Wendy's Co (NASDAQ: WEN) president vests RSUs, transfers shares in divorce
Rhea-AI Filing Summary
Wendy's Co President, International E.J. Wunsch exercised 5,529 restricted stock units into the same number of common shares on August 5, 2026. Of these, 1,568 shares were delivered or withheld at $7.99 per share for payment of exercise price or tax liability. Earlier, on March 27, 2026, he transferred 2,801 shares to his former spouse under a domestic relations order.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 1,160 shares
Net Buy
4 txns
Insider
Wunsch E.J.
Role
President, International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F2, F4, F5 | 5,529 | $0.00 | $0.00 |
| Exercise | Common Stock F2 | 5,529 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,568 | $7.99 | $13K |
| Other | Common Stock F1 | 2,801 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 153,895 shares (Direct);
Common Stock — 79,788 shares (Direct)
Footnotes (5)
- F1. On March 27, 2026, the reporting person transferred 2,801 shares of the Company's common stock to his former spouse pursuant to a domestic relations order. Following this transfer, the reporting person held 75,827 shares of the Company's common stock.
- F2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F3. With tandem dividend equivalent rights and tax withholding rights.
- F4. Includes 664 dividend equivalent units that had accrued on the restricted stock units.
- F5. The restricted stock units were granted on August 5, 2024 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Wunsch's continued employment with the Company on the applicable vesting date. The first and second installments (including the related dividend equivalent units) vested on August 5, 2025 and 2026, respectively.
Key Figures
Restricted stock units converted: 5,529 units
Shares delivered/withheld for exercise price or taxes: 1,568 shares
Code F transaction price: $7.99 per share
+3 more
6 metrics
Restricted stock units converted
5,529 units
RSUs converted into common stock on August 5, 2026
Shares delivered/withheld for exercise price or taxes
1,568 shares
Code F transaction at $7.99 per share on August 5, 2026
Code F transaction price
$7.99 per share
Price applied to 1,568 shares delivered or withheld
Shares transferred to former spouse
2,801 shares
Transfer under a domestic relations order on March 27, 2026
Common shares held after divorce transfer
75,827 shares
Post-transfer Wendy's Co common stock holdings on March 27, 2026
RSUs held after August 5, 2026 vesting
153,895 units
Restricted stock units remaining following the reported conversion
Key Terms
Restricted Stock Units, dividend equivalent units, domestic relations order, tandem dividend equivalent 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 664 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.
domestic relations order regulatory
"transferred 2,801 shares of the Company's common stock to his former spouse pursuant to a domestic relations order"
tandem dividend equivalent rights financial
"With tandem dividend equivalent rights and tax withholding rights."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Wendy's Co (WEN) report for E.J. Wunsch?
E.J. Wunsch exercised 5,529 restricted stock units into common stock on August 5, 2026, with 1,568 shares delivered or withheld at $7.99 per share. On March 27, 2026, he transferred 2,801 shares to a former spouse under a domestic relations order.
How many Wendy's Co (WEN) RSUs did E.J. Wunsch convert, and what remains?
He converted 5,529 restricted stock units into common shares. After this vesting, he held 153,895 restricted stock units, including accrued dividend equivalent units, representing additional contingent rights to receive common stock in future vesting installments.
How do Wendy's Co (WEN) restricted stock units work for E.J. Wunsch?
Each restricted stock unit represents a contingent right to receive one Wendy's Co common share. The relevant grant from August 5, 2024 vests in three equal annual installments, with vested units (and related dividend equivalents) settling into common stock if employment conditions are met.