Min John 4

What Happened
John Min, Chief Legal Officer & Secretary of Wendy's Co (WEN), was granted a total of 2,340 restricted stock units (RSUs) on March 16, 2026. The grant is reported as three derivative awards: 303 RSUs, 340 RSUs and 1,697 RSUs — each recorded at $0 (no cash paid at grant). These awards include tandem dividend equivalent rights and tax withholding rights and represent contingent rights to receive one share per RSU.

Key Details

• Transaction date: March 16, 2026 (Form 4 filed March 18, 2026 — appears timely).
• Grants: 303 RSUs, 340 RSUs, 1,697 RSUs — total 2,340 RSUs; acquisition code A (award/grant). Price per share listed as $0.00 at grant.
• Vesting (per filing footnotes):
  • 1,697 RSUs vest in full on Sept 16, 2027 (subject to continued employment).
  • 340 RSUs vest in three equal installments on Aug 12, 2026, 2027 and 2028 (subject to continued employment).
  • 303 RSUs vest in two equal installments on Aug 12, 2026 and 2027 (subject to continued employment).
• Dividend equivalents: Dividend equivalent units were issued on March 16, 2026 and are tandem with the RSUs.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Filing code/notes: Awards are derivative (A). Tax withholding rights apply; no 10b5-1 or sale indicated.

Context
RSUs are a form of equity compensation that give the holder the right to receive shares in the future if vesting conditions are met; they are not an open‑market purchase or sale. Because these are compensation awards (not purchases), they reflect company pay practices rather than an immediate insider purchase signal. Tax withholding provisions mean some shares may be retained later to cover taxes when RSUs vest.