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The Wendy’s Company announced a Chief Financial Officer transition. The Board appointed Steve Cirulis as Chief Financial Officer and Chief Strategy Officer, effective June 23, 2026. He will report to President and CEO Bob Wright and join the senior leadership team.
Current CFO Ken Cook will cease serving as CFO on the effective date and his employment will be terminated without cause effective July 31, 2026, with severance consistent with a termination without cause and an enhanced 24 months of salary continuation in recognition of his prior interim CEO service.
Cirulis’ employment letter provides a $675,000 annual base salary and an annual bonus target equal to 90% of salary, with payout from zero to 200% of target based on performance. He will receive long-term incentives with an initial annualized grant date target fair value of $1,650,000, including PSUs, RSUs and stock options, and will be eligible for severance benefits if terminated without cause or within 12 months after a change in control, subject to a release.
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.
Spessard Matthew P reported acquisition or exercise transactions in this Form 4 filing.
Wendy's Co Chief Information Officer Matthew P. Spessard reported new equity awards in the form of restricted stock units (RSUs). On June 15, 2026 he was granted several RSU awards and related dividend equivalent units totaling 1,294 units at no cash cost, each representing a contingent right to receive one share of common stock. The RSUs carry tandem dividend equivalent and tax withholding rights and vest over multiple future dates, including remaining installments in August 2026, August 2027, February 2027, February 2028 and August 2028, subject to his continued employment. Following these awards, Spessard directly holds 63,949 RSUs in total.
Wunsch E.J. reported acquisition or exercise transactions in this Form 4 filing.
Wendy's Co executive E.J. Wunsch received multiple restricted stock unit (RSU) awards as compensation. On June 15, 2026, he was granted RSUs covering 2,404, 481, 220 and 61 underlying shares of common stock at no purchase price, each unit representing a contingent right to one share.
The RSUs carry tandem dividend equivalent and tax withholding rights, and related dividend equivalent units were issued on June 15, 2026. The awards vest over time, with remaining installments scheduled on August 5, 11 and 12 in 2026, and further vesting dates in 2027 and 2028, all conditioned on his continued employment.
Min John reported acquisition or exercise transactions in this Form 4 filing.
Wendy's Co reported that Chief Legal Officer and Secretary John Min received three awards of restricted stock units on June 15, 2026. The grants cover 1,764, 353 and 314 units, each representing a contingent right to one share of common stock. These units carry dividend equivalent and tax withholding rights and vest between August 12, 2026 and August 12, 2028, with one award vesting fully on September 16, 2027, all subject to his continued employment.
Suerken Peter J. JR reported acquisition or exercise transactions in this Form 4 filing.
Wendy's Co President, U.S. Peter J. Suerken Jr. received two grants of restricted stock units (RSUs) tied to the company’s common stock. One award covers 475 RSUs, described as dividend equivalent units issued on June 15, 2026, which will vest in full on July 22, 2027, subject to his continued employment.
A separate grant covers 2,951 RSUs that will vest in three equal installments on August 12, 2026, 2027 and 2028, also conditioned on his continued employment on each vesting date. Each RSU represents a contingent right to receive one share of Wendy’s common stock and carries tandem dividend equivalent and tax withholding rights, making these transactions standard equity compensation rather than open-market purchases or sales.
Wright Robert D. reported acquisition or exercise transactions in this Form 4 filing.
Wendy's Co President & CEO Robert D. Wright received a grant of 2,392 restricted stock units on June 15, 2026, including dividend equivalent units. Each unit represents one share of common stock and will vest in three equal installments tied to an August 31, 2026 reference date, subject to his continued employment. Following this grant, his directly held restricted stock unit balance reported in this filing is 120,502 units.
Arlin Wendy C. reported acquisition or exercise transactions in this Form 4 filing.
Wendy's Co director Wendy C. Arlin reported new equity compensation in the form of restricted stock units (RSUs). On June 15, 2026, she received awards covering 424, 301 and 209 RSUs, each representing a right to receive one share of common stock. Some of these RSUs are dividend equivalent units issued on June 15, 2026, tied to prior awards that vested in full on May 21, 2025 and May 20, 2026, with shares to be delivered when she leaves the board. Another RSU grant will vest in full on the earlier of May 20, 2027 or the 2027 annual stockholders meeting, with delivery also deferred until her service as a director ends. Following these awards, she directly holds 47,105 RSUs.
Cook Kenneth M. reported acquisition or exercise transactions in this Form 4 filing.
Wendy's Co reported that Chief Financial Officer Kenneth M. Cook received equity-based compensation in the form of restricted stock units on June 15, 2026. He was granted a total of 3,886 restricted stock units, each representing a contingent right to receive one share of common stock, with associated dividend equivalent and tax withholding rights.
The filing notes multiple vesting schedules: one award vests in full on December 2, 2027, while others vest in installments on August 12, 2026, 2027 and 2028, all subject to Mr. Cook’s continued employment with the company on the applicable vesting dates.
Kale Aaron M. reported acquisition or exercise transactions in this Form 4 filing.
Wendy's Co reported that Chief Accounting Officer Aaron M. Kale received several restricted stock unit (RSU) awards as equity compensation. On June 15, 2026, he was granted 131, 57, and 35 RSUs, each representing a contingent right to receive one share of Wendy's common stock.
The RSUs include tandem dividend equivalent and tax withholding rights, and some represent dividend equivalent units issued on June 15, 2026. The units vest over time, with installments scheduled in August 2026, 2027, and 2028, subject to Mr. Kale’s continued employment on the applicable vesting dates.