Wendy's Co (WEN) awards 109,732 stock options and 15,894 RSUs to Liliana Esposito
Rhea-AI Filing Summary
Wendy's Co executive Liliana Esposito, Chief Corporate Affairs & Sustainability Officer, reported multiple equity transactions dated August 11, 2026. A prior grant of restricted stock units totaling 1,748 units (including 296 dividend equivalent units) vested and was converted into an equal number of common shares, with 499 shares delivered or withheld for payment of exercise price or tax liability. On the same date, she received a new grant of employee stock options covering 109,732 shares at an exercise price of $7.55 per share, vesting in three equal installments in 2027, 2028 and 2029, and expiring on August 11, 2036. She was also granted 15,894 restricted stock units, scheduled to vest in three equal installments on August 11, 2027, 2028 and 2029, each unit representing one share of common stock with tandem dividend equivalent and tax withholding rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,249 shares
Net Buy
5 txns
Insider
Esposito Liliana
Role
Chf Corp Affrs & Sustnblty Ofc
| 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 | 109,732 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F2, F1, F7 | 15,894 | $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) — 109,732 shares (Direct);
Restricted Stock Units — 94,665 shares (Direct);
Common Stock — 95,938 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 Ms. Esposito'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 Ms. Esposito's continued employment with the Company on the applicable vesting date.
Key Figures
RSUs vested: 1,748 units
Shares withheld: 499 shares
New stock options granted: 109,732 shares at $7.55
+3 more
6 metrics
RSUs vested
1,748 units
Restricted stock units (including 296 dividend equivalent units) converted to common stock on August 11, 2026
Shares withheld
499 shares
Common shares delivered or withheld for payment of exercise price or tax liability
New stock options granted
109,732 shares at $7.55
Employee stock option grant on August 11, 2026, vesting 2027-2029, expiring August 11, 2036
New RSUs granted
15,894 units
Restricted stock units granted August 11, 2026, vesting in three equal installments 2027-2029
Dividend equivalent units
296 units
Dividend equivalent units accrued on restricted stock units included in the 1,748-unit vesting
Option expiration
August 11, 2036
Expiration date of the 109,732-share employee stock option grant
Key Terms
Restricted Stock Units, dividend equivalent units, net exercise, tax withholding rights
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.
net exercise financial
"With tandem net exercise and tax withholding rights."
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
tax withholding rights financial
"With tandem dividend equivalent rights and tax withholding rights."
FAQ
What equity awards did Wendy's Co (WEN) grant to Liliana Esposito on August 11, 2026?
On August 11, 2026, Liliana Esposito received 109,732 employee stock options at $7.55 per share and 15,894 restricted stock units. Both awards vest in three equal annual installments from 2027 through 2029, subject to continued employment.
What happened to Liliana Esposito’s previously granted RSUs reported by Wendy's Co (WEN)?
Previously granted restricted stock units totaling 1,748 units, including 296 dividend equivalent units, vested on August 11, 2026. They were converted into an equal number of common shares, reflecting the final installment of a 2023 award vesting over three years.
What are the vesting terms of Liliana Esposito’s new Wendy's Co (WEN) stock options?
The 109,732 stock options granted at an exercise price of $7.55 per share vest in three equal installments on August 11, 2027, 2028 and 2029. Vesting is contingent on Ms. Esposito’s continued employment on each applicable vesting date.
How do Liliana Esposito’s new RSUs from Wendy's Co (WEN) vest over time?
The 15,894 restricted stock units granted to Ms. Esposito will vest in three equal installments on August 11, 2027, 2028 and 2029. Each unit represents one share of common stock and carries tandem dividend equivalent and tax withholding rights.
What role does Liliana Esposito hold at Wendy's Co (WEN) in this Form 4 filing?
Liliana Esposito is identified as an officer of Wendy’s Co with the title Chief Corporate Affairs & Sustainability Officer. The reported equity transactions relate to her compensation in this executive capacity, including options and restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
