Wendy's (WEN) U.S. President receives RSU grants with 2026–2028 vesting

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Suerken Peter J. JR reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co President, U.S. Peter J. Suerken received new equity awards in the form of restricted stock units (RSUs). On March 16, 2026, he was granted 2,840 RSUs with dividend equivalent and tax withholding rights, which will vest in full on July 22, 2027, subject to continued employment.

He also received 456 dividend equivalent RSUs issued on March 16, 2026, scheduled to vest in three equal installments on August 12, 2026, 2027 and 2028, again requiring ongoing employment. After these awards, his directly held RSU-based interest in Wendy’s common stock rose to 169,051 units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Suerken Peter J. JR

Role President, U.S.

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	2,840	$0.00	--
Grant/Award	Restricted Stock Units	456	$0.00	--

Holdings After Transaction: Restricted Stock Units — 168,595 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 March 16, 2026. The restricted stock units will vest in full on July 22, 2027, subject to Mr. Suerken'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. Suerken's continued employment with the Company on the applicable vesting date.

Form 4 Insider Transactions: What Each Field Means →

03/18/2026 - 06:01 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
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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^*

Suerken Peter J. JR

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, U.S.

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)
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⁾	⁽²⁾	03/16/2026		A		2,840⁽³⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	2,840	$0	168,595	D
Restricted Stock Units⁽¹⁾	⁽²⁾	03/16/2026		A		456⁽³⁾		⁽⁵⁾	⁽⁵⁾	Common Stock	456	$0	169,051	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 full on July 22, 2027, subject to Mr. Suerken's continued employment with the Company on the vesting date.

5. The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Suerken'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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Wendy's (WEN) President Peter J. Suerken report in this Form 4?

Peter J. Suerken reported receiving two grants of restricted stock units (RSUs) tied to Wendy’s common stock. These awards are part of his equity compensation and increase his RSU-based position, aligning his interests with long-term company performance through time-based vesting conditions.

How many restricted stock units did Wendy's (WEN) President receive?

He received 2,840 restricted stock units and 456 dividend equivalent restricted stock units on March 16, 2026. Each RSU represents a contingent right to one share of Wendy’s common stock, subject to specific vesting schedules and his continued employment with the company on applicable vesting dates.

When do Peter J. Suerken’s new Wendy's (WEN) RSUs vest?

The 2,840 RSUs vest in full on July 22, 2027, subject to his continued employment. The 456 dividend equivalent RSUs vest in three equal installments on August 12, 2026, 2027 and 2028, also conditioned on his ongoing employment with Wendy’s on each vesting date.

What does each Wendy's (WEN) restricted stock unit represent in this filing?

Each restricted stock unit represents a contingent right to receive one share of Wendy’s common stock. The awards include tandem dividend equivalent rights and tax withholding rights, meaning related dividend units can accrue and shares may be withheld to satisfy associated tax obligations upon settlement.

How many Wendy's (WEN) RSUs does Peter J. Suerken hold after these grants?

Following the reported March 16, 2026 grants, his total directly held RSU-based interest increased first to 168,595 units, then to 169,051 units. These figures reflect cumulative restricted stock unit holdings tied to Wendy’s common stock as disclosed in the Form 4 after the reported acquisitions.

Are Peter J. Suerken’s Wendy's (WEN) RSU grants open-market purchases or compensation awards?

The RSU transactions are coded as “A” for grant, award, or other acquisition, indicating compensation-related equity awards rather than open-market share purchases. They are derivative awards that convert into common stock only upon satisfying the specified time-based vesting conditions.