Wendy's Co (WEN) awards new restricted stock units to U.S. CMO

Rhea-AI Filing Summary

Radkoski Lindsay J. reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co chief marketing officer for U.S. operations, Lindsay J. Radkoski, received several grants of restricted stock units on March 16, 2026 as equity compensation, not through open‑market purchases. After these awards, she directly holds 115,203 restricted stock units tied one-for-one to common shares.

The units carry dividend equivalent and tax-withholding features and vest on various dates between August 2026 and August 2028, in some cases in installments, all contingent on her continued employment with the company through the applicable vesting 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

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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^*

Radkoski Lindsay J.

(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, U.S.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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

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(1)	(2)	03/16/2026		A		12(3)		(4)	(4)	Common Stock	12	$0	112,968	D
Restricted Stock Units(1)	(2)	03/16/2026		A		175(3)		(5)	(5)	Common Stock	175	$0	113,143	D
Restricted Stock Units(1)	(2)	03/16/2026		A		43(3)		(6)	(6)	Common Stock	43	$0	113,186	D
Restricted Stock Units(1)	(2)	03/16/2026		A		106(3)		(7)	(7)	Common Stock	106	$0	113,292	D
Restricted Stock Units(1)	(2)	03/16/2026		A		632(3)		(8)	(8)	Common Stock	632	$0	113,924	D
Restricted Stock Units(1)	(2)	03/16/2026		A		213(3)		(9)	(9)	Common Stock	213	$0	114,137	D
Restricted Stock Units(1)	(2)	03/16/2026		A		1,066(3)		(10)	(10)	Common Stock	1,066	$0	115,203	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 March 16, 2026.

4. The restricted stock units will vest in one remaining installment on August 11, 2026, subject to Ms. Radkoski's continued employment with the Company on the vesting date.

5. The restricted stock units will vest in full on December 7, 2026, subject to Ms. Radkoski's continued employment with the Company on the vesting date.

6. The restricted stock units will vest in two remaining equal installments on August 5, 2026 and 2027, subject to Ms. Radkoski's continued employment with the Company on the applicable vesting date.

7. The restricted stock units will vest in two remaining equal installments on August 15, 2026 and 2027, subject to Ms. Radkoski's continued employment with the Company on the applicable vesting date.

8. The restricted stock units will vest in full on August 15, 2027, subject to Ms. Radkoski's continued employment with the Company on the vesting date.

9. The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Ms. Radkoski's continued employment with the Company on the applicable vesting date.

10. The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Ms. Radkoski's continued employment with the Company on the applicable vesting date.

	/s/ Mark L. Johnson, Attorney-in-Fact	03/18/2026
	** 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)

FAQ

What did Wendy's (WEN) executive Lindsay Radkoski report in this Form 4?

Lindsay J. Radkoski, CMO, U.S. at Wendy’s Co, reported multiple grants of restricted stock units as equity compensation on March 16, 2026. These are awards from the company, not open-market trades, and increase her direct equity-based stake tied to Wendy’s common stock.

How many restricted stock units does Lindsay Radkoski hold after these transactions?

Following the reported grants, Lindsay Radkoski directly holds 115,203 restricted stock units. Each unit represents a contingent right to receive one share of Wendy’s common stock, so this figure reflects her total RSU-based claim on future shares after the March 16, 2026 awards.

Are Lindsay Radkoski’s Wendy’s Form 4 transactions open-market buys or sells?

The transactions are not open-market buys or sells. They are Form 4 code “A” events, meaning grants or awards of restricted stock units provided by Wendy’s Co as part of compensation, with no purchase price and no reported sale of common shares in the market.

When will Lindsay Radkoski’s Wendy’s restricted stock units vest?

The restricted stock units vest on several dates between August 2026 and August 2028. Some awards vest in a single installment, others in equal annual installments, and all vesting is conditioned on Ms. Radkoski’s continued employment with Wendy’s Co through the specified vesting dates.

What do the dividend equivalent rights noted in Lindsay Radkoski’s RSUs mean?

The RSUs include tandem dividend equivalent rights, meaning she receives additional units when dividends are paid. One footnote states certain units represent dividend equivalent awards issued March 16, 2026, aligning her compensation more closely with returns that common shareholders receive over time.

How do Lindsay Radkoski’s RSUs relate to Wendy’s common stock?

Each restricted stock unit corresponds to a contingent right to receive one share of Wendy’s common stock. Once the unit vests and any conditions are met, it can settle into a share, effectively converting the RSU-based award into actual stock ownership in Wendy’s Co for Ms. Radkoski.