share
+3 more
6 metrics
RSU grant
39,536 restricted stock units
Granted to CFO Steven Cirulis on June 23, 2026
Option grant size
707,811 options
Employee stock options granted on June 23, 2026
Option exercise price
$6.26 per share
Exercise price for employee stock options
RSU underlying shares
39,536 shares
Each RSU equals one common share
Option underlying shares
707,811 shares
Underlying common stock for the options
Option expiration
June 23, 2036
Expiration date of employee stock options
Key Terms
Restricted Stock Units, Employee Stock Option (Right to Buy), net exercise, dividend equivalent rights, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote on contingent right to shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)" for the option grant"
net exercise financial
"footnote: "With tandem net exercise and tax withholding rights.""
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
dividend equivalent rights financial
"footnote: "With tandem dividend equivalent rights and tax withholding rights.""
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
tax withholding rights financial
"footnotes referencing tax withholding rights with options and RSUs"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Wendy's Co (WEN) report for Steven Cirulis?
Wendy's Co reported that CFO Steven Cirulis received new equity awards. He was granted 39,536 restricted stock units and employee stock options on 707,811 shares, reflecting compensation rather than an open-market stock purchase or sale.
How many stock options did the Wendy's Co (WEN) CFO receive and at what price?
Steven Cirulis received options on 707,811 shares of Wendy's common stock. The options have an exercise price of $6.26 per share, meaning he can buy the shares at that price once the options vest and are exercised.
What are the terms of the restricted stock units granted by Wendy's Co (WEN)?
The grant includes 39,536 restricted stock units for Steven Cirulis. Each unit represents a contingent right to receive one share of Wendy's common stock, vesting in three equal installments in 2027, 2028, and 2029, subject to continued employment.
When do the new Wendy's Co (WEN) equity awards to the CFO vest?
Both the restricted stock units and the stock options vest over three years. They vest in equal installments on June 23, 2027, June 23, 2028, and June 23, 2029, provided Steven Cirulis remains employed with Wendy's Co on each vesting date.
When do the Wendy's Co (WEN) CFO stock options expire?
The employee stock options granted to Steven Cirulis expire on June 23, 2036. After that date, any unexercised options become invalid, so the options must vest and be exercised before the expiration to convert into common shares.
Do the Wendy's Co (WEN) equity awards include tax withholding or dividend equivalents?
The filing states the options have tandem net exercise and tax withholding rights. The restricted stock units have tandem dividend equivalent rights and tax withholding rights, which handle associated taxes and mirror dividends during the vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
