Kale Aaron M. 4
4 · Wendy's Co · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Wendy's (WEN) Chief Accounting Officer Aaron M. Kale Receives Award
What Happened
Aaron M. Kale, Chief Accounting Officer of Wendy's Co. (WEN), was granted three awards of restricted stock units (RSUs) on June 15, 2026: 35 RSUs, 57 RSUs and 131 RSUs — a total of 223 RSUs. The awards are reported as derivative transactions with a $0.00 per-share price in the filing (typical for RSU grants, which are contingent rights to receive shares). The filing was submitted on June 17, 2026.
Key Details
- Transaction date: June 15, 2026 (filed June 17, 2026). Type: A = Award/Grant (derivative RSUs).
- Shares/units granted: 35 RSUs; 57 RSUs; 131 RSUs — total 223 RSUs. Reported price: $0.00 (derivative award).
- Reported value in filing: $0 (reporting convention for RSU grants).
- Shares owned after transaction: not specified in the supplied filing.
- Notable footnotes: awards include dividend equivalent rights and tax-withholding rights; each RSU is a contingent right to one share; dividend equivalent units were issued on June 15, 2026; vesting schedules vary (one remaining installment on Aug 11, 2026; two equal installments on Aug 5, 2026 and 2027; three equal installments on Aug 12, 2026, 2027 and 2028).
- Administrative: a power of attorney is attached to the filing as Exhibit 24. No late filing was indicated; the Form 4 was filed within two business days.
Context
These are grant/award transactions (RSUs), not open-market purchases or sales. RSUs are a form of deferred compensation that convert to shares if vesting conditions are met — they do not represent immediate cash investment by the insider. Dividend equivalent units were issued with the awards and vesting is tied to continued employment on the specified dates.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3][F4]2026-06-15+35→ 11,036 total→ Common Stock (35 underlying) - Award
Restricted Stock Units
[F1][F2][F3][F5]2026-06-15+57→ 11,093 total→ Common Stock (57 underlying) - Award
Restricted Stock Units
[F1][F2][F3][F6]2026-06-15+131→ 11,224 total→ Common Stock (131 underlying)
Footnotes (6)
- [F1]With tandem dividend equivalent rights and tax withholding rights.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F3]Represents dividend equivalent units issued on June 15, 2026.
- [F4]The restricted stock units will vest in one remaining installment on August 11, 2026, subject to Mr. Kale's continued employment with the Company on the vesting date.
- [F5]The restricted stock units will vest in two remaining equal installments on August 5, 2026 and 2027, subject to Mr. Kale's continued employment with the Company on the applicable vesting date.
- [F6]The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Kale's continued employment with the Company on the applicable vesting date.