Wendy's CLO John Min granted RSU awards

Min John reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 03/18/2026 - 06:02 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Min John reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co reported that Chief Legal Officer and Secretary John Min received multiple grants of restricted stock units on March 16, 2026, covering a total of 2,340 units, each representing a contingent right to one share of common stock. Following these awards, he directly holds 119,957 restricted stock units. Some units are identified as dividend equivalent units issued on March 16, 2026. The awards vest on different schedules: one tranche vests in full on September 16, 2027, another in three equal installments on August 12, 2026, 2027 and 2028, and another in two equal installments on August 12, 2026 and 2027, all subject to his continued employment.

Insider Trade Summary

Grant/Award: 2,340 shares

Grant/Award 3 txns

Insider Min John

Role Chief Legal Ofcr & Secretary

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	303	$0.00	$0.00
Grant/Award	Restricted Stock Units	340	$0.00	$0.00
Grant/Award	Restricted Stock Units	1,697	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 119,957 contracts (Direct)

Holdings Before and After: Restricted Stock Units, 117,617 to 119,957 contracts (Direct)

Footnotes (6)

1. F1. With tandem dividend equivalent rights and tax withholding rights.
2. F2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
3. F3. Represents dividend equivalent units issued on March 16, 2026.
4. F4. The restricted stock units will vest in full on September 16, 2027, subject to Mr. Min's continued employment with the Company on the vesting date.
5. F5. The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
6. F6. The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Min's continued employment with the Company on the applicable vesting date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Wendy's (WEN) report for John Min?

Wendy's reported that Chief Legal Officer John Min received grants of restricted stock units on March 16, 2026. These are equity awards granted as compensation, not open-market share purchases or sales, and increase his potential future ownership of Wendy's common stock.

How many restricted stock units did John Min receive at Wendy's (WEN)?

John Min received three restricted stock unit grants totaling 2,340 units on March 16, 2026. Each unit represents a contingent right to receive one share of Wendy's common stock, subject to the specified vesting schedules and his continued employment with the company.

What is John Min’s total restricted stock unit holding at Wendy's (WEN) after these grants?

After the March 16, 2026 grants, John Min directly holds 119,957 restricted stock units. Each restricted stock unit represents a contingent right to one share of Wendy's common stock, providing equity-based compensation aligned with the company’s long-term performance.

When do John Min’s new Wendy's (WEN) restricted stock units vest?

The new restricted stock units have staggered vesting dates. One award vests fully on September 16, 2027, another in three equal installments on August 12, 2026, 2027 and 2028, and another in two equal installments on August 12, 2026 and 2027, subject to continued employment.

Are any of John Min’s Wendy's (WEN) restricted stock units dividend equivalent units?

Yes. A portion of the reported restricted stock units is described as dividend equivalent units issued on March 16, 2026. Dividend equivalent units generally mirror cash dividends on underlying shares, accumulating additional units rather than immediate cash, according to the company’s equity award terms.

Do John Min’s Wendy's (WEN) restricted stock units carry any special rights?

The filing notes that the restricted stock units have tandem dividend equivalent rights and tax withholding rights. This means they accrue dividend equivalents and allow share withholding for taxes when units vest, consistent with typical equity compensation plan mechanics.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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
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^*

Min John

(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)
	Chief Legal Ofcr & Secretary

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	(2)	03/16/2026		A		303(3)		(4)	(4)	Common Stock	303	$0	117,920	D
Restricted Stock Units(1)	(2)	03/16/2026		A		340(3)		(5)	(5)	Common Stock	340	$0	118,260	D
Restricted Stock Units(1)	(2)	03/16/2026		A		1,697(3)		(6)	(6)	Common Stock	1,697	$0	119,957	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 September 16, 2027, subject to Mr. Min'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. Min's continued employment with the Company on the applicable vesting date.

6. The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Min'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)