Wendy's (WEN) CMO Lindsay Radkoski Exercises RSUs; Sells 322 Shares for Taxes

What Happened
Lindsay J. Radkoski, Chief Marketing Officer (U.S.) of Wendy's Co (WEN), had 1,104 restricted stock units (RSUs) convert into 1,104 shares on Aug 5, 2026 (derivative exercise). To satisfy tax withholding obligations, 322 of those shares were surrendered at $7.99 per share for a tax payment of $2,573. Net to Ms. Radkoski from this vesting event was 782 shares.

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (timely filing).
• Actions/reporting codes: M = exercise/conversion of derivative (RSU vesting) for 1,104 shares; F = payment of tax liability via share withholding for 322 shares at $7.99 each ($2,573).
• Net change from this event: +782 shares (1,104 acquired − 322 withheld).
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to one common share.
  • F2: RSUs include tandem dividend equivalent and tax withholding rights.
  • F3: The reported units include 131 dividend equivalent units that had accrued on the RSUs.
  • F4: These RSUs were granted Aug 5, 2024 and vest in three equal installments; the first and second installments vested Aug 5, 2025 and Aug 5, 2026, subject to continued employment.
• Post-transaction total holdings were not specified in the supplied filing.

Context
This was a routine vesting and tax-withholding event, not an open-market purchase or discretionary sale. The RSUs converted to shares (derivative exercise), and the company/share withholding was used to satisfy tax obligations — common practice that does not by itself indicate a change in insider sentiment.