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  4. [Form 4] Wendy's Co Insider Trading Activity

Wendy's (WEN) U.S. CMO receives multiple new RSU grants as equity pay

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

Rhea-AI Filing Summary

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

Wendy's Co chief marketing officer, U.S., Lindsay J. Radkoski received multiple restricted stock unit (RSU) awards tied to common stock. On June 15, 2026, she was granted RSUs in separate lots of 1,107, 221, 657, 110, 44, 182 and 12 units, each representing a contingent right to one share of common stock.

The RSUs carry tandem dividend equivalent and tax withholding rights. According to the disclosures, different RSU tranches vest between August 5, 2026 and August 15, 2028, with specific grants vesting on dates such as August 11, 2026, December 7, 2026, and August 12, 2026–2028. All vesting is conditioned on Ms. Radkoski’s continued employment with the company on the applicable vesting dates.

Positive

  • None.

Negative

  • None.
Insider Radkoski Lindsay J.
Role CMO, U.S.
Type Security Shares Price Value
Grant/Award Restricted Stock Units 12 $0.00 --
Grant/Award Restricted Stock Units 182 $0.00 --
Grant/Award Restricted Stock Units 44 $0.00 --
Grant/Award Restricted Stock Units 110 $0.00 --
Grant/Award Restricted Stock Units 657 $0.00 --
Grant/Award Restricted Stock Units 221 $0.00 --
Grant/Award Restricted Stock Units 1,107 $0.00 --
Holdings After Transaction: Restricted Stock Units — 115,215 shares (Direct, null)
Footnotes (1)
  1. With tandem dividend equivalent rights and tax withholding rights. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. Represents dividend equivalent units issued on June 15, 2026. 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. 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. 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. 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. 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. 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. 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.
RSU grant 1 1,107 restricted stock units Grant of RSUs on June 15, 2026
RSU grant 2 221 restricted stock units Grant of RSUs on June 15, 2026
RSU grant 3 657 restricted stock units Grant of RSUs on June 15, 2026
RSU grant 4 110 restricted stock units Grant of RSUs on June 15, 2026
RSU grant 5 44 restricted stock units Grant of RSUs on June 15, 2026
RSU grant 6 182 restricted stock units Grant of RSUs on June 15, 2026
RSU grant 7 12 restricted stock units Grant of RSUs on June 15, 2026
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's common stock."
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 of the Company's common stock."
dividend equivalent units financial
"Represents dividend equivalent units issued on June 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.
vesting date financial
"subject to Ms. Radkoski's continued employment with the Company on the vesting date."
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Form 4 Insider Transactions: What Each Field Means →
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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CMO, U.S.
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		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)06/15/2026A12(3) (4) (4)Common Stock12$0115,215D
Restricted Stock Units(1)(2)06/15/2026A182(3) (5) (5)Common Stock182$0115,397D
Restricted Stock Units(1)(2)06/15/2026A44(3) (6) (6)Common Stock44$0115,441D
Restricted Stock Units(1)(2)06/15/2026A110(3) (7) (7)Common Stock110$0115,551D
Restricted Stock Units(1)(2)06/15/2026A657(3) (8) (8)Common Stock657$0116,208D
Restricted Stock Units(1)(2)06/15/2026A221(3) (9) (9)Common Stock221$0116,429D
Restricted Stock Units(1)(2)06/15/2026A1,107(3) (10) (10)Common Stock1,107$0117,536D
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 June 15, 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-Fact06/17/2026
** 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

FAQ

What insider transaction did Wendy's (WEN) report for Lindsay J. Radkoski?

Wendy's reported that Lindsay J. Radkoski received several restricted stock unit grants on June 15, 2026. These awards are compensation-related and give her the right to receive common shares if she remains employed through the specified vesting dates.

How many restricted stock units were granted to Lindsay J. Radkoski at Wendy's?

The Form 4 shows seven RSU grants of 1,107, 221, 657, 110, 44, 182 and 12 units. Each restricted stock unit represents a contingent right to receive one share of Wendy’s common stock, subject to future vesting conditions tied to continued employment.

What are the vesting conditions on Lindsay Radkoski’s Wendy's RSU awards?

The RSUs vest on specified future dates between August 5, 2026 and August 15, 2028. Different awards vest in one or multiple installments, and each tranche requires Ms. Radkoski to remain employed with Wendy’s on the applicable vesting date.

Do Lindsay Radkoski’s Wendy's RSUs include dividend equivalent or tax features?

Yes. The filing notes the awards come with tandem dividend equivalent rights and tax withholding rights. Dividend equivalent units are issued on the RSUs, and certain rights allow shares to be used for satisfying tax obligations when the units vest.

What does each restricted stock unit represent in Wendy's Form 4 filing?

Each restricted stock unit represents a contingent right to one share of Wendy’s common stock. The units do not convert immediately; they settle into common shares only if the vesting conditions, mainly continued employment through specified dates, are fully met.

Are Lindsay Radkoski’s Wendy's RSU grants open-market purchases or sales?

No. The transactions are coded as “A” for grant or award, meaning they are compensation-related RSU grants, not open-market buys or sells. The Form 4 shows no purchases or sales of common stock in the reported transactions.