Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-10

Wendy's (WEN)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,590,665
Kirk Tanner total, FY2025
1st
CEO pay percentile vs peers
181:1
CEO-to-median pay ratio
93.68%
Say-on-pay support, latest vote
Companies that benchmark against WEN
13 companies name WEN as a compensation peer

Each company listed discloses WEN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named WEN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Kirk Tanner$559,726$0$4,019,990$0$0$0$10,949$4,590,665
Former President and Chief Executive Officer
Ken Cook698,17802,336,232778,748326,7000363,5824,503,440
Interim Chief Executive Officer and Chief Financial Officer
E.J. Wunsch634,50702,279,969759,999253,440028,5943,956,509
President, International
John Min609,57501,672,490557,498207,0090844,5163,891,088
Chief Legal Officer and Secretary
Pete Suerken328,76702,449,992374,999312,50009,9043,476,162
President, U.S.

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Kirk Tanner$4,590,665$17,308,117−12,717,452
Ken Cook4,503,440
E.J. Wunsch3,956,509
John Min3,891,088
Pete Suerken3,476,162

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Kristin A. DolanDirector2026-04-03A1,047$7$7,476CommonForm 4 ↗
Bradley G. PeltzDirector2026-04-03A3,448724,619CommonForm 4 ↗
Peter W. MayDirector2026-04-03A4,166729,745CommonForm 4 ↗
Michelle Caruso-CabreraDirector2026-05-20A20,96700CommonForm 4 ↗
Peter H. RothschildDirector2026-05-20A20,96700CommonForm 4 ↗
Arthur B. WinkleblackDirector2026-05-20A32,58000CommonForm 4 ↗
Michelle J. Mathews-SpradlinDirector2026-05-20A20,96700CommonForm 4 ↗
Richard H. GomezDirector2026-05-20A20,96700CommonForm 4 ↗
Bradley G. PeltzDirector2026-05-20A20,96700CommonForm 4 ↗
Peter W. MayDirector2026-05-20A20,96700CommonForm 4 ↗
Wendy C. ArlinDirector2026-05-20A20,96700Derivative, Class A CommonForm 4 ↗
Robert D. WrightDirector2026-05-21A118,11000Derivative, Class A CommonForm 4 ↗
Robert D. WrightDirector2026-05-21A1,772,89800Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-06-1510,8209 insiders, 31 accrual rows
Ken CookChief Financial Officer2026-06-15A3,16300Derivative, Class A CommonForm 4 ↗
Pete SuerkenPresident, U.S.2026-06-15A2,95100Derivative, Class A CommonForm 4 ↗
Robert D. WrightDirector2026-06-15A2,39200Derivative, Class A CommonForm 4 ↗
E.J. WunschPresident, International2026-06-15A2,40400Derivative, Class A CommonForm 4 ↗
Steven CirulisCFO & Chf Strategy Ofc2026-06-23A707,81100Derivative, Class A CommonForm 4 ↗
Steven CirulisCFO & Chf Strategy Ofc2026-06-23A39,53600Derivative, Class A CommonForm 4 ↗
Peter W. MayDirector2026-06-29A4,262729,749CommonForm 4 ↗
Bradley G. PeltzDirector2026-06-29A3,527724,618CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 52 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Kristin A. DolanDirector2026-04-03A1,047$7$7,476CommonForm 4 ↗
Bradley G. PeltzDirector2026-04-03A3,448724,619CommonForm 4 ↗
Peter W. MayDirector2026-04-03A4,166729,745CommonForm 4 ↗
Michelle Caruso-CabreraDirector2026-05-20A20,96700CommonForm 4 ↗
Peter H. RothschildDirector2026-05-20A20,96700CommonForm 4 ↗
Arthur B. WinkleblackDirector2026-05-20A32,58000CommonForm 4 ↗
Michelle J. Mathews-SpradlinDirector2026-05-20A20,96700CommonForm 4 ↗
Richard H. GomezDirector2026-05-20A20,96700CommonForm 4 ↗
Bradley G. PeltzDirector2026-05-20A20,96700CommonForm 4 ↗
Peter W. MayDirector2026-05-20A20,96700CommonForm 4 ↗
Wendy C. ArlinDirector2026-05-20A20,96700Derivative, Class A CommonForm 4 ↗
Robert D. WrightDirector2026-05-21A118,11000Derivative, Class A CommonForm 4 ↗
Robert D. WrightDirector2026-05-21A1,772,89800Derivative, Class A CommonForm 4 ↗
Wendy C. ArlinDirector2026-06-15A20900Derivative, Class A CommonForm 4 ↗
Ken CookChief Financial Officer2026-06-15A3,16300Derivative, Class A CommonForm 4 ↗
Aaron M. KaleChief Accounting Officer2026-06-15A13100Derivative, Class A CommonForm 4 ↗
Liliana EspositoChf Corp Affrs & Sustnