Form 4: Denny's Corp Executive Schmidt Acquires Shares and Disposes of Shares to Cover Tax Obligations

David Peter Schmidt, President of Keke's at Denny's Corp, reports acquisition of 2,272 shares and disposition of 554 shares to cover tax obligations.

Summary

• On February 12, 2025, David Peter Schmidt, President of Keke's at Denny's Corporation, acquired 2,272 shares of common stock.
• These shares were awarded as part of the Denny's 2022 Long-Term Incentive Program.
• On the same day, Schmidt disposed of 554 shares of common stock at a price of $5.12 per share to satisfy tax obligations.
• Following these transactions, Schmidt directly owns 39,417 shares of Denny's Corp common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reflects standard insider trading activity related to compensation and tax obligations.

Positives

• The acquisition of shares reflects Schmidt's continued stake in Denny's Corp.

Negatives

• The disposition of shares, while for tax obligations, slightly reduces Schmidt's holdings.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.

Key Dates