Wendy's (WEN) Chief Corp Affairs Liliana Esposito Receives RSU Award

What Happened

• Liliana Esposito, Chief Corporate Affairs & Sustainability Officer of Wendy's Co (WEN), was granted a total of 549 restricted stock units (RSUs) on September 15, 2026 (21 + 80 + 299 + 149 RSUs). Each award was reported as a grant (code A) at $0.00 per unit — these are derivative awards (RSUs) that represent contingent rights to receive shares in the future.
• No cash was exchanged; the RSUs include dividend-equivalent rights and tax-withholding mechanics. The awards will convert into common stock only if/when they vest per the stated schedules and Ms. Esposito remains employed on the applicable vesting dates.

Key Details

• Transaction date: September 15, 2026; Filing date: September 17, 2026 (filed within two days of the transaction).
• Awarded: 549 RSUs total (21, 80, 299, 149); reported at $0.00 (derivative awards).
• Shares owned after transaction: Not disclosed in the filing.
• Important footnotes:
  • RSUs equal a contingent right to one share upon vesting (F2).
  • Awards include tandem dividend-equivalent units and tax-withholding rights (F1, F3).
  • Vesting schedules vary by grant: examples include single installments (Aug 5 or Aug 12, 2027), two equal installments (Aug 12, 2027 & 2028), and three equal installments (Aug 11, 2027; 2028; 2029) subject to continued employment (F4–F7).

Context

• These are grant awards, not open-market purchases or sales; they are compensation-based RSUs that become ordinary shares only upon vesting. Such grants are common executive compensation and do not by themselves indicate buying or selling sentiment.