Wendy's Co (WEN) president receives new restricted stock unit awards

Rhea-AI Filing Summary

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

Wendy's Co reported that President, International E.J. Wunsch received several grants of restricted stock units on March 16, 2026, including awards of 59, 211, 463 and 2,314 units, each representing one share of common stock. Following these compensation awards, he directly holds 156,258 restricted stock units. Footnotes state that some units are dividend equivalent awards and that the grants vest in installments between August 2026 and August 2028, contingent on his continued employment.

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

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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)
03/16/2026

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)	03/16/2026		A		59(3)		(4)	(4)	Common Stock	59	$0	153,270	D
Restricted Stock Units(1)	(2)	03/16/2026		A		211(3)		(5)	(5)	Common Stock	211	$0	153,481	D
Restricted Stock Units(1)	(2)	03/16/2026		A		463(3)		(6)	(6)	Common Stock	463	$0	153,944	D
Restricted Stock Units(1)	(2)	03/16/2026		A		2,314(3)		(7)	(7)	Common Stock	2,314	$0	156,258	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 March 16, 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	03/18/2026
	** 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)

FAQ

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

E.J. Wunsch received multiple restricted stock unit grants as compensation. On March 16, 2026, he was awarded several RSU blocks tied to Wendy's common stock, increasing his direct holdings to 156,258 restricted stock units subject to future vesting conditions.

How many restricted stock units does E.J. Wunsch hold after the latest WEN Form 4?

After the reported grants, E.J. Wunsch holds 156,258 restricted stock units. Each unit represents a contingent right to one share of Wendy's common stock, giving him significant equity-based exposure that will convert into shares only as the awards vest over time.

What are the vesting terms of the new Wendy's Co (WEN) restricted stock units?

The restricted stock units vest in installments from August 2026 through August 2028. Footnotes state remaining or equal installments on August 5, August 11, and August 12 in 2026, 2027 and 2028, all conditioned on E.J. Wunsch’s continued employment with the company.

Are any of the new WEN restricted stock units dividend equivalent awards?

Yes, some units are described as dividend equivalent units issued March 16, 2026. These awards mirror dividends paid on Wendy’s common stock, accumulating additional RSU units alongside the main grants, and are paired with related tax withholding rights per the footnotes.

Did E.J. Wunsch buy or sell Wendy's Co (WEN) shares in this Form 4?

No open-market buys or sells were reported; all transactions were RSU grants. The Form 4 shows derivative awards coded as “A” for grant or award acquisition, reflecting equity compensation rather than discretionary trading activity in Wendy’s common stock.