Wendy's grants CMO 1,592 RSUs vesting 2027–2029

Q: What equity awards did Wendy's (WEN) grant to CMO Tariq H. Hassan?

Wendy’s granted two awards of 796 Restricted Stock Units each to CMO & Customer Growth Officer Tariq H. Hassan on September 15, 2026. Each RSU is a contingent right to receive one share of Wendy’s common stock, with associated dividend equivalent and tax withholding rights.

Q: When do Tariq H. Hassan’s RSUs at Wendy's (WEN) vest?

The RSUs are scheduled to vest in three equal installments on August 24, 2027, 2028 and 2029. Vesting is subject to Mr. Hassan’s continued employment with Wendy’s on each applicable vesting date.

Q: What does each RSU granted to Wendy's (WEN) CMO represent?

Each Restricted Stock Unit granted to the Wendy’s CMO represents a contingent right to receive one share of Wendy’s common stock. The awards include tandem dividend equivalent rights and tax withholding rights as disclosed.

Q: Were Tariq H. Hassan’s Wendy's (WEN) RSU awards made under a Rule 10b5-1 plan?

No. The filing indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the RSU awards were made pursuant to a Rule 10b5-1 trading plan.

Q: Are Tariq H. Hassan’s RSUs at Wendy's (WEN) subject to any conditions?

Yes. The RSUs will vest in three equal installments only if Mr. Hassan remains employed by Wendy’s on each vesting date: August 24, 2027, 2028 and 2029, as specified in the award footnote.

Q: Do Wendy's (WEN) RSU awards for the CMO include dividend equivalents?

Yes. The RSUs are described as being granted with tandem dividend equivalent rights. The filing also states they include tax withholding rights and that certain units represent dividend equivalent units issued on September 15, 2026.

Wendy’s CMO received time-vested RSU awards tied to continued employment, with vesting in three annual installments through 2029.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Wendy's Co (symbol: WEN) is the issuer of record for a Form 4 filing submitted to the SEC. Hassan Tariq H. reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co (WEN) reported that its CMO & Customer Growth Officer, Tariq H. Hassan, received two awards of 796 Restricted Stock Units (RSUs) each on September 15, 2026. Each RSU represents a contingent right to receive one share of common stock and carries tandem dividend equivalent and tax withholding rights.

The RSUs are scheduled to vest in three equal installments on August 24, 2027, 2028 and 2029, subject to Mr. Hassan’s continued employment with the company on each vesting date. No Rule 10b5-1 trading plan is reported for these awards.

Insider Trade Summary

Grant/Award: 1,592 shares

Grant/Award 2 txns

Insider Hassan Tariq H.

Role CMO & Customer Growth Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F1, F2, F3, F4}	796	$0.00	$0.00
Grant/Award	Restricted Stock Units ^{F1, F2, F3, F4}	796	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 171,274 contracts (Direct)

Footnotes (4)

F1. With tandem dividend equivalent rights and tax withholding rights.
F2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F3. Represents dividend equivalent units issued on September 15, 2026.
F4. The restricted stock units will vest in three equal installments on August 24, 2027, 2028 and 2029, subject to Mr. Hassan's continued employment with the Company on the applicable vesting date.

Key Figures

RSU award size (first grant): 796 units RSU award size (second grant): 796 units Vesting installment count: 3 installments +4 more

7 metrics

RSU award size (first grant) 796 units Restricted Stock Units granted on September 15, 2026

RSU award size (second grant) 796 units Restricted Stock Units granted on September 15, 2026

Vesting installment count 3 installments RSUs vest in three equal installments

First vesting date August 24, 2027 First of three equal vesting installments

Second vesting date August 24, 2028 Second of three equal vesting installments

Third vesting date August 24, 2029 Third of three equal vesting installments

Transaction price per RSU $0.00 Grant of RSUs on September 15, 2026

Key Terms

Restricted Stock Units, dividend equivalent rights, tax withholding rights, contingent right, +1 more

5 terms

Restricted Stock Units financial

"security titled "Restricted Stock Units" granted on September 15, 2026"

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 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.

tax withholding rights financial

"With tandem dividend equivalent rights and tax withholding rights"

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

dividend equivalent units financial

"Represents dividend equivalent units issued on September 15, 2026"

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.

FAQ

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

What equity awards did Wendy's (WEN) grant to CMO Tariq H. Hassan?

Wendy’s granted two awards of 796 Restricted Stock Units each to CMO & Customer Growth Officer Tariq H. Hassan on September 15, 2026. Each RSU is a contingent right to receive one share of Wendy’s common stock, with associated dividend equivalent and tax withholding rights.

When do Tariq H. Hassan’s RSUs at Wendy's (WEN) vest?

The RSUs are scheduled to vest in three equal installments on August 24, 2027, 2028 and 2029. Vesting is subject to Mr. Hassan’s continued employment with Wendy’s on each applicable vesting date.

What does each RSU granted to Wendy's (WEN) CMO represent?

Each Restricted Stock Unit granted to the Wendy’s CMO represents a contingent right to receive one share of Wendy’s common stock. The awards include tandem dividend equivalent rights and tax withholding rights as disclosed.

Were Tariq H. Hassan’s Wendy's (WEN) RSU awards made under a Rule 10b5-1 plan?

No. The filing indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the RSU awards were made pursuant to a Rule 10b5-1 trading plan.

Are Tariq H. Hassan’s RSUs at Wendy's (WEN) subject to any conditions?

Yes. The RSUs will vest in three equal installments only if Mr. Hassan remains employed by Wendy’s on each vesting date: August 24, 2027, 2028 and 2029, as specified in the award footnote.

Do Wendy's (WEN) RSU awards for the CMO include dividend equivalents?

Yes. The RSUs are described as being granted with tandem dividend equivalent rights. The filing also states they include tax withholding rights and that certain units represent dividend equivalent units issued on September 15, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/17/2026 - 04:44 PM Accepted by SEC EDGAR 09/17/2026 - 04:43 PM

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^*

Hassan Tariq H.

(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)
	CMO & Customer Growth Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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)
Restricted Stock Units⁽¹⁾	⁽²⁾	09/15/2026		A		796⁽³⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	796	$0	170,478	D
Restricted Stock Units⁽¹⁾	⁽²⁾	09/15/2026		A		796⁽³⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	796	$0	171,274	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 September 15, 2026.

4. The restricted stock units will vest in three equal installments on August 24, 2027, 2028 and 2029, subject to Mr. Hassan's continued employment with the Company on the applicable vesting date.

	/s/ Mark L. Johnson, Attorney-in-Fact	09/17/2026
	** 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

Wendy's grants CMO 1,592 RSUs vesting 2027–2029

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