Arlin Wendy C. 4

What Happened

Wendy C. Arlin, a director of Wendy's Co. (WEN), received a grant of 20,967 restricted stock units (RSUs) on May 20, 2026. The RSUs were granted at $0.00 (no cash paid) and are recorded as a derivative award (transaction code A). The filing reports the grant but not a cash value or immediate share delivery.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely filing).
• Grant: 20,967 restricted stock units (RSUs) at $0.00 acquisition price.
• Post-transaction holdings: Not disclosed in the excerpted transaction.
• Footnote F1: Each RSU represents a contingent right to one share of common stock.
• Footnote F2: RSUs vest in full on the earlier of May 20, 2027 or the Company's 2027 annual meeting; vested shares will be delivered upon Ms. Arlin's termination as a director.
• Transaction type: Award/grant (code A); this is a compensation award, not a market purchase or sale.

Context

RSUs are a common form of equity compensation for directors and do not represent immediately tradable shares. They convert into actual shares only upon vesting (and, per the filing, delivery is conditioned on termination as a director). Such awards are informative about compensation but are not direct bullish purchases by the insider.