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Wendy's Co (WEN) awards new restricted stock units to Chief Legal Officer

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

Rhea-AI Filing Summary

Min John reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co reported that Chief Legal Officer and Secretary John Min received three awards of restricted stock units on June 15, 2026. The grants cover 1,764, 353 and 314 units, each representing a contingent right to one share of common stock. These units carry dividend equivalent and tax withholding rights and vest between August 12, 2026 and August 12, 2028, with one award vesting fully on September 16, 2027, all subject to his continued employment.

Positive

  • None.

Negative

  • None.
Insider Min John
Role Chief Legal Ofcr & Secretary
Type Security Shares Price Value
Grant/Award Restricted Stock Units 314 $0.00 --
Grant/Award Restricted Stock Units 353 $0.00 --
Grant/Award Restricted Stock Units 1,764 $0.00 --
Holdings After Transaction: Restricted Stock Units — 120,271 shares (Direct, null)
Footnotes (1)
  1. With tandem dividend equivalent rights and tax withholding rights. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. Represents dividend equivalent units issued on June 15, 2026. The restricted stock units will vest in full on September 16, 2027, subject to Mr. Min's continued employment with the Company on the vesting date. The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Min's continued employment with the Company on the applicable vesting date. The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
RSU grant 1 1,764 units Restricted stock units granted on June 15, 2026
RSU grant 2 353 units Restricted stock units granted on June 15, 2026
RSU grant 3 314 units Restricted stock units granted on June 15, 2026
Shares per RSU 1 share per unit Each restricted stock unit converts into one common share upon vesting
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's 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.
tax withholding rights financial
"With tandem dividend equivalent rights and tax withholding rights."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's common stock."
vest in full financial
"The restricted stock units will vest in full on September 16, 2027, subject to Mr. Min's continued employment with the Company on the vesting date."
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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*
Min John
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Ofcr & Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		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)(2)06/15/2026A314(3) (4) (4)Common Stock314$0120,271D
Restricted Stock Units(1)(2)06/15/2026A353(3) (5) (5)Common Stock353$0120,624D
Restricted Stock Units(1)(2)06/15/2026A1,764(3) (6) (6)Common Stock1,764$0122,388D
Explanation of Responses:
1. With tandem dividend equivalent rights and tax withholding rights.
2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
3. Represents dividend equivalent units issued on June 15, 2026.
4. The restricted stock units will vest in full on September 16, 2027, subject to Mr. Min's continued employment with the Company on the vesting date.
5. The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
6. The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
/s/ Mark L. Johnson, Attorney-in-Fact06/17/2026
** 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 Co (WEN) disclose about John Min's latest equity awards?

Wendy's Co disclosed that Chief Legal Officer John Min received three grants of restricted stock units on June 15, 2026. The awards total several thousand units, each convertible into common stock, as part of his ongoing equity-based compensation package.

How many restricted stock units did John Min receive in the June 2026 Form 4?

John Min received three separate restricted stock unit awards of 1,764 units, 353 units and 314 units. Each restricted stock unit represents a contingent right to receive one share of Wendy’s Co common stock, subject to future vesting conditions tied to continued employment.

When do John Min’s new Wendy's Co restricted stock units vest?

One restricted stock unit grant vests fully on September 16, 2027. The other two grants vest in scheduled installments on August 12, 2026, 2027 and 2028, or in two equal installments on August 12, 2026 and 2027, if he remains employed on those dates.

What does each restricted stock unit in Wendy's Co Form 4 represent?

Each restricted stock unit represents a contingent right to receive one share of Wendy’s Co common stock. The units include tandem dividend equivalent rights and tax withholding rights and only convert into actual shares once the specified vesting conditions are satisfied.

Are John Min’s new Wendy's Co equity awards open-market purchases or compensation grants?

The reported transactions are compensation grants classified as awards of restricted stock units. They are coded as “A” transactions for grant, award, or other acquisition, not open-market stock purchases or sales, and form part of his long-term incentive compensation.