Wendy's Co (NASDAQ: WEN) CAO receives 1,415 shares, 404 withheld
Rhea-AI Filing Summary
Wendy's Co Chief Accounting Officer Aaron M. Kale reported the vesting and conversion of 1,415 restricted stock units into 1,415 shares of common stock on August 5, 2026, including 168 dividend equivalent units. Of these, 404 shares were delivered or withheld for payment of exercise price or tax liability, and he continues to hold 9,809 restricted stock units in total from this award granted on August 5, 2024, which vests in three equal annual installments.
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Insider Trade Summary
Net Buyer: 1,011 shares
Net Buy
3 txns
Insider
Kale Aaron M.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F3, F4 | 1,415 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,415 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 404 | $7.99 | $3K |
Holdings After Transaction:
Restricted Stock Units — 9,809 shares (Direct);
Common Stock — 11,579 shares (Direct)
Footnotes (4)
- 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 168 dividend equivalent units that had accrued on the restricted stock units.
- F4. The restricted stock units were granted on August 5, 2024 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Kale's continued employment with the Company on the applicable vesting date. The first and second installments (including the related dividend equivalent units) vested on August 5, 2025 and 2026, respectively.
Key Figures
Restricted stock units converted: 1,415 units
Common shares acquired: 1,415 shares
Shares delivered/withheld for exercise price or tax liability: 404 shares
+5 more
8 metrics
Restricted stock units converted
1,415 units
RSUs converted into common stock on August 5, 2026
Common shares acquired
1,415 shares
Common stock acquired upon RSU conversion on August 5, 2026
Shares delivered/withheld for exercise price or tax liability
404 shares
Code F transaction in common stock on August 5, 2026
Price per share for Code F transaction
$7.99 per share
Per-share value for 404 shares delivered or withheld for exercise price or tax liability
Restricted stock units held after transaction
9,809 units
Total RSUs reported as held following the derivative transaction
Dividend equivalent units included
168 units
Dividend equivalent units accrued on the restricted stock units that vested
RSU grant date
August 5, 2024
Grant date of the restricted stock units vesting over three annual installments
Number of vesting installments
3 installments
RSUs vest in three equal installments on the first, second and third anniversaries of grant
Key Terms
Restricted Stock Units, dividend equivalent rights, dividend equivalent units, tax withholding rights
4 terms
Restricted Stock Units financial
"Security title reported as Restricted Stock Units representing rights to 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 rights financial
"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.
dividend equivalent units financial
"Includes 168 dividend equivalent units that had accrued on the restricted stock units."
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.
tax withholding rights financial
"With tandem dividend equivalent rights and tax withholding rights."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Wendy's Co (WEN) report for Aaron M. Kale?
Wendy's Co reported that Chief Accounting Officer Aaron M. Kale had 1,415 restricted stock units vest and convert into common stock on August 5, 2026. The filing also shows a related share withholding transaction for payment of exercise price or tax liability.
What are restricted stock units in the Wendy's Co (WEN) Form 4 for Aaron M. Kale?
Each restricted stock unit in this Wendy's Co Form 4 represents a contingent right to receive one share of common stock. The award includes tandem dividend equivalent rights and tax withholding rights, meaning additional units and shares can accrue and be withheld in connection with vesting.
When do Aaron M. Kale’s Wendy's Co (WEN) restricted stock units vest?
The reported restricted stock units were granted on August 5, 2024 and vest in three equal installments on the first, second and third anniversaries of that date, subject to continued employment. The first and second installments vested on August 5, 2025 and August 5, 2026, respectively.
How many restricted stock units does Aaron M. Kale hold after this Wendy's Co (WEN) transaction?
After the reported vesting and conversion, Aaron M. Kale is shown as holding 9,809 restricted stock units. This figure reflects his remaining position in the derivative security following the August 5, 2026 transaction sequence reported in the Form 4.