Form 4: Wendy's Co: Officer Spessard Reports Stock Transactions
SEC Form 4 Filing
Chief Information Officer Matthew P. Spessard reports the acquisition and disposal of Wendy's Co common stock and restricted stock units.
Summary
- On August 11, 2024, Matthew P. Spessard, Chief Information Officer of Wendy's Co, reported transactions involving the company's stock.
- Spessard acquired 548 shares of common stock upon the vesting of restricted stock units.
- Simultaneously, 160 shares were disposed of to cover tax obligations at a price of $17.12 per share.
- Following these transactions, Spessard directly owns 3,093 shares of Wendy's Co common stock.
- Spessard also holds 8,067 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports required insider trading activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity.
Key Dates
| Date | Description |
|---|---|
| 08/11/2023 | Date the restricted stock units were granted. |
| 08/11/2024 | Date of the reported stock transactions and first vesting date of restricted stock units. |
| 08/11/2024 | First vesting date of the restricted stock units. |
| 08/13/2024 | Date of signature by Attorney-in-Fact. |
| 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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