Thuerk Suzanne M. 4

What Happened
Suzanne M. Thuerk, Chief Accounting Officer of Wendy's Co. (WEN), was awarded a total of 1,036 restricted stock units (RSUs) on March 16, 2026. The filing shows five separate RSU grants (9, 26, 380, 103, and 518 units) recorded as awards at $0.00 per unit (no cash paid at grant). These are derivative awards — each RSU is a contingent right to receive one share of common stock upon vesting.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (appears to be timely).
• Amount: 1,036 RSUs in total (9 + 26 + 380 + 103 + 518); grant price reported as $0.00 per unit.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes / special terms:
  • Dividend equivalent units were issued on March 16, 2026 (units accrue dividend equivalents).
  • Awards include tandem dividend equivalent rights and tax-withholding rights.
  • Multiple vesting schedules apply (examples in the filing: one grant vests in one remaining installment on Aug 11, 2026; others vest in installments Aug 5 of 2026 & 2027; one vests in full Dec 18, 2027; others vest in equal installments on Aug 12 of 2026/2027/2028 or Aug 12 of 2026 & 2027). See filing footnotes for exact mapping by grant.
• Transaction type code: A = Award/Grant (derivative RSUs).

Context
RSUs are retention/compensation awards, not open-market purchases or sales; they represent a promise to deliver shares if vesting conditions (typically continued employment) are met. Dividend equivalent units indicate the award credits the value of dividends before conversion to shares. Because this is a grant, it does not necessarily indicate the insider is buying or selling stock; it’s part of compensation and subject to future vesting and applicable tax withholding.