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Wendy's CLO John Min granted four RSU awards

Chief Legal Officer John Min received multiple RSU grants and dividend-equivalent units in Wendy's common stock with vesting tied to continued employment through 2029.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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

Wendy's Co (WEN) reported that Chief Legal Officer and Secretary John Min received four grants of restricted stock units (RSUs) on September 15, 2026, each representing a contingent right to receive shares of common stock, with tandem dividend equivalent and tax withholding rights.

The new RSUs are scheduled to vest in various installments between August 11, 2027 and August 11, 2029, in each case subject to Mr. Min's continued employment with the company through the applicable vesting date.

Positive

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Insider Min John
Role Chief Legal Ofcr & Secretary
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2, F3, F4 148 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F2, F3, F5 111 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F2, F3, F6 416 $0.00 $0.00
Grant/Award Restricted Stock Units F1, F2, F3, F7 223 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 96,805 contracts (Direct)
Footnotes (7)
  1. F1. With tandem dividend equivalent rights and tax withholding rights.
  2. F2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
  3. F3. Represents dividend equivalent units issued on September 15, 2026.
  4. F4. The restricted stock units will vest in full on September 16, 2027, subject to Mr. Min's continued employment with the Company on the vesting date.
  5. F5. The restricted stock units will vest in two remaining equal installments on August 12, 2027 and 2028, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
  6. F6. The restricted stock units will vest in one remaining installment on August 12, 2027, subject to Mr. Min's continued employment with the Company on the vesting date.
  7. F7. The restricted stock units will vest in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
RSU grant 1 148 restricted stock units Grant of RSUs with dividend equivalent units issued on September 15, 2026
RSU grant 2 111 restricted stock units Grant of RSUs with dividend equivalent units issued on September 15, 2026
RSU grant 3 416 restricted stock units Grant of RSUs with dividend equivalent units issued on September 15, 2026
RSU grant 4 223 restricted stock units Grant of RSUs with dividend equivalent units issued on September 15, 2026
Vesting date (single-installment award) September 16, 2027 RSUs vest in full on this date subject to continued employment
Final vesting date (multi-year award) August 11, 2029 Last of three equal installments for one RSU award vests on this date
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
"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.
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 equity awards did Wendy's (WEN) grant to John Min on September 15, 2026?
On September 15, 2026, John Min received four grants of restricted stock units, each representing a contingent right to receive one share of Wendy's common stock, together with tandem dividend equivalent rights and tax withholding rights.

How many Wendy's (WEN) RSUs were in each reported grant to John Min?
The filing reports four RSU grants to John Min on September 15, 2026, with separate awards covering 148, 111, 416, and 223 restricted stock units, each paired with dividend equivalent units issued on that same date.

When do John Min’s new Wendy's (WEN) RSUs vest?
One award vests in full on September 16, 2027. Others vest in remaining installments on August 12, 2027 and 2028, a single remaining installment on August 12, 2027, and three equal installments on August 11, 2027, 2028 and 2029, all subject to continued employment.

What does each Wendy's (WEN) restricted stock unit represent for John Min?
Each restricted stock unit reported for John Min represents a contingent right to receive one share of Wendy's common stock, along with tandem dividend equivalent rights and related tax withholding rights, as disclosed in the footnotes.

Were John Min’s Wendy's (WEN) RSU grants tied to a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5‑1 checkbox is not affirmed, and there is no footnote stating that the RSU awards were made pursuant to a Rule 10b5‑1 or similar pre-arranged trading plan.

Are John Min’s Wendy's (WEN) RSUs subject to employment conditions?
Yes. Each RSU award vests only if Mr. Min remains employed with Wendy's through the applicable vesting date, as specified for the September 16, 2027, August 12, 2027 and 2028, and August 11, 2027–2029 vesting schedules.

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

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SEC Form 4
FORM 4UNITED 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*
Min John
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Ofcr & Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)(2)09/15/2026A148(3) (4) (4)Common Stock148$096,055D
Restricted Stock Units(1)(2)09/15/2026A111(3) (5) (5)Common Stock111$096,166D
Restricted Stock Units(1)(2)09/15/2026A416(3) (6) (6)Common Stock416$096,582D
Restricted Stock Units(1)(2)09/15/2026A223(3) (7) (7)Common Stock223$096,805D
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 full on September 16, 2027, subject to Mr. Min's continued employment with the Company on the vesting date.
5. The restricted stock units will vest in two remaining equal installments on August 12, 2027 and 2028, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
6. The restricted stock units will vest in one remaining installment on August 12, 2027, subject to Mr. Min's continued employment with the Company on the vesting date.
7. The restricted stock units will vest in three equal installments on August 11, 2027, 2028 and 2029, subject to Mr. Min's continued employment with the Company on the applicable vesting date.
/s/ Mark L. Johnson, Attorney-in-Fact09/17/2026
** Signature of Reporting PersonDate
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

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