Wendy's U.S. president exercises 7,963 RSUs

Wendy's Co President, U.S. Peter J. Suerken Jr. reported the vesting and exercise of 7,963 restricted stock units (RSUs) into an equal number of common shares on August 12, 2026.

Rhea-AI Filing Summary

Wendy's Co President, U.S. Peter J. Suerken Jr. reported the vesting and exercise of 7,963 restricted stock units (RSUs) into an equal number of common shares on August 12, 2026. The RSUs, granted on August 12, 2025, vest in three equal annual installments; this transaction reflects the first installment, including 545 dividend equivalent units. Following this vesting, Suerken holds 164,514 RSUs outstanding. In a related transaction, 2,318 common shares were delivered or withheld at $8.66 per share for payment of exercise price or tax liability.

Insider Trade Summary

7,963 shares exercised/converted

Exercise 3 txns

Insider Suerken Peter J. JR

Role President, U.S.

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F2, F1, F3, F4	7,963	$0.00	$0.00
Exercise	Common Stock F1	7,963	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,318	$8.66	$20K

Holdings After Transaction: Restricted Stock Units — 164,514 contracts (Direct); Common Stock — 6,868.6851 shares (Direct)

Footnotes (4)

1. F1. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
2. F2. With tandem dividend equivalent rights and tax withholding rights.
3. F3. Includes 545 dividend equivalent units that had accrued on the restricted stock units.
4. F4. 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. Suerken'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 vested and converted: 7,963 units Dividend equivalent units included: 545 units RSUs remaining outstanding: 164,514 units +3 more

6 metrics

RSUs vested and converted 7,963 units Restricted stock units converted into common stock on August 12, 2026

Dividend equivalent units included 545 units Dividend equivalent units accrued on vested restricted stock units

RSUs remaining outstanding 164,514 units Restricted stock units held by Peter J. Suerken Jr. after this vesting

Shares delivered/withheld 2,318 shares Common shares used for payment of exercise price or tax liability

Price per share for tax/exercise payment $8.66 per share Per-share value for the 2,318 common shares delivered or withheld

RSU grant date August 12, 2025 Grant date of the restricted stock units that are vesting in three 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 545 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) disclose about Peter J. Suerken Jr.'s recent equity transaction?

Wendy's Co reported that President, U.S. Peter J. Suerken Jr. had 7,963 RSUs vest and convert into common stock on August 12, 2026. These RSUs were the first of three equal annual installments from a grant dated August 12, 2025.

How many Wendy's Co (WEN) RSUs does Peter J. Suerken Jr. still hold after this transaction?

After the reported vesting, Peter J. Suerken Jr. holds 164,514 restricted stock units. These remaining RSUs continue to represent contingent rights to receive an equivalent number of Wendy’s common shares as future vesting conditions are met.

What common stock transactions were reported for Wendy's Co (WEN) in this Form 4?

The filing shows 7,963 common shares acquired upon RSU vesting and 2,318 common shares delivered or withheld. The 2,318 shares were used for payment of exercise price or tax liability at a price of $8.66 per share.

What are the vesting terms of Peter J. Suerken Jr.’s Wendy's Co (WEN) RSU grant?

The RSUs 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 Suerken’s continued employment on each applicable vesting date.

What do the dividend equivalent units mean in Wendy's Co (WEN) Form 4?

The transaction includes 545 dividend equivalent units that accrued on the RSUs. Each RSU, with its dividend equivalents, represents a contingent right to receive one share of Wendy’s common stock plus amounts reflecting dividends during the vesting period.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/14/2026 - 04:51 PM EDT Learn about SEC filing dates

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^*

Suerken Peter J. JR

(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)
	President, U.S.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2026		M		7,963	A	$0(1)	9,186.6851	D
Common Stock	08/12/2026		F		2,318	D	$8.66	6,868.6851	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(2)	(1)	08/12/2026		M			7,963(3)	(4)	(4)	Common Stock	7,963	$0	164,514	D

Explanation of Responses:

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

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

3. Includes 545 dividend equivalent units that had accrued on the restricted stock units.

4. 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. Suerken'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.

	/s/ Mark L. Johnson, Attorney-in-Fact	08/14/2026
	** 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)