O'Brien Matthew Coley 4

What Happened

• Matthew Coley O'Brien, Chief People Officer of Wendy's Co (WEN), was granted a total of 1,875 restricted stock units (RSUs) on March 16, 2026. The filing shows four grant entries: 38, 101, 290, and 1,446 units, each at $0.00 (award/derivative). The 38-unit entry represents dividend-equivalent units issued the same day.
• These are awards (not purchases or sales). Each RSU is a contingent right to receive one share of Wendy's common stock upon vesting; no cash payment was made for the grants.

Key Details

• Transaction date: March 16, 2026 (Form 4 filed March 18, 2026 — appears timely).
• Grant details: 38 | 101 | 290 | 1,446 RSUs; grant price $0.00; total 1,875 units. The 38-unit item is dividend-equivalent units.
• Shares owned after transaction: Not stated in the provided filing.
• Notable footnotes: F1 — tandem dividend-equivalent rights and tax-withholding rights; F2 — each RSU = right to one share; F3 — 38 dividend equivalent units; F4–F7 — vesting schedules (see below). No 10b5-1 plan or sale/option-exercise reported.
• Vesting (per filing footnotes): awards vest in installments contingent on continued employment — some vest in one remaining installment (Aug 11, 2026), some in two equal installments (Aug 5, 2026 & 2027 or Aug 12, 2026 & 2027), and some in three equal installments (Aug 12, 2026–2028).

Context

• RSUs are derivative awards that convert to shares only upon vesting; they do not represent immediate share purchases or sales and are common components of executive compensation.
• The grants include dividend-equivalent rights and standard tax-withholding provisions; they should be interpreted as compensation awards, not direct signals of buying or selling stock.