Wendy's Co (NASDAQ: WEN) CAO awarded 54,437 options and 7,884 RSUs
Rhea-AI Filing Summary
Wendy's Co Chief Accounting Officer Aaron M. Kale reported multiple equity compensation transactions. Previously granted restricted stock units covering 1,748 shares of common stock, including 296 dividend equivalent units, vested and were converted into common shares, with 499 shares delivered or withheld for payment of exercise price or tax liability. Kale also received a new grant of 54,437 employee stock options at an exercise price of $7.55 per share and 7,884 new restricted stock units, both scheduled to vest in three equal installments on August 11, 2027, 2028 and 2029, subject to continued employment.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 1,249 shares
Net Buy
5 txns
Insider
Kale Aaron M.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F3, F4 | 1,748 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (Right to Buy) F5, F6 | 54,437 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F2, F1, F7 | 7,884 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,748 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 499 | $7.55 | $4K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 54,437 shares (Direct);
Restricted Stock Units — 15,945 shares (Direct);
Common Stock — 12,828 shares (Direct)
Footnotes (7)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F2. With tandem dividend equivalent rights and tax withholding rights.
- F3. Includes 296 dividend equivalent units that had accrued on the restricted stock units.
- F4. The restricted stock units were granted on August 11, 2023 and vested in three equal installments on the first, second and third anniversaries of the grant date. The first, second and third installments (including the related dividend equivalent units) vested on August 11, 2024, 2025 and 2026, respectively.
- F5. With tandem net exercise and tax withholding rights.
- F6. The option vests in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Kale's continued employment with the Company on the applicable vesting date.
- F7. The restricted stock units will vest in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Kale's continued employment with the Company on the applicable vesting date.
Key Figures
RSUs converted: 1,748 shares
Dividend equivalent units: 296 units
Shares for exercise price or tax: 499 shares at $7.55
+2 more
5 metrics
RSUs converted
1,748 shares
Restricted stock units converted into Wendy's common stock on August 11, 2026
Dividend equivalent units
296 units
Portion of the RSUs that had accrued as dividend equivalent units
Shares for exercise price or tax
499 shares at $7.55
Shares delivered or withheld for payment of exercise price or tax liability
Stock options granted
54,437 options at $7.55
Employee stock options granted to Aaron M. Kale
RSUs granted
7,884 units
New restricted stock units granted, vesting 2027–2029
Key Terms
Restricted Stock Units, dividend equivalent units, tax withholding rights, tandem net exercise
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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
"Includes 296 dividend equivalent units that had accrued on the restricted"
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.
tax withholding rights financial
"With tandem dividend equivalent rights and tax withholding rights"
tandem net exercise financial
"With tandem net exercise and tax withholding rights"
FAQ
What equity awards did Wendy's Co (WEN) Chief Accounting Officer Aaron M. Kale receive?
Aaron M. Kale received 54,437 employee stock options at an exercise price of $7.55 per share and 7,884 restricted stock units. Both awards vest in three equal installments on August 11, 2027, 2028 and 2029, contingent on his continued employment.
What happened with Aaron M. Kale’s previously granted RSUs at Wendy's Co (WEN)?
Previously granted restricted stock units for 1,748 shares of common stock, including 296 dividend equivalent units, vested and were converted into common shares. These RSUs were originally granted on August 11, 2023 and vested in three equal installments in 2024, 2025 and 2026.
What are the vesting terms of Aaron M. Kale’s new Wendy's Co (WEN) stock options?
The 54,437 stock options granted to Aaron M. Kale vest in three equal installments on August 11, 2027, 2028 and 2029. Vesting is expressly conditioned on Mr. Kale’s continued employment with Wendy's Co on each applicable vesting date.
When will Aaron M. Kale’s new restricted stock units at Wendy's Co (WEN) vest?
The 7,884 restricted stock units granted to Aaron M. Kale will vest in three equal installments on August 11, 2027, 2028 and 2029. Each installment is subject to his continued employment with Wendy's Co on the respective vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
