Form 4: Denny's Corp Director Lauderback Reports Stock Transactions
SEC Form 4
Director Brenda J. Lauderback reports acquisition and disposal of Denny's Corp stock and deferred stock units.
Summary
- Brenda J. Lauderback, a director of Denny's Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 16, 2024, 15,406 deferred stock units vested and converted to common stock.
- As of May 16, 2024, Lauderback directly owns 195,456 deferred stock units.
- On May 15, 2024, Lauderback acquired 20,196 deferred stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company director, with no inherent positive or negative sentiment.
Future Outlook
The deferred stock units vest 100% upon the first anniversary of the date of grant and are payable on a '1-for-1' basis in common stock of the Issuer immediately following the vesting date.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Acquisition of 20,196 deferred stock units. |
| 05/16/2024 | Vesting and conversion of 15,406 deferred stock units to common stock. |
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