Wendy's Co 4
4 · Wendy's Co · Filed Apr 2, 2015
Insider Transaction Report
Form 4
Wendy's CoWEN
van Ligten Darrell
SVP-Strategic Development
Transactions
- Exercise/Conversion
Common Stock
2015-03-31+486→ 74,633 total - Tax Payment
Common Stock
2015-03-31$10.98/sh−163$1,790→ 74,470 total - Exercise/Conversion
Restricted Stock Units
2015-03-31−486→ 974 total→ Common Stock (486 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F2]With tandem dividend equivalent rights and tax withholding rights.
- [F3]The restricted stock units were granted on March 31, 2014 and vest in three equal installments on the first, second and third anniversaries of the grant date. The first installment (including the related dividend equivalent units) vested on March 31, 2015. The second and third installments (including the related dividend equivalent units) will vest on March 31, 2016 and 2017, respectively, subject to Mr. van Ligten's continued employment with the Company on the applicable vesting date.