[Form 4] The Wendy's Company Insider Trading Activity
Matthew P. Spessard, Chief Information Officer and director of The Wendy's Company (WEN), reported equity awards granted on 08/12/2025. The filing shows two employee stock option grants (each for 107,781 options) with an exercise price of $10.11 and an indicated exercisable/expiration date of 08/12/2035, each listed as 107,781 options beneficially owned following the transactions. The filing also reports restricted stock units of 8,531 and 42,655, recorded as leading to totals of 21,470 and 64,125 common shares beneficially owned following the reported transactions. The grant terms include vesting schedules (three-installment and two-installment vesting, contingent on continued employment) and tandem tax-withholding and dividend-equivalent rights. The form is signed by an attorney-in-fact on behalf of Mr. Spessard on 08/14/2025.
Matthew P. Spessard, Chief Information Officer e membro del consiglio di The Wendy's Company (WEN), ha dichiarato la concessione di premi azionari in data 12/08/2025. Il documento segnala due sovvenzioni di stock option riservate ai dipendenti (ciascuna pari a 107.781 opzioni) con prezzo di esercizio pari a $10,11 e data indicativa di esercizio/scadenza 12/08/2035, ognuna riportata come 107.781 opzioni possedute beneficamente dopo le operazioni. Il filing indica inoltre restricted stock units per 8.531 e 42.655, che portano i totali a 21.470 e 64.125 azioni ordinarie possedute beneficamente dopo le transazioni comunicate. I termini della concessione prevedono piani di maturazione (vesting in tre tranche e in due tranche, subordinati alla permanenza in servizio) e disposizioni tandem per il prelievo fiscale e i diritti equivalenti ai dividendi. Il modulo 猫 firmato da un procuratore in nome e per conto del Sig. Spessard in data 14/08/2025.
Matthew P. Spessard, Director de Informaci贸n y miembro del consejo de The Wendy's Company (WEN), inform贸 adjudicaciones de capital con fecha 12/08/2025. El informe muestra dos concesiones de opciones sobre acciones para empleados (cada una de 107.781 opciones) con precio de ejercicio de $10,11 y fecha de ejercicio/vencimiento indicada 12/08/2035, cada una listada como 107.781 opciones de las que se posee el beneficio tras las transacciones. El documento tambi茅n comunica unidades restringidas de acciones de 8.531 y 42.655, registradas como totales de 21.470 y 64.125 acciones ordinarias beneficiarias despu茅s de las operaciones reportadas. Los t茅rminos de la concesi贸n incluyen calendarios de adquisici贸n (vesting en tres cuotas y en dos cuotas, condicionados a la continuidad en el empleo) y derechos tandem de retenci贸n fiscal y equivalentes a dividendos. El formulario est谩 firmado por un apoderado en representaci贸n del Sr. Spessard con fecha 14/08/2025.
