Form 4: Wendy's Co: Chief Accounting Officer Suzanne M. Thuerk Reports Changes in Beneficial Ownership

Suzanne M. Thuerk, Chief Accounting Officer of Wendy's Co, reports the acquisition of restricted stock units with tandem dividend equivalent rights and tax withholding rights.

Summary

• On March 15, 2024, Suzanne M. Thuerk, the Chief Accounting Officer of Wendy's Co, reported changes in her beneficial ownership of the company's securities.
• She acquired 21 restricted stock units that will vest on August 13, 2024, subject to continued employment.
• She also acquired 51 restricted stock units that will vest on August 12, 2025, subject to continued employment.
• Additionally, she acquired 14 restricted stock units that will vest in three equal installments on August 11, 2024, 2025, and 2026, subject to continued employment.
• Each restricted stock unit represents a contingent right to receive one share of Wendy's Co common stock.
• Following these transactions, Ms. Thuerk directly owns 6,388 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of stock units by an executive is generally viewed as a positive sign, but it's a standard part of compensation.

Positives

• The acquisition of restricted stock units indicates confidence in the company's future performance from a key executive.

Future Outlook

The vesting of the restricted stock units is contingent upon Ms. Thuerk's continued employment with the company.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.

Key Dates