Esposito Liliana 4

What Happened
Liliana Esposito, Chief Corporate Affairs & Sustainability Officer at Wendy's Co. (WEN), received multiple equity awards on March 16, 2026. The Form 4 reports four grants totaling 1,582 restricted stock units (RSUs) — 1,218; 244; 87; and 33 units — issued as derivative awards at $0.00 per share. Dividend equivalent units were also issued in connection with these awards; no cash changed hands.

Key Details

• Transaction date: March 16, 2026. Form filed March 18, 2026 (timely filing).
• Transaction code: A = Award/Grant (derivative RSUs). Reported price: $0.00.
• Grant breakdown: 1,218 + 244 + 87 + 33 = 1,582 RSUs total.
• Footnotes: awards include tandem dividend equivalent rights and tax withholding rights (F1); each RSU represents a contingent right to one share (F2); dividend equivalent units issued on March 16, 2026 (F3).
• Vesting: vesting schedules vary by grant — examples in the filing show remaining installments on Aug 11, 2026 (one remaining), Aug 5, 2026 & 2027 (two installments), Aug 12, 2026/2027/2028 (three installments), and Aug 12, 2026 & 2027 (two installments) (F4–F7). Vesting is subject to continued employment.
• Shares owned after transaction: not specified in the Form 4.

Context
RSUs are compensation awards that convert into shares if/when they vest; dividend equivalents compensate for dividends during the vesting period. These awards are routine compensation actions rather than open-market purchases or sales and do not by themselves indicate buying or selling sentiment. Tax withholding provisions are typical (company may withhold shares to cover taxes).