Wendy's Co executive exercises 2,294 restricted stock units
Liliana Esposito, Chief Corporate Affairs & Sustainability Officer of Wendy's Co, had 2,294 restricted stock units, including 273 dividend equivalent units, convert into the same number of common shares of common stock on August 5, 2026.
Rhea-AI Filing Summary
Liliana Esposito, Chief Corporate Affairs & Sustainability Officer of Wendy's Co, had 2,294 restricted stock units, including 273 dividend equivalent units, convert into the same number of common shares of common stock on August 5, 2026. In connection with this vesting, 654 common shares were delivered or withheld at $7.99 per share for payment of exercise price or tax liability. Following these transactions, she held 80,519 restricted stock units, which continue to represent contingent rights to receive an equal number of common shares.
Positive
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Negative
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Insider Trade Summary
2,294 shares exercised/converted
Exercise
3 txns
Insider
Esposito Liliana
Role
Chf Corp Affrs & Sustnblty Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F3, F4 | 2,294 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,294 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 654 | $7.99 | $5K |
Holdings After Transaction:
Restricted Stock Units — 80,519 contracts (Direct);
Common Stock — 94,689 shares (Direct)
Footnotes (4)
- 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 273 dividend equivalent units that had accrued on the restricted stock units.
- F4. The restricted stock units were granted on August 5, 2024 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Ms. Esposito's continued employment with the Company on the applicable vesting date. The first and second installments (including the related dividend equivalent units) vested on August 5, 2025 and 2026, respectively.
Key Figures
RSUs converted: 2,294 units
Dividend equivalent units: 273 units
Shares delivered/withheld: 654 shares
+3 more
6 metrics
RSUs converted
2,294 units
Restricted stock units converting into an equal number of common shares on August 5, 2026
Dividend equivalent units
273 units
Dividend equivalent units included within the 2,294 restricted stock units that converted
Shares delivered/withheld
654 shares
Common shares delivered or withheld for payment of exercise price or tax liability
Withholding price
$7.99 per share
Price applied to the 654 common shares delivered or withheld
RSUs remaining
80,519 units
Restricted stock units held by Liliana Esposito following the reported transactions
Grant date
August 5, 2024
Date the restricted stock units were granted, vesting over three annual installments
Key Terms
Restricted Stock Units, dividend equivalent units, tandem dividend equivalent rights, tax withholding rights
4 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 273 dividend equivalent units that had accrued on the restricted stock units"
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Wendy's Co (WEN) report about Liliana Esposito's recent equity transaction?
Wendy's Co reported that Liliana Esposito had 2,294 restricted stock units convert into 2,294 common shares on August 5, 2026. The units included 273 dividend equivalent units that had accrued on the award.
What is Liliana Esposito’s remaining Wendy's Co (WEN) restricted stock unit balance?
After the reported transactions, Liliana Esposito held 80,519 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Wendy's Co common stock in the future, subject to vesting conditions.
What vesting schedule applies to Liliana Esposito’s August 5, 2024 Wendy's Co (WEN) RSU grant?
The August 5, 2024 restricted stock units vest in three equal installments on the first, second and third anniversaries of the grant date. The first and second installments, including related dividend equivalent units, vested on August 5, 2025 and August 5, 2026, respectively.
What are dividend equivalent units in the context of Wendy's Co (WEN) RSUs?
Dividend equivalent units are additional units that accrue on restricted stock units to mirror dividends on common stock. For Esposito’s award, 273 dividend equivalent units had accrued and were included in the 2,294 units that converted to shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
