Chang Vance YuWen 4

What Happened Chang Vance YuWen, the Chief Financial Officer of Dine Brands Global, reported that 3,685 shares were disposed on March 6, 2026 as tax withholding related to the vesting of restricted stock. The withholding occurred in two lots: 1,382 shares at $31.58 each ($43,644) and 2,303 shares at $31.58 each ($72,729), for a combined value of about $116,373. This was not an open-market sale for investment reasons but a routine withholding to satisfy tax obligations.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-09 (filed within the typical 2-business-day window).
• Price per share: $31.58.
• Shares withheld/disposed: 1,382 ( $43,644 ) and 2,303 ( $72,729 ); total 3,685 shares (~$116,373).
• Post-transaction shares owned: Not specified in this filing.
• Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person’s tax withholding obligations on vested restricted stock (transaction code F = tax withholding).

Context This was a tax-withholding disposition tied to restricted stock vesting (a common, administrative transaction), not a discretionary sale or purchase signaling a change in investment view. For retail investors, tax-withholding dispositions are generally routine and do not necessarily reflect the insider’s sentiment about the company.