Dolan Kristin A 4

What Happened

• Kristin A. Dolan, a director of Wendy's Co. (WEN), was granted 291 restricted stock units (RSUs) on March 16, 2026. The grant is reported as an award (transaction code A) at a $0.00 per-unit acquisition price (derivative award, not a cash purchase).

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely filing — within the typical 2-business-day window).
• Grant: 291 RSUs granted; reported acquisition price $0.00 (derivative award).
• Post-transaction shares owned: not specified in the provided excerpt of the filing.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to receive one share of the company’s common stock upon vesting.
  • F2: Dividend equivalent units were issued on March 16, 2026 in connection with the award.
  • F3: The RSUs vest in full on the earlier of May 21, 2026 or the date of Wendy’s 2026 annual meeting of stockholders; vested shares will be delivered upon Ms. Dolan’s termination as a director.

Context

• These RSUs are a deferred/derivative award (not an open-market buy or sale). They do not represent immediate ownership of shares until they vest and are settled.
• Awards to directors are common and often part of standard compensation; they do not by themselves indicate a buy or sell signal.