Arlin Wendy C. 4

What Happened

• Wendy C. Arlin, a director of Wendy's Co. (WEN), received three restricted stock unit (RSU) awards on June 15, 2026 totaling 934 RSUs (209 + 301 + 424). Each award shows $0.00 as the acquisition price (award/grant), so there was no cash purchase involved at grant.

Key Details

• Transaction date: June 15, 2026; reported on Form 4 filed June 17, 2026 (within the usual two-business-day reporting window).
• Award amounts and price: 209 RSUs @ $0.00; 301 RSUs @ $0.00; 424 RSUs @ $0.00 — total 934 RSUs.
• Shares owned after transaction: not specified in the filing; delivery of vested shares is deferred (see vesting notes).
• Footnotes (summary):
  • F1: Each RSU represents a contingent right to one share of common stock.
  • F2: Dividend equivalent units were issued on June 15, 2026.
  • F3 & F4: Two of the RSU tranches previously vested in full (May 21, 2025 and May 20, 2026); vested shares are to be delivered only upon Ms. Arlin’s termination as a director.
  • F5: One tranche will vest in full on the earlier of May 20, 2027 or the Company’s 2027 annual meeting; delivery also occurs upon termination.
• Filing timeliness: Reported June 17, 2026 for a June 15 transaction — filed within the standard Form 4 deadline (not marked late).

Context

• These are derivative awards (RSUs), not open-market purchases or sales. RSUs give a right to receive shares in the future (or upon a triggering event like termination); dividend equivalents may accrue while RSUs are outstanding. Such awards are common compensation for directors and don't by themselves indicate market buying or selling sentiment.