Wendy's (WEN) director receives 291 RSU dividend equivalents

Rhea-AI Filing Summary

Dolan Kristin A reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co director Kristin A. Dolan received a grant of 291 restricted stock units (RSUs) tied to common stock. The award was issued on March 16, 2026 as dividend equivalent units. Each RSU represents a contingent right to receive one share of Wendy's common stock.

The RSUs will vest in full on the earlier of May 21, 2026 or the date of the company’s 2026 annual meeting of stockholders, with shares delivered when Ms. Dolan’s service as a director ends. Following this grant, she holds 14,901 RSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dolan Kristin A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	291	$0.00	--

Holdings After Transaction: Restricted Stock Units — 14,901 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. Represents dividend equivalent units issued on March 16, 2026. The restricted stock units will vest in full on the earlier of May 21, 2026 or the date of the Company's 2026 annual meeting of stockholders. Vested shares will be delivered upon Ms. Dolan's termination as a director of the Company.

Form 4 Insider Transactions: What Each Field Means →

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^*

Dolan Kristin A

(Last) (First) (Middle)

C/O THE WENDY'S COMPANY

ONE DAVE THOMAS BOULEVARD

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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)	03/16/2026		A		291(2)		(3)	(3)	Common Stock	291	$0	14,901	D

Explanation of Responses:

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

2. Represents dividend equivalent units issued on March 16, 2026.

3. The restricted stock units will vest in full on the earlier of May 21, 2026 or the date of the Company's 2026 annual meeting of stockholders. Vested shares will be delivered upon Ms. Dolan's termination as a director of the Company.

	/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 insider transaction did Wendy's Co (WEN) report for Kristin A. Dolan?

Wendy's Co reported that director Kristin A. Dolan received 291 restricted stock units. These RSUs were granted as dividend equivalent units on March 16, 2026 and represent a contingent right to receive an equal number of Wendy's common shares, subject to vesting conditions.

How many Wendy's (WEN) restricted stock units does Kristin A. Dolan hold after this filing?

After this transaction, Kristin A. Dolan holds 14,901 restricted stock units. Each unit corresponds to one share of Wendy’s common stock, giving her a deferred equity interest that will convert into shares when the units vest and are ultimately settled after her board service ends.

When do Kristin A. Dolan’s new Wendy's (WEN) RSUs vest?

The 291 new restricted stock units vest in full on the earlier of May 21, 2026 or the date of Wendy’s 2026 annual stockholders’ meeting. This time-based vesting schedule aligns her compensation with continued board service over the current director term.

What does each Wendy's (WEN) restricted stock unit granted to Kristin A. Dolan represent?

Each restricted stock unit represents a contingent right to receive one share of Wendy’s common stock. The units themselves are not shares until they vest and are settled, giving Ms. Dolan equity-based compensation linked directly to the company’s future share performance.

Why were 291 Wendy's (WEN) RSUs issued to Kristin A. Dolan on March 16, 2026?

The 291 restricted stock units were issued as dividend equivalent units on March 16, 2026. Dividend equivalents mirror dividends paid on common shares by granting additional RSUs, helping keep a director’s equity-based compensation aligned with shareholder returns over time.

When will Kristin A. Dolan actually receive Wendy's (WEN) shares from these RSUs?

The common shares underlying these restricted stock units will be delivered when Kristin A. Dolan’s service as a Wendy’s director ends. This deferred delivery structure links the economic realization of her equity compensation to the completion of her board tenure.