Form 4: Wendy's CAO Thuerk Reports Stock Transactions

Wendy's Chief Accounting Officer, Suzanne M. Thuerk, reported the acquisition of 1,673 shares and disposition of 576 shares of common stock related to a long-term incentive plan.

Summary

• Suzanne M. Thuerk, Chief Accounting Officer of The Wendy's Company (WEN), reported transactions involving the company's common stock.
• On February 23, 2026, Ms. Thuerk acquired 1,673 shares of common stock at a price of $0 per share.
• This acquisition reflects the settlement of performance units granted to Ms. Thuerk in February 2023 as part of the company's long-term incentive plan.
• Concurrently, on February 23, 2026, Ms. Thuerk disposed of 576 shares of common stock at a price of $7.77 per share.
• Following these transactions, Ms. Thuerk beneficially owns 12,619 shares of Wendy's common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the payout of a long-term incentive plan, which suggests performance targets were met. The subsequent disposition is a common practice for tax obligations.

Positives

• The acquisition of shares stems from the settlement of performance units, indicating successful achievement of long-term incentive plan goals.
• The transaction demonstrates management's continued participation in the company's equity compensation programs.

Negatives

• A portion of the acquired shares (576 shares) was disposed of, likely for tax withholding purposes, which reduces the net increase in direct ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as the settlement of performance-based equity awards, are common across the restaurant industry as part of executive compensation structures. These filings provide transparency into management's direct ownership changes but typically do not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minor impact due to a slight change in insider ownership, reflecting the execution of an existing compensation plan.
• Employees: Reinforces the company's commitment to performance-based compensation for executives.

Key Dates

Keywords

Wendy's, WEN, Suzanne M. Thuerk, Chief Accounting Officer, Insider Trading, Form 4, Stock Transaction, Equity Compensation, Performance Units, Long-Term Incentive Plan