Wendy's Co (WEN) director granted additional restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

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

Wendy's Co director Wendy C. Arlin reported new equity compensation in the form of restricted stock units (RSUs). On June 15, 2026, she received awards covering 424, 301 and 209 RSUs, each representing a right to receive one share of common stock. Some of these RSUs are dividend equivalent units issued on June 15, 2026, tied to prior awards that vested in full on May 21, 2025 and May 20, 2026, with shares to be delivered when she leaves the board. Another RSU grant will vest in full on the earlier of May 20, 2027 or the 2027 annual stockholders meeting, with delivery also deferred until her service as a director ends. Following these awards, she directly holds 47,105 RSUs.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Arlin Wendy C.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	209	$0.00	--
Grant/Award	Restricted Stock Units	301	$0.00	--
Grant/Award	Restricted Stock Units	424	$0.00	--

Holdings After Transaction: Restricted Stock Units — 46,380 shares (Direct, null)

Footnotes (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 June 15, 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 vested in full on May 20, 2026. 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 20, 2027 or the date of the Company's 2027 annual meeting of stockholders. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company.

Key Figures

RSU award 1: 424 RSUs RSU award 2: 301 RSUs RSU award 3: 209 RSUs +5 more

8 metrics

RSU award 1 424 RSUs Granted June 15, 2026

RSU award 2 301 RSUs Granted June 15, 2026

RSU award 3 209 RSUs Granted June 15, 2026

Total RSUs held 47,105 RSUs Direct holdings following awards

Prior vesting date 1 May 21, 2025 RSUs vested in full

Prior vesting date 2 May 20, 2026 RSUs vested in full

Future vesting date May 20, 2027 RSUs will vest no later than this date

Dividend equivalent issue date June 15, 2026 Dividend equivalent units issued

Key Terms

Restricted Stock Units, dividend equivalent units, vested in full, termination as a director

4 terms

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 units financial

"Represents dividend equivalent units issued on June 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.

vested in full financial

"The restricted stock units vested in full on May 21, 2025."

termination as a director financial

"Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company."

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Form 4 Insider Transactions: What Each Field Means →

06/17/2026 - 05:28 PM

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/15/2026		A		209⁽²⁾		⁽³⁾	⁽³⁾	Common Stock	209	$0	46,380	D
Restricted Stock Units	⁽¹⁾	06/15/2026		A		301⁽²⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	301	$0	46,681	D
Restricted Stock Units	⁽¹⁾	06/15/2026		A		424⁽²⁾		⁽⁵⁾	⁽⁵⁾	Common Stock	424	$0	47,105	D

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 June 15, 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 vested in full on May 20, 2026. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company.

5. The restricted stock units will vest in full on the earlier of May 20, 2027 or the date of the Company's 2027 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-Fact	06/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Wendy's Co (WEN) report for Wendy C. Arlin?

Wendy C. Arlin reported receiving additional restricted stock units as equity compensation. The Form 4 shows three RSU awards granted on June 15, 2026, increasing her direct holdings and reflecting ongoing board-related stock-based compensation.

How many restricted stock units did Wendy C. Arlin receive in the latest Wendy's Co Form 4?

She received three RSU awards covering 424, 301 and 209 units. Each restricted stock unit represents a contingent right to receive one share of Wendy's Co common stock, increasing her equity-based compensation position as a company director.

What does each restricted stock unit represent for Wendy's Co director Wendy C. Arlin?

Each restricted stock unit represents a contingent right to receive one share of Wendy's Co common stock. These awards do not involve cash payment and convert into actual shares when the vesting and delivery conditions are satisfied under the company’s plans.

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

Certain RSUs vested in full on May 21, 2025 and May 20, 2026, while another grant will vest on the earlier of May 20, 2027 or the 2027 annual meeting. Vested shares will be delivered after her termination as a director.

What are dividend equivalent units in Wendy's Co director Wendy C. Arlin’s Form 4?

Dividend equivalent units are additional RSUs issued to mirror dividends on underlying shares. The filing notes some of Ms. Arlin’s RSUs are dividend equivalent units issued on June 15, 2026, credited in connection with existing restricted stock unit awards.

How many restricted stock units does Wendy C. Arlin hold after these Wendy's Co transactions?

After the June 15, 2026 RSU awards, Wendy C. Arlin directly holds 47,105 restricted stock units. These RSUs correspond to future rights to receive Wendy's Co common shares, subject to vesting and deferred share delivery conditions.