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[Form 4] Wendy's Co Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Arlin Wendy C. reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co director Wendy C. Arlin received restricted stock unit awards that increase her potential future ownership in the company. On March 16, 2026, she was granted 291 restricted stock units and 201 restricted stock units as dividend equivalent units, both at no cash cost.

Each restricted stock unit represents the right to receive one share of common stock. According to the award terms, some units had previously vested on May 21, 2025, with shares to be delivered when she leaves the board, while another grant will vest on the earlier of May 21, 2026 or the 2026 annual shareholder meeting.

Positive

  • None.

Negative

  • None.
Insider Arlin Wendy C.
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 201 $0.00 --
Grant/Award Restricted Stock Units 291 $0.00 --
Holdings After Transaction: Restricted Stock Units — 24,913 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. Represents dividend equivalent units issued on March 16, 2026. The restricted stock units vested in full on May 21, 2025. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company. The restricted stock units will vest in full on the earlier of May 21, 2026 or the date of the Company's 2026 annual meeting of stockholders. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Arlin Wendy C.
(Last)(First)(Middle)
C/O THE WENDY'S COMPANY
ONE DAVE THOMAS BLVD.
(Street)
DUBLIN OHIO 43017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Wendy's Co [ WEN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)03/16/2026A201(2) (3) (3)Common Stock201$024,913D
Restricted Stock Units(1)03/16/2026A291(2) (4) (4)Common Stock291$025,204D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
2. Represents dividend equivalent units issued on March 16, 2026.
3. The restricted stock units vested in full on May 21, 2025. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company.
4. The restricted stock units will vest in full on the earlier of May 21, 2026 or the date of the Company's 2026 annual meeting of stockholders. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company.
/s/ Mark L. Johnson, Attorney-in-Fact03/18/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Wendy's (WEN) director Wendy C. Arlin receive in this Form 4?

Wendy C. Arlin received restricted stock unit awards from Wendy's Co. The Form 4 shows 291 restricted stock units and 201 dividend equivalent units, each representing the right to receive one share of Wendy's common stock in the future.

How many restricted stock units were granted to Wendy C. Arlin at Wendy's (WEN)?

The Form 4 reports grants of 291 restricted stock units and 201 restricted stock units as dividend equivalent units. Both awards are recorded at a price of $0.0000 per unit, reflecting non-cash, equity-based director compensation.

What do the restricted stock units for Wendy's (WEN) director represent?

Each unit represents a contingent right to receive one share of Wendy's common stock. This means Ms. Arlin can receive actual shares in the future once the vesting and delivery conditions described in the award terms are satisfied.

When do Wendy C. Arlin’s Wendy's (WEN) restricted stock units vest and settle?

One set of restricted stock units vested in full on May 21, 2025, with shares delivered when she leaves the board. Another grant will vest on the earlier of May 21, 2026 or the 2026 annual meeting, with similar delivery timing.

What are dividend equivalent units in the Wendy's (WEN) Form 4?

Dividend equivalent units are additional restricted stock units granted to mirror cash dividends on underlying awards. The filing notes that 201 units were issued on March 16, 2026 as dividend equivalent units tied to Ms. Arlin’s existing equity awards.

Is Wendy C. Arlin buying or selling Wendy's (WEN) shares in this Form 4?

The Form 4 shows no open-market buying or selling of Wendy's shares. Instead, it records equity compensation grants coded as awards (transaction code A), which increase Ms. Arlin’s potential future share ownership without any cash transaction.