Suerken Peter J. JR 4

What Happened
Peter J. Suerken Jr., President, U.S. for Wendy's Co. (WEN), was granted a total of 3,296 restricted stock units (RSUs) on March 16, 2026. The filing shows two awards: 2,840 RSUs and 456 RSUs, each recorded as an award/acquisition at $0.00 (derivative awards rather than an open‑market purchase). These RSUs represent contingent rights to receive one share per unit and involve no cash outlay at grant.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-18 (filed two days after the transaction). Transaction code: A (award/grant).
• Shares/units granted: 2,840 RSUs and 456 RSUs (total 3,296 RSUs). Grant price reported as $0.00 because these are derivative awards.
• Vesting: 2,840 RSUs vest in full on July 22, 2027 (subject to continued employment). 456 RSUs vest in three equal installments on Aug 12, 2026, 2027 and 2028 (subject to continued employment).
• Footnotes: RSUs are contingent rights to one share (F2). Dividend equivalent units were issued on March 16, 2026 (F3). Grants include tandem dividend equivalent and tax‑withholding rights (F1), meaning the company may withhold shares or cash to cover taxes at vesting (F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filed within two days of the transaction date (appears timely).

Context
These awards are compensation — derivative RSUs that convert into company shares only if vesting conditions and continued employment are met. They are not purchases or sales and therefore do not directly indicate buying or selling sentiment. Tax withholding and dividend‑equivalent provisions are standard for RSU grants.