Form 4: Wendy's Co: Chief Accounting Officer Suzanne M. Thuerk Reports Stock Transactions
SEC Form 4 Filing
Suzanne M. Thuerk, Chief Accounting Officer of Wendy's Co, reports the vesting and subsequent disposal of shares related to restricted stock units.
Summary
- On August 11, 2024, Suzanne M. Thuerk, the Chief Accounting Officer of Wendy's Co, had restricted stock units vest, converting into 364 shares of common stock.
- Following the vesting, 109 shares were disposed of at a price of $17.12 to cover tax obligations.
- After these transactions, Thuerk directly owns 6,876 shares of Wendy's Co common stock and 7,917 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small fraction of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/11/2023 | Date the restricted stock units were granted, vesting in three equal installments on August 11, 2024, 2025 and 2026. |
| 08/11/2024 | Date of the reported transactions: vesting of restricted stock units and disposal of shares for tax obligations. |
| 08/13/2024 | Date of the Form 4 filing. |
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