Wendy's CEO receives 1,131 stock units

Wendy's CEO received a new grant of 1,131 RSUs that will vest annually from 2027 to 2029, increasing his outstanding restricted stock units to 121,633.

Rhea-AI Filing Summary

Wendy's Co (symbol: WEN) is the issuer of record for a Form 4 filing submitted to the SEC. Wright Robert D. reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co (WEN) reported that President & CEO Robert D. Wright received an award of 1,131 Restricted Stock Units on September 15, 2026. Each unit represents one share of common stock and includes tandem dividend equivalent and tax withholding rights. The RSUs vest in three equal installments on August 11, 2027, 2028 and 2029, subject to his continued employment, bringing his directly held RSUs to 121,633 units after this grant. No Rule 10b5-1 trading plan is reported for this award.

Insider Trade Summary

Grant/Award: 1,131 shares

Grant/Award 1 txn

Insider Wright Robert D.

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2, F3, F4	1,131	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 121,633 contracts (Direct)

Footnotes (4)

1. F1. With tandem dividend equivalent rights and tax withholding rights.
2. F2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
3. F3. Represents dividend equivalent units issued on September 15, 2026.
4. F4. The restricted stock units will vest in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Wright's continued employment with the Company on the applicable vesting date.

Key Figures

RSUs granted: 1,131 units RSU holdings after transaction: 121,633 units Vesting installments: 3 equal installments +2 more

5 metrics

RSUs granted 1,131 units Restricted Stock Units awarded to President & CEO on September 15, 2026

RSU holdings after transaction 121,633 units Total Restricted Stock Units directly held by Robert D. Wright after the grant

Vesting installments 3 equal installments RSUs vest on August 11, 2027, 2028 and 2029, subject to continued employment

Per-installment vesting amount 377 units Each of the three vesting dates covers one-third of the 1,131 RSUs

Exercise or conversion price $0.00 per unit RSU award granted without cash exercise price

Key Terms

Restricted Stock Units, dividend equivalent rights, tax withholding rights, dividend equivalent units, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

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"

dividend equivalent units financial

"Represents dividend equivalent units issued on September 15, 2026"

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.

vesting financial

"The restricted stock units will vest in three equal installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did Wendy's (WEN) CEO Robert D. Wright receive on September 15, 2026?

He received 1,131 Restricted Stock Units, each representing a contingent right to one share of Wendy's common stock, with tandem dividend equivalent rights and tax withholding rights, granted on September 15, 2026.

How do the new RSUs for the Wendy's (WEN) CEO vest?

The 1,131 RSUs will vest in three equal installments on August 11, 2027, 2028 and 2029, and each installment is subject to Robert D. Wright’s continued employment on the applicable vesting date.

What is the CEO’s total RSU holdings in Wendy's (WEN) after this Form 4 transaction?

Following this award, Robert D. Wright holds 121,633 Restricted Stock Units directly. Each RSU represents a contingent right to receive one share of Wendy's common stock, subject to applicable vesting conditions.

Were the new Wendy's (WEN) CEO RSUs granted under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and no footnote states that this RSU grant was made pursuant to a Rule 10b5-1 trading plan.

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

The 1,131 RSUs represent dividend equivalent units issued on September 15, 2026. They carry tandem dividend equivalent rights, meaning they are credited based on dividends that would have been paid on an equivalent number of common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 04:46 PM Accepted by SEC EDGAR 09/17/2026 - 04:45 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Wright Robert D.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	(2)	09/15/2026		A		1,131(3)		(4)	(4)	Common Stock	1,131	$0	121,633	D

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 September 15, 2026.

4. The restricted stock units will vest in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Wright's continued employment with the Company on the applicable vesting date.

	/s/ Mark L. Johnson, Attorney-in-Fact	09/17/2026
	** Signature of Reporting Person	Date
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)