Wendy's (WEN) CMO Hassan Tariq Receives Award of 819,348 Shares

What Happened

• Hassan Tariq, Chief Marketing Officer & Customer Growth Officer at Wendy's Co (WEN), was granted derivative awards on August 24, 2026. The filing shows four grant entries: two awards of 324,833 shares and two awards of 84,841 shares, totaling 819,348 shares. Each grant is reported as an acquisition (code A) at $0.00 per share (i.e., compensation awards rather than cash purchases).
• The awards include stock-option style and restricted stock unit (RSU) instruments. The options and RSUs vest in three equal annual installments on August 24, 2027, 2028 and 2029, subject to continued employment. The awards include features for tandem net exercise, dividend-equivalent rights on RSUs, and standard tax-withholding rights.

Key Details

• Transaction date: August 24, 2026; Form 4 filed: August 26, 2026 (filed promptly).
• Reported grants: two grants of 324,833 and two grants of 84,841 shares; total = 819,348 shares; acquisition price reported $0.00; transaction code A (award/grant).
• Vesting: three equal installments on Aug 24 of 2027, 2028 and 2029 (vesting contingent on continued employment).
• Notable terms: tandem net exercise rights for options, dividend equivalent rights for RSUs, and tax withholding provisions.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• These were compensation awards (derivative grants), not open-market purchases or sales. Such awards are standard executive compensation and vest over time; they do not represent an immediate buy or sell signal.
• For options, the filing indicates net exercise/tax withholding mechanics rather than an immediate cashless sale; for RSUs, dividend-equivalent rights may accrue until settlement.