Wendy's Co (WEN) CIO exercises 25,947 RSUs; 7,487 shares withheld for taxes
Rhea-AI Filing Summary
Wendy's Co Chief Information Officer Matthew P. Spessard exercised restricted stock units into 25,947 shares of common stock on August 12, 2026. In connection with these vestings, 7,487 shares of common stock were delivered or withheld to cover the payment of exercise price or tax liability. The RSUs included associated dividend equivalent units and vested based on prior grants made on August 12, 2025, subject to continued employment.
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Insider Trade Summary
Net Buyer: 18,460 shares
Net Buy
6 txns
Insider
Spessard Matthew P
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F3, F4 | 22,896 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F1, F5, F6 | 3,051 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 22,896 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,606 | $8.66 | $57K |
| Exercise | Common Stock F1 | 3,051 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 881 | $8.66 | $8K |
Holdings After Transaction:
Restricted Stock Units — 48,883 shares (Direct);
Common Stock — 31,505 shares (Direct)
Footnotes (6)
- 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 1,569 dividend equivalent units that had accrued on the restricted stock units.
- F4. The restricted stock units were granted on August 12, 2025 and vest in two equal installments on the first and second anniversaries of the grant date, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. The first installment (including the related dividend equivalent units) vested on August 12, 2026.
- F5. Includes 208 dividend equivalent units that had accrued on the restricted stock units.
- F6. The restricted stock units were granted on August 12, 2025 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. The first installment (including the related dividend equivalent units) vested on August 12, 2026.
Key Figures
RSUs exercised: 25,947 units
Shares delivered/withheld: 7,487 shares
Portion from first RSU grant: 22,896 units
+2 more
5 metrics
RSUs exercised
25,947 units
Restricted stock units converted into common stock on August 12, 2026
Shares delivered/withheld
7,487 shares
Shares delivered or withheld for exercise price or tax liability at vesting
Portion from first RSU grant
22,896 units
Restricted stock units (including 1,569 dividend equivalent units) converted from one grant
Portion from second RSU grant
3,051 units
Restricted stock units (including 208 dividend equivalent units) converted from another grant
Withholding price
$8.66 per share
Price used for shares delivered or withheld to cover exercise price or tax liability
Key Terms
Restricted Stock Units, dividend equivalent units, tandem dividend equivalent rights, tax withholding rights, +1 more
5 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 1,569 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.
tandem dividend equivalent rights financial
"With tandem dividend equivalent rights and tax withholding rights."
tax withholding rights financial
"With tandem dividend equivalent rights and tax withholding rights."
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What transactions did Wendy's Co (WEN) CIO Matthew Spessard report on August 12, 2026?
Matthew P. Spessard reported exercises of 25,947 restricted stock units into common stock and related dispositions of 7,487 shares delivered or withheld to pay the exercise price or tax liability tied to those vestings.
How many Wendy's Co (WEN) restricted stock units did Matthew Spessard vest and convert?
Matthew Spessard exercised and converted a total of 25,947 restricted stock units into Wendy's Co common stock, consisting of 22,896 units from one grant and 3,051 units from another, including associated dividend equivalent units.
What are the key vesting terms of Matthew Spessard’s Wendy's Co (WEN) RSU grants?
One RSU grant vested in two equal installments on the first and second anniversaries of August 12, 2025; another vested in three equal installments on the first, second and third anniversaries, each contingent on continued employment at Wendy's Co.
Did Matthew Spessard’s Wendy's Co (WEN) RSUs include dividend equivalent units?
Yes. The exercised restricted stock units carried tandem dividend equivalent rights. The vested portions included 1,569 and 208 dividend equivalent units, respectively, which were added to the RSU amounts upon conversion to common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
