Form 4: Denny's Corp Executive Gail Sharps Myers Reports Stock Transactions
SEC Form 4 Filing
Gail Sharps Myers, EVP, Chief Legal & Administrative Officer, and Secretary of Denny's Corporation, reports acquisition and disposal of common stock.
Summary
- On February 12, 2025, Gail Sharps Myers acquired 3,142 shares of Denny's Corp common stock at $0, representing the payout of performance shares earned under the 2022 Long-Term Incentive Program.
- On the same day, she disposed of 960 shares of common stock at $5.12.
- Following these transactions, Myers directly owns 71,257 shares of Denny's Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, which is neutral in sentiment.
Positives
- The acquisition of shares indicates that performance targets were met under the 2022 Long-Term Incentive Program.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market regarding the buying and selling activities of company executives.
Stakeholder Impact
- Shareholders are informed about insider transactions, providing transparency into executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of stock acquisition and disposal. |
| 02/14/2025 | Date of signature by Attorney-in-Fact. |
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