Wendy's Co (WEN) CLO John Min exercises RSUs and withholds shares for taxes
Rhea-AI Filing Summary
Wendy's Co executive John Min, Chief Legal Officer & Secretary, reported equity transactions dated August 12, 2026. Restricted stock units representing 44,404 and 5,918 underlying shares of common stock were exercised/converted into common stock, including accrued dividend equivalent units. To cover payment of exercise price or tax liability, 12,589 and 1,678 common shares were delivered or withheld at $8.66 per share. These events reflect scheduled vesting of awards granted on August 12, 2025, subject to continued employment and associated dividend equivalent and tax withholding rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 36,055 shares
Net Buy
6 txns
Insider
Min John
Role
Chief Legal Ofcr & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F3, F4 | 44,404 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F1, F5, F6 | 5,918 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 44,404 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,589 | $8.66 | $109K |
| Exercise | Common Stock F1 | 5,918 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,678 | $8.66 | $15K |
Holdings After Transaction:
Restricted Stock Units — 95,907 shares (Direct);
Common Stock — 39,059.9 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F2. With tandem dividend equivalent rights and tax withholding rights.
- F3. Includes 3,047 dividend equivalent units that had accrued on the restricted stock units.
- F4. The restricted stock units were granted on August 12, 2025 and vest in two equal installments on the first and second anniversaries of the grant date, subject to Mr. Min's continued employment with the Company on the applicable vesting date. The first installment (including the related dividend equivalent units) vested on August 12, 2026.
- F5. Includes 404 dividend equivalent units that had accrued on the restricted stock units.
- F6. The restricted stock units were granted on August 12, 2025 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Min's continued employment with the Company on the applicable vesting date. The first installment (including the related dividend equivalent units) vested on August 12, 2026.
Key Figures
RSU-derived common shares: 44,404 shares
Additional RSU-derived shares: 5,918 shares
Shares for tax/exercise obligations: 12,589 shares
+5 more
8 metrics
RSU-derived common shares
44,404 shares
Common stock from RSUs vested and converted on August 12, 2026
Additional RSU-derived shares
5,918 shares
Common stock from a second RSU grant vested on August 12, 2026
Shares for tax/exercise obligations
12,589 shares
Common shares delivered or withheld at $8.66 per share (code F)
Additional tax/exercise shares
1,678 shares
Common shares delivered or withheld at $8.66 per share (code F)
Per-share value for code F
$8.66 per share
Price used for payment of exercise price or tax liability
Total exercise shares
50,322 shares
Aggregate shares from derivative exercises/conversions reported
Total shares for tax/price
14,267 shares
Aggregate shares delivered or withheld for exercise price or tax liability
Dividend equivalent units on first grant
3,047 units
Dividend equivalent units accrued on first RSU grant
Key Terms
Restricted Stock Units, dividend equivalent units, tandem dividend equivalent rights, tax withholding rights, +1 more
5 terms
Restricted Stock Units financial
"security title listed as "Restricted Stock Units" with underlying common stock"
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.
dividend equivalent units financial
"Includes 3,047 dividend equivalent units that had accrued on the restricted"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
tandem dividend equivalent rights financial
"With tandem dividend equivalent rights and tax withholding rights."
tax withholding rights financial
"With tandem dividend equivalent rights and tax withholding rights."
Payment of exercise price or tax liability financial
"transaction code F described as Payment of exercise price or tax liability"
FAQ
What insider transactions did Wendy's Co (WEN) report for John Min?
Wendy's Co reported that John Min exercised restricted stock units into 44,404 and 5,918 common shares on August 12, 2026. Some resulting shares were delivered or withheld to cover exercise price or tax liabilities at $8.66 per share.
What equity awards vested for Wendy's Co (WEN) executive John Min?
Restricted stock units granted on August 12, 2025 vested in part on August 12, 2026. The vested amounts totaled 44,404 and 5,918 units, including 3,047 and 404 dividend equivalent units that had accrued on those awards.
Were John Min’s Wendy's Co (WEN) transactions part of a 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox was not marked as an affirming trading plan. Footnotes describe vesting terms and dividend equivalents, but do not state that these transactions occurred under a Rule 10b5-1 trading arrangement.
Do the Wendy's Co (WEN) Form 4 transactions show a net buy or sell by John Min?
The Form 4 reflects exercises of restricted stock units and share deliveries or withholdings for tax or exercise price. The summary shows 50,322 shares from exercises and 14,267 shares for tax or price payments, with overall net buy/sell classified as neutral.
AI-generated analysis. How Rhea-AI works. Not financial advice.