Matthew P. Spessard, 斓滉碃鞝曤炒毂呾瀯鞛� 瓴� The Wendy's Company (WEN) 鞚挫偓, 2025-08-12鞐� 攵�鞐悳 欤检嫕 氤挫儊 雮挫棴鞚� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 臧侁皝 107,781欤� 鞓奠厴鞙茧 甑劚霅� 霊� 瓯挫潣 鞛勳鞗� 鞀ろ啞鞓奠厴 攵�鞐岸� 旮办灛霅橃柎 鞛堨溂氅�, 頄夓偓臧赌瓴╈潃 $10.11, 頄夓偓/毵岆 鞓堨爼鞚检潃 2035-08-12搿� 響滌嫓霅橃柎 鞛堨溂氅�, 臧� 頃鞚� 瓯半灅 頉� 107,781 鞓奠厴鞚� 鞁れ鞝侅溂搿� 氤挫湢頃� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 霕愴暅 鞝滍暅攵� 欤检嫕 雼渼(RSU)臧赌 8,531欤检檧 42,655欤� 氤搓碃霅橃柎 瓯半灅 頉� 臧侁皝 齑� 21,470欤检檧 64,125欤检潣 氤错喌欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁矊 霅橂姅 瓴冹溂搿� 旮半霅橃柎 鞛堨姷雼堧嫟. 攵�鞐� 臁瓣贝鞐愲姅 攴检啀鞚� 臁瓣贝鞙茧 頃橂姅 3須� 攵勴暊 氚� 2須� 攵勴暊鞚� 氩犾姢韺� 鞚检爼瓿� 靹戈笀 鞗愳矞歆曥垬 氚� 氚半嫻霌标岸年秾鞐� 甏�頃� 韮犽崵(tandem) 甓岆Μ臧赌 韽暔霅╇媹雼�. 頃措嫻 靹滌嫕鞚� 2025-08-14鞐� 鞀ろ帢靷摐 鞌ゼ 雽�鞁犿暣 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
Matthew P. Spessard, directeur des syst猫mes d'information et administrateur de The Wendy's Company (WEN), a d茅clar茅 des attributions de titres en date du 12/08/2025. Le d茅p么t signale deux attributions d'options d'achat d'actions pour employ茅s (chacune de 107 781 options) avec un prix d'exercice de 10,11 $ et une date d'exercice/expiration indiqu茅e au 12/08/2035, chaque lot 茅tant inscrit comme 107 781 options d茅tenues b茅n茅ficiairement apr猫s les op茅rations. Le formulaire rapporte 茅galement des unit茅s d'actions restreintes (RSU) de 8 531 et 42 655, qui portent les totaux 脿 21 470 et 64 125 actions ordinaires d茅tenues b茅n茅ficiairement apr猫s les transactions d茅clar茅es. Les modalit茅s de l'attribution pr茅voient des calendriers d'acquisition (vesting en trois versements et en deux versements, conditionn茅s 脿 la poursuite de l'emploi) ainsi que des dispositions tandem pour la retenue fiscale et les droits 茅quivalents aux dividendes. Le formulaire est sign茅 par un mandataire au nom de M. Spessard le 14/08/2025.
Matthew P. Spessard, Chief Information Officer und Vorstand von The Wendy's Company (WEN), meldete Aktienzuwendungen am 12.08.2025. Die Einreichung weist zwei 惭颈迟补谤产别颈迟别谤-翱辫迟颈辞苍蝉辫濒盲苍别 aus (jeweils 107.781 Optionen) mit einem Aus眉bungspreis von $10,11 und einem angegebenen Aus眉bungs/Verfallsdatum 12.08.2035, wobei jeweils 107.781 Optionen nach den Transaktionen als wirtschaftlich gehalten ausgewiesen sind. Zudem werden Restricted Stock Units 眉产别谤 8.531 bzw. 42.655 ausgewiesen, die zu Best盲nden von 21.470 bzw. 64.125 Stammaktien nach den gemeldeten Transaktionen f眉hren. Die Gew盲hrungsbedingungen umfassen Vesting-Pl盲ne (dreiteilige bzw. zweiteilige Vestings, abh盲ngig von fortdauernder Besch盲ftigung) sowie tandemartige Regelungen zur Steuerabf眉hrung und zu dividenden盲quivalenten Rechten. Das Formular wurde am 14.08.2025 von einem Bevollm盲chtigten im Namen von Herrn Spessard unterzeichnet.
- Significant long-term equity grants were made to the CIO, indicating retention and alignment with shareholder interests.
- Clear vesting schedules are disclosed (two- and three-installment vesting), which links pay to continued service.
- Form 4 filed and signed, demonstrating timely insider disclosure procedures were followed.
- None.
Insights
TL;DR: Large multi-year equity awards granted to the CIO align long-term incentives with shareholder value through time-based vesting.
