Wendy's Co (WEN) awards 164,598 options and 23,841 RSUs to chief legal officer
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
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 shares (Direct);
Restricted Stock Units — 146,229 shares (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
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.
