Form 4: Wendy's Co: E.J. Wunsch Reports Stock Transactions
SEC Form 4 Filing
E.J. Wunsch, President, International at Wendy's Co, reports the vesting and subsequent disposal of restricted stock units to cover tax obligations.
Summary
- On August 11, 2024, E.J. Wunsch, President, International at Wendy's Co, had restricted stock units vest.
- A total of 2,691 shares were acquired upon vesting of the restricted stock units.
- 804 shares were disposed of at a price of $17.12 to cover tax obligations.
- Following these transactions, Mr. Wunsch directly owns 62,286 shares of Wendy's Co common stock and 19,986 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/11/2023 | Date the restricted stock units were granted. |
| 08/11/2024 | Date of the reported transactions (vesting and disposal of shares). |
| 08/11/2024 | First vesting date of the restricted stock units. |
| 08/13/2024 | Date of the report filing. |
| 08/11/2025 | Second vesting date of the restricted stock units. |
| 08/11/2026 | Third vesting date of the restricted stock units. |
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