Wendy's (WEN) Director Wendy C. Arlin Receives RSU Awards

What Happened

• Wendy C. Arlin, a director of Wendy's Co. (WEN), was granted three restricted stock unit (RSU) awards on September 15, 2026 totaling 442 RSUs (98, 143 and 201 RSUs).
• Each award was recorded at $0.00 (no cash exchanged); these are derivative awards (contingent rights to receive common shares) rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-09-15; Filing date (Form 4): 2026-09-17 (filed timely).
• Price: $0.00 per unit (award code "A" on Form 4).
• Total units granted: 442 RSUs.
• Shares owned after transaction: not specified in this filing.
• Relevant footnotes:
  • F1: Each RSU converts to one share if/when delivered.
  • F2: Dividend equivalent units were issued on Sept 15, 2026.
  • F3–F5: Some RSUs already vested (May 21, 2025 and May 20, 2026) but will be delivered only upon Ms. Arlin’s termination as a director; another tranche will vest by May 20, 2027 or the 2027 annual meeting, with delivery upon termination.
• Transaction type: Award/grant of derivative securities (not a purchase or sale).

Context

• RSUs are promises of future shares, often subject to vesting and delivery conditions; these awards do not represent an immediate market purchase or sale.
• Because some units already vested but are scheduled for delivery only upon termination, this filing reflects award/administrative movements rather than active trading by the director.