The filing documents substantial option and restricted stock unit grants to the Chief Information Officer on 08/12/2025: two option awards of 107,781 options each at a $10.11 exercise price and RSU awards of 8,531 and 42,655 units. Vesting is time-based (two- and three-installment schedules) and contingent on continued employment, with tax-withholding and dividend-equivalent provisions. From a pay-design perspective, the awards emphasize retention and long-term alignment rather than immediate cash compensation. The filing does not include grant-date fair value, total outstanding dilution, or comparisons to prior awards, limiting deeper compensation benchmarking.
TL;DR: The grant is a routine, disclosure-compliant insider award with standard vesting and tax provisions; no governance concerns evident in the filing.
The Form 4 shows an insider equity grant reported promptly and includes explicit vesting schedules and tax/delivery mechanics (tandem net exercise and withholding rights). The reporting person is identified as an officer and director, and the filing is executed by an attorney-in-fact. The document contains no indications of related-party transactions, accelerated vesting, or extraordinary terms that would raise governance flags. However, the filing lacks context on grant approval (e.g., compensation committee action) and comparative historical awards, so governance assessment is limited to the information provided.
Matthew P. Spessard, Chief Information Officer e membro del consiglio di The Wendy's Company (WEN), ha dichiarato la concessione di premi azionari in data 12/08/2025. Il documento segnala due sovvenzioni di stock option riservate ai dipendenti (ciascuna pari a 107.781 opzioni) con prezzo di esercizio pari a $10,11 e data indicativa di esercizio/scadenza 12/08/2035, ognuna riportata come 107.781 opzioni possedute beneficamente dopo le operazioni. Il filing indica inoltre restricted stock units per 8.531 e 42.655, che portano i totali a 21.470 e 64.125 azioni ordinarie possedute beneficamente dopo le transazioni comunicate. I termini della concessione prevedono piani di maturazione (vesting in tre tranche e in due tranche, subordinati alla permanenza in servizio) e disposizioni tandem per il prelievo fiscale e i diritti equivalenti ai dividendi. Il modulo 猫 firmato da un procuratore in nome e per conto del Sig. Spessard in data 14/08/2025.
Matthew P. Spessard, Director de Informaci贸n y miembro del consejo de The Wendy's Company (WEN), inform贸 adjudicaciones de capital con fecha 12/08/2025. El informe muestra dos concesiones de opciones sobre acciones para empleados (cada una de 107.781 opciones) con precio de ejercicio de $10,11 y fecha de ejercicio/vencimiento indicada 12/08/2035, cada una listada como 107.781 opciones de las que se posee el beneficio tras las transacciones. El documento tambi茅n comunica unidades restringidas de acciones de 8.531 y 42.655, registradas como totales de 21.470 y 64.125 acciones ordinarias beneficiarias despu茅s de las operaciones reportadas. Los t茅rminos de la concesi贸n incluyen calendarios de adquisici贸n (vesting en tres cuotas y en dos cuotas, condicionados a la continuidad en el empleo) y derechos tandem de retenci贸n fiscal y equivalentes a dividendos. El formulario est谩 firmado por un apoderado en representaci贸n del Sr. Spessard con fecha 14/08/2025.
