Wendy's Co (WEN) interim CEO, CFO granted new dividend RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wendy's CoDecember 15, 2025, he received three separate grants of dividend-equivalent restricted stock units covering 299, 285, and 2,561 units, each representing a contingent right to receive one share of common stock at no exercise price. These units carry dividend equivalent and tax withholding rights.
The units have different vesting schedules. One grant vests in full on December 2, 2027, another vests in three equal installments on August 12, 2026, 2027, and 2028, and the third vests in two equal installments on August 12, 2026 and 2027, all subject to Mr. Cook’s continued employment with the company on the applicable vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cook Kenneth M.
Role
Interim CEO and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 299 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 285 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,561 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 185,223 shares (Direct)
Footnotes (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 December 15, 2025. The restricted stock units will vest in full on December 2, 2027, subject to Mr. Cook'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. Cook'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. Cook's continued employment with the Company on the applicable vesting date.