Wendy's awards CMO 325K options, 84K RSUs
Rhea-AI Filing Summary
Wendy's Co (WEN) reported that its CMO & Customer Growth Officer, Tariq Hassan, received equity compensation awards on August 24, 2026. He was granted employee stock options covering 324,833 shares of common stock at an exercise price of $8.84 per share, expiring on August 24, 2036. These options vest in three equal installments on August 24, 2027, 2028 and 2029, subject to his continued employment, and include tandem net exercise and tax withholding rights. He was also granted 84,841 restricted stock units, each representing a contingent right to one share of common stock with tandem dividend equivalent and tax withholding rights, vesting in three equal installments on the same dates, also subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Hassan Tariq
Role
CMO & Customer Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) F1, F2 | 324,833 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F4, F5 | 84,841 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (Right to Buy) F1, F2 | 324,833 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F4, F5 | 84,841 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 649,666 shares (Direct);
Restricted Stock Units — 169,682 shares (Direct)
Footnotes (5)
- F1. With tandem net exercise and tax withholding rights.
- F2. The option vests 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.
- 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 24, 2027, 2028 and 2029, subject to Mr. Hassan's continued employment with the Company on the applicable vesting date.
Key Figures
Employee stock options granted: 324,833 options
Option exercise price: $8.84 per share
Option expiration date: 2036-08-24
+2 more
5 metrics
Employee stock options granted
324,833 options
Grant to Tariq Hassan on 2026-08-24
Option exercise price
$8.84 per share
Exercise price for 324,833 options granted on 2026-08-24
Option expiration date
2036-08-24
Expiration for employee stock options granted to Tariq Hassan
Restricted stock units granted
84,841 RSUs
Grant to Tariq Hassan on 2026-08-24
Vesting installments
3 equal installments
Vesting for both options and RSUs on 2027-08-24, 2028-08-24, 2029-08-24
Key Terms
Restricted Stock Units, tandem net exercise, dividend equivalent rights, contingent right
4 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
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.
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.
contingent right financial
"represents a contingent right to receive one share of the Company's"
FAQ
What equity awards did Tariq Hassan receive from Wendy's Co (WEN) on August 24, 2026?
Tariq Hassan received 324,833 employee stock options at an exercise price of $8.84 per share, expiring August 24, 2036, and 84,841 restricted stock units, each representing a contingent right to one share of Wendy's common stock.
What is the vesting schedule for Tariq Hassan’s new Wendy's (WEN) stock options and RSUs?
Both the 324,833 stock options and 84,841 restricted stock units vest in three equal installments on August 24, 2027, 2028 and 2029, subject to Mr. Hassan’s continued employment with the company on each applicable vesting date.
What is the exercise price and expiration date of Tariq Hassan’s new Wendy's (WEN) stock options?
The employee stock options granted to Tariq Hassan have an exercise price of $8.84 per share and an expiration date of August 24, 2036, according to the Form 4 data.
How many Wendy's (WEN) restricted stock units did Tariq Hassan receive and what do they represent?
Tariq Hassan received 84,841 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Wendy's common stock, with tandem dividend equivalent and tax withholding rights attached.
Are Tariq Hassan’s new Wendy's (WEN) equity awards subject to employment conditions?
Yes. The options and restricted stock units vest in three equal installments on August 24, 2027, 2028 and 2029, and each installment is subject to Mr. Hassan’s continued employment with Wendy's Co on the applicable vesting date.
Does Tariq Hassan’s Wendy's (WEN) Form 4 indicate trades under a Rule 10b5-1 plan?
The Form 4 data shows the Rule 10b5-1 checkbox as not checked (aff_10b5_one is false), and the reported transactions are grants of options and restricted stock units, not market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
