Wendy's executive receives new RSU awards

Wunsch E.J. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Wunsch E.J. reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co executive E.J. Wunsch received multiple restricted stock unit (RSU) awards as compensation. On June 15, 2026, he was granted RSUs covering 2,404, 481, 220 and 61 underlying shares of common stock at no purchase price, each unit representing a contingent right to one share.

The RSUs carry tandem dividend equivalent and tax withholding rights, and related dividend equivalent units were issued on June 15, 2026. The awards vest over time, with remaining installments scheduled on August 5, 11 and 12 in 2026, and further vesting dates in 2027 and 2028, all conditioned on his continued employment.

Insider Trade Summary

Grant/Award: 3,166 shares

Grant/Award 4 txns

Insider Wunsch E.J.

Role President, International

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	61	$0.00	$0.00
Grant/Award	Restricted Stock Units	220	$0.00	$0.00
Grant/Award	Restricted Stock Units	481	$0.00	$0.00
Grant/Award	Restricted Stock Units	2,404	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 159,424 contracts (Direct)

Footnotes (7)

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 June 15, 2026.
4. F4. The restricted stock units will vest in one remaining installment on August 11, 2026, subject to Mr. Wunsch's continued employment with the Company on the vesting date.
5. F5. The restricted stock units will vest in two remaining equal installments on August 5, 2026 and 2027, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date.
6. F6. The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date.
7. F7. The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date.

Key Figures

RSU grant size: 2,404 units Additional RSU grant: 481 units Additional RSU grant: 220 units +5 more

8 metrics

RSU grant size 2,404 units Restricted stock units granted June 15, 2026

Additional RSU grant 481 units Restricted stock units granted June 15, 2026

Additional RSU grant 220 units Restricted stock units granted June 15, 2026

Additional RSU grant 61 units Restricted stock units granted June 15, 2026

Vesting date (single installment) August 11, 2026 Remaining vesting installment for one RSU award

Vesting dates (two-installment award) August 5, 2026 and 2027 Two remaining equal installments contingent on employment

Vesting dates (three-installment award) August 12, 2026, 2027, 2028 Three equal installments contingent on employment

Vesting dates (two-installment award) August 12, 2026 and 2027 Two equal installments contingent on employment

Key Terms

Restricted Stock Units, dividend equivalent units, tandem dividend equivalent rights, vesting

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.

tandem dividend equivalent rights financial

"With tandem dividend equivalent rights and tax withholding rights."

vesting financial

"The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Wunsch's continued employment."

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 insider transaction did Wendy's Co (WEN) report for E.J. Wunsch?

Wendy's Co reported that E.J. Wunsch received several restricted stock unit grants on June 15, 2026. These derivative awards are compensation-based, carry no purchase price, and each unit represents a contingent right to receive one share of Wendy's common stock.

How many restricted stock units were granted to E.J. Wunsch at Wendy's (WEN)?

E.J. Wunsch received RSU awards covering 2,404, 481, 220 and 61 underlying shares of Wendy's common stock. Each restricted stock unit corresponds to one share, providing equity-based compensation that vests over future dates if he remains employed by the company.

When do the newly granted Wendy's (WEN) RSUs to E.J. Wunsch vest?

The RSUs vest in installments, with remaining vesting dates on August 11, 2026; August 5, 2026 and 2027; and August 12, 2026, 2027 and 2028. Vesting is conditioned on Mr. Wunsch’s continued employment with Wendy’s on each applicable vesting date.

What do Wendy's (WEN) restricted stock units represent for E.J. Wunsch?

Each restricted stock unit granted to E.J. Wunsch represents a contingent right to receive one share of Wendy’s common stock. These awards are part of his equity compensation and only convert into shares as they vest, assuming his continued employment with the company.

Do the Wendy's (WEN) RSU grants to E.J. Wunsch include dividend rights?

The RSUs include tandem dividend equivalent rights and tax withholding rights, with dividend equivalent units issued on June 15, 2026. These equivalents mirror dividends on underlying shares, accumulating as additional units rather than immediate cash until the RSUs vest and settle.

Is the Form 4 for Wendy's (WEN) a stock purchase or sale by E.J. Wunsch?

The Form 4 shows grant or award acquisitions of restricted stock units, not open-market stock purchases or sales. The transactions are coded as “A,” representing compensation-related awards that provide future rights to Wendy’s shares without any immediate cash transaction.

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

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Accepted by SEC EDGAR 06/17/2026 - 05:39 PM EDT 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^*

Wunsch E.J.

(Last) (First) (Middle)

C/O THE WENDY'S COMPANY

ONE DAVE THOMAS BOULEVARD

(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)

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

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)
			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)	06/15/2026		A		61(3)		(4)	(4)	Common Stock	61	$0	156,319	D
Restricted Stock Units(1)	(2)	06/15/2026		A		220(3)		(5)	(5)	Common Stock	220	$0	156,539	D
Restricted Stock Units(1)	(2)	06/15/2026		A		481(3)		(6)	(6)	Common Stock	481	$0	157,020	D
Restricted Stock Units(1)	(2)	06/15/2026		A		2,404(3)		(7)	(7)	Common Stock	2,404	$0	159,424	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 June 15, 2026.

4. The restricted stock units will vest in one remaining installment on August 11, 2026, subject to Mr. Wunsch's continued employment with the Company on the vesting date.

5. The restricted stock units will vest in two remaining equal installments on August 5, 2026 and 2027, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date.

6. The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date.

7. The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date.

	/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)