Matthew P. Spessard, 斓滉碃鞝曤炒毂呾瀯鞛� 瓴� The Wendy's Company (WEN) 鞚挫偓, 2025-08-12鞐� 攵�鞐悳 欤检嫕 氤挫儊 雮挫棴鞚� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 臧侁皝 107,781欤� 鞓奠厴鞙茧 甑劚霅� 霊� 瓯挫潣 鞛勳鞗� 鞀ろ啞鞓奠厴 攵�鞐岸� 旮办灛霅橃柎 鞛堨溂氅�, 頄夓偓臧赌瓴╈潃 $10.11, 頄夓偓/毵岆 鞓堨爼鞚检潃 2035-08-12搿� 響滌嫓霅橃柎 鞛堨溂氅�, 臧� 頃鞚� 瓯半灅 頉� 107,781 鞓奠厴鞚� 鞁れ鞝侅溂搿� 氤挫湢頃� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 霕愴暅 鞝滍暅攵� 欤检嫕 雼渼(RSU)臧赌 8,531欤检檧 42,655欤� 氤搓碃霅橃柎 瓯半灅 頉� 臧侁皝 齑� 21,470欤检檧 64,125欤检潣 氤错喌欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁矊 霅橂姅 瓴冹溂搿� 旮半霅橃柎 鞛堨姷雼堧嫟. 攵�鞐� 臁瓣贝鞐愲姅 攴检啀鞚� 臁瓣贝鞙茧 頃橂姅 3須� 攵勴暊 氚� 2須� 攵勴暊鞚� 氩犾姢韺� 鞚检爼瓿� 靹戈笀 鞗愳矞歆曥垬 氚� 氚半嫻霌标岸年秾鞐� 甏�頃� 韮犽崵(tandem) 甓岆Μ臧赌 韽暔霅╇媹雼�. 頃措嫻 靹滌嫕鞚� 2025-08-14鞐� 鞀ろ帢靷摐 鞌ゼ 雽�鞁犿暣 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
Matthew P. Spessard, directeur des syst猫mes d'information et administrateur de The Wendy's Company (WEN), a d茅clar茅 des attributions de titres en date du 12/08/2025. Le d茅p么t signale deux attributions d'options d'achat d'actions pour employ茅s (chacune de 107 781 options) avec un prix d'exercice de 10,11 $ et une date d'exercice/expiration indiqu茅e au 12/08/2035, chaque lot 茅tant inscrit comme 107 781 options d茅tenues b茅n茅ficiairement apr猫s les op茅rations. Le formulaire rapporte 茅galement des unit茅s d'actions restreintes (RSU) de 8 531 et 42 655, qui portent les totaux 脿 21 470 et 64 125 actions ordinaires d茅tenues b茅n茅ficiairement apr猫s les transactions d茅clar茅es. Les modalit茅s de l'attribution pr茅voient des calendriers d'acquisition (vesting en trois versements et en deux versements, conditionn茅s 脿 la poursuite de l'emploi) ainsi que des dispositions tandem pour la retenue fiscale et les droits 茅quivalents aux dividendes. Le formulaire est sign茅 par un mandataire au nom de M. Spessard le 14/08/2025.
Matthew P. Spessard, Chief Information Officer und Vorstand von The Wendy's Company (WEN), meldete Aktienzuwendungen am 12.08.2025. Die Einreichung weist zwei 惭颈迟补谤产别颈迟别谤-翱辫迟颈辞苍蝉辫濒盲苍别 aus (jeweils 107.781 Optionen) mit einem Aus眉bungspreis von $10,11 und einem angegebenen Aus眉bungs/Verfallsdatum 12.08.2035, wobei jeweils 107.781 Optionen nach den Transaktionen als wirtschaftlich gehalten ausgewiesen sind. Zudem werden Restricted Stock Units 眉产别谤 8.531 bzw. 42.655 ausgewiesen, die zu Best盲nden von 21.470 bzw. 64.125 Stammaktien nach den gemeldeten Transaktionen f眉hren. Die Gew盲hrungsbedingungen umfassen Vesting-Pl盲ne (dreiteilige bzw. zweiteilige Vestings, abh盲ngig von fortdauernder Besch盲ftigung) sowie tandemartige Regelungen zur Steuerabf眉hrung und zu dividenden盲quivalenten Rechten. Das Formular wurde am 14.08.2025 von einem Bevollm盲chtigten im Namen von Herrn Spessard unterzeichnet.
FAQ
What did Matthew P. Spessard report on the Form 4 for WEN?
What is the exercise price and expiration for the options reported by the WEN CIO?
How do the reported restricted stock units vest for Mr. Spessard?
Who signed the Form 4 for the reporting person and when?
Does the Form 4 indicate any disposals or sales by Mr. Spessard?
