Form 4: Wendy's Executive Suzanne Thuerk Reports Stock Transactions
SEC Form 4 Filing
Suzanne Thuerk, Chief Accounting Officer of Wendy's, reports the vesting and subsequent disposal of restricted stock units.
Summary
- This Form 4 filing reports changes in beneficial ownership of Wendy's Co [WEN] stock by Suzanne M. Thuerk, the Chief Accounting Officer.
- On August 13, 2024, Ms. Thuerk vested 1,556 restricted stock units, each representing a contingent right to receive one share of Wendy's common stock.
- Also on August 13, 2024, 465 shares were disposed of at a price of $17.09 to cover tax obligations.
- Following these transactions, Ms. Thuerk directly owns 7,967 shares of Wendy's common stock and 6,361 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices and tax obligation fulfillment.
Key Dates
| Date | Description |
|---|---|
| 08/13/2021 | Restricted stock units were granted. |
| 08/13/2024 | Restricted stock units fully vested and shares were disposed of for tax obligations. |
| 08/15/2024 | Date of the Form 4 filing. |
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