Wunsch E.J. 4

What Happened E.J. Wunsch, President, International of Wendy's Co. (WEN), was granted a total of 3,047 restricted stock units (RSUs) on March 16, 2026 in four awards (59, 211, 463 and 2,314 RSUs). These were granted at $0.00 (i.e., awards, not purchases or sales) and are derivative awards — each RSU represents a contingent right to receive one share of Wendy's common stock upon vesting. The awards also include dividend equivalent rights and are subject to tax withholding.

Key Details

• Transaction date and type: March 16, 2026 — Grant / Award (derivative RSUs) at $0.00.
• Shares/units granted: 59 + 211 + 463 + 2,314 = 3,047 RSUs total.
• Value at grant: $0 cash paid by the insider; economic value will depend on future stock price at vesting.
• Dividend equivalents: Dividend equivalent units were issued on March 16, 2026 and awards carry tandem dividend equivalent rights (footnotes F1, F3).
• Vesting: Awards have varying remaining vesting schedules — single installment (Aug 11, 2026), two equal installments (Aug 5, 2026 & 2027; Aug 12, 2026 & 2027), and three equal installments (Aug 12, 2026, 2027 & 2028) as noted in the filing (F4–F7). Vesting is contingent on continued employment.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing date Mar 18, 2026 (transaction Mar 16, 2026); the Form 4 was filed in the normal reporting window and is not indicated as late.

Context RSUs are a deferred equity award — they do not represent immediate stock ownership until they vest and are settled for shares (or cash equivalent) per plan terms. Dividend equivalents are common on RSUs and compensate for dividends during the deferral period; tax withholding rights allow the company to withhold shares or cash when awards vest to satisfy taxes. These grants are routine executive compensation and should be viewed as awards subject to service-based vesting rather than open-market buying or selling.