Wendy's grants options and RSUs to legal chief

Q: What equity awards did Wendy's Co (WEN) grant to John Min on August 11, 2026?

Wendy's Co granted John Min 164,598 stock options at a $7.55 exercise price and 23,841 restricted stock units, all tied to the company’s common stock, as part of his compensation package.

Q: How do John Min’s new Wendy's Co (WEN) stock options vest?

The 164,598 stock options vest in three equal installments on August 11, 2027, 2028, and 2029, conditioned on John Min’s continued employment with Wendy's Co on each applicable vesting date.

Q: When do the restricted stock units granted to John Min by Wendy's Co (WEN) vest?

The 23,841 restricted stock units vest in three equal installments on August 11, 2027, 2028, and 2029, subject to John Min remaining employed with Wendy's Co on each vesting date.

Q: What are John Min’s Wendy's Co (WEN) restricted stock unit holdings after this Form 4?

After the August 11, 2026 grant, John Min directly holds 146,229 restricted stock units of Wendy's Co, all ultimately settled in shares of the company’s common stock upon vesting and settlement.

Q: What special rights accompany John Min’s new Wendy's Co (WEN) equity awards?

The stock options include tandem net exercise and tax withholding rights, while the restricted stock units include tandem dividend equivalent and tax withholding rights, affecting how exercises, taxes, and dividends are handled.

Wendy's Co granted Chief Legal Officer and Secretary John Min 164,598 employee stock options on August 11, 2026, at a $7.55 exercise price, expiring August 11, 2036.

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Rhea-AI Filing Summary

Wendy's Co granted Chief Legal Officer and Secretary John Min 164,598 employee stock options on August 11, 2026, at a $7.55 exercise price, expiring August 11, 2036. These options vest in three equal installments on August 11, 2027, 2028, and 2029, subject to his continued employment, and carry tandem net exercise and tax withholding rights. He also received 23,841 restricted stock units, each representing one share of common stock, which vest in three equal installments on the same dates with tandem dividend equivalent and tax withholding rights. Following the RSU grant, he directly holds 146,229 RSUs.

Insider Trade Summary

Grant/Award: 188,439 shares

Grant/Award 2 txns

Insider Min John

Role Chief Legal Ofcr & Secretary

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (Right to Buy) ^{F1, F2}	164,598	$0.00	$0.00
Grant/Award	Restricted Stock Units ^{F3, F4, F5}	23,841	$0.00	$0.00

Holdings After Transaction: Employee Stock Option (Right to Buy) — 164,598 contracts (Direct); Restricted Stock Units — 146,229 contracts (Direct)

Footnotes (5)

F1. With tandem net exercise and tax withholding rights.
F2. The option vests in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
F3. With tandem dividend equivalent rights and tax withholding rights.
F4. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F5. The restricted stock units will vest in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Min's continued employment with the Company on the applicable vesting date.

Key Figures

Stock options granted: 164,598 options Option exercise price: $7.55 per share Option expiration: 2036-08-11 +3 more

6 metrics

Stock options granted 164,598 options Employee stock option grant on August 11, 2026

Option exercise price $7.55 per share Exercise price for 164,598 options granted to John Min

Option expiration 2036-08-11 Expiration date of employee stock options granted August 11, 2026

Restricted stock units granted 23,841 units RSU grant to John Min on August 11, 2026

RSU holdings after grant 146,229 units Total restricted stock units directly held after August 11, 2026 grant

Option vesting schedule start 2027-08-11 First vesting date for stock options and RSUs, then annually in 2028 and 2029

Key Terms

tandem net exercise, dividend equivalent rights, restricted stock units

3 terms

tandem net exercise financial

"With tandem net exercise and tax withholding rights."

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.

restricted stock units financial

"The restricted stock units will vest in three equal installments"

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.

FAQ

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

What equity awards did Wendy's Co (WEN) grant to John Min on August 11, 2026?

Wendy's Co granted John Min 164,598 stock options at a $7.55 exercise price and 23,841 restricted stock units, all tied to the company’s common stock, as part of his compensation package.

How do John Min’s new Wendy's Co (WEN) stock options vest?

The 164,598 stock options vest in three equal installments on August 11, 2027, 2028, and 2029, conditioned on John Min’s continued employment with Wendy's Co on each applicable vesting date.

When do the restricted stock units granted to John Min by Wendy's Co (WEN) vest?

The 23,841 restricted stock units vest in three equal installments on August 11, 2027, 2028, and 2029, subject to John Min remaining employed with Wendy's Co on each vesting date.

What does each restricted stock unit granted by Wendy's Co (WEN) to John Min represent?

Each restricted stock unit granted to John Min represents a contingent right to receive one share of Wendy's Co common stock, plus associated dividend equivalent rights and tax withholding features.

What are John Min’s Wendy's Co (WEN) restricted stock unit holdings after this Form 4?

After the August 11, 2026 grant, John Min directly holds 146,229 restricted stock units of Wendy's Co, all ultimately settled in shares of the company’s common stock upon vesting and settlement.

What special rights accompany John Min’s new Wendy's Co (WEN) equity awards?

The stock options include tandem net exercise and tax withholding rights, while the restricted stock units include tandem dividend equivalent and tax withholding rights, affecting how exercises, taxes, and dividends are handled.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 08/13/2026 - 04:57 PM EDT

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)
08/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)⁽¹⁾	$7.55	08/11/2026		A		164,598		⁽²⁾	08/11/2036	Common Stock	164,598	$0	164,598	D
Restricted Stock Units⁽³⁾	⁽⁴⁾	08/11/2026		A		23,841		⁽⁵⁾	⁽⁵⁾	Common Stock	23,841	$0	146,229	D

Explanation of Responses:

1. With tandem net exercise and tax withholding rights.

2. The option vests in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Min's continued employment with the Company on the applicable vesting date.

3. With tandem dividend equivalent rights and tax withholding rights.

4. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.

5. The restricted stock units will vest in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Min's continued employment with the Company on the applicable vesting date.

	/s/ Mark L. Johnson, Attorney-in-Fact	08/13/2026
	** 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)

Source: View Original Filing on SEC EDGAR