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Wendy's Co (WEN) CEO awarded 2,392 RSUs with multi-year vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Wright Robert D. reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co President & CEO Robert D. Wright received a grant of 2,392 restricted stock units on June 15, 2026, including dividend equivalent units. Each unit represents one share of common stock and will vest in three equal installments tied to an August 31, 2026 reference date, subject to his continued employment. Following this grant, his directly held restricted stock unit balance reported in this filing is 120,502 units.

Positive

  • None.

Negative

  • None.
Insider Wright Robert D.
Role President & CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,392 $0.00 --
Holdings After Transaction: Restricted Stock Units — 120,502 shares (Direct, null)
Footnotes (1)
  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 June 15, 2026. The restricted stock units will vest in three equal installments on each anniversary of the earlier of (i) August 31, 2026 or (ii) the 2026 grant date of restricted stock units to the other members of the Company's senior leadership team, subject to Mr. Wright's continued employment with the Company on the applicable vesting date.
RSUs granted 2,392 units Restricted stock units granted on June 15, 2026
RSUs after transaction 120,502 units Total restricted stock units held directly after grant
Vesting schedule 3 equal installments Anniversaries of earlier of August 31, 2026 or 2026 leadership grant date
Underlying common shares 2,392 shares Each RSU represents one share of common stock
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's common stock."
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 rights financial
"With tandem dividend equivalent rights and tax withholding rights."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
dividend equivalent units financial
"Represents dividend equivalent units issued on June 15, 2026."
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.
vesting financial
"The restricted stock units will vest in three equal installments on each anniversary of the earlier of (i) August 31, 2026 or (ii) the 2026 grant date..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
Wright Robert D.
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)(2)06/15/2026A2,392(3) (4) (4)Common Stock2,392$0120,502D
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 June 15, 2026.
4. The restricted stock units will vest in three equal installments on each anniversary of the earlier of (i) August 31, 2026 or (ii) the 2026 grant date of restricted stock units to the other members of the Company's senior leadership team, subject to Mr. Wright's continued employment with the Company on the applicable vesting date.
/s/ Mark L. Johnson, Attorney-in-Fact06/17/2026
** Signature of Reporting PersonDate
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 insider transaction did Wendy's Co (WEN) CEO Robert Wright report?

Robert D. Wright reported receiving 2,392 restricted stock units as compensation. These units are tied to Wendy's common stock and include dividend equivalent rights, increasing his equity-based alignment with shareholders through additional contingent stock-linked awards.

How many restricted stock units does Wendy's Co (WEN) CEO hold after this grant?

After the June 15, 2026 grant, Robert D. Wright is reported as holding 120,502 restricted stock units directly. This figure reflects his updated equity-based compensation position as disclosed in the Form 4 insider filing.

What are the vesting terms of Robert Wright's new Wendy's Co (WEN) RSUs?

The 2,392 restricted stock units will vest in three equal installments. Vesting dates are based on anniversaries of the earlier of August 31, 2026 or the 2026 grant date for other senior leaders, and require Mr. Wright’s continued employment on each vesting date.

What does each Wendy's Co (WEN) restricted stock unit granted to the CEO represent?

Each restricted stock unit represents a contingent right to receive one share of Wendy's common stock. The units also carry dividend equivalent rights, meaning additional units can accrue in connection with dividends, as noted for the June 15, 2026 issuance.

Are Robert Wright’s new Wendy's Co (WEN) RSUs immediately exercisable?

The restricted stock units are not immediately vested; they are subject to a time-based vesting schedule. They vest in three equal installments on specified anniversaries, and each installment requires Mr. Wright to remain employed through the applicable vesting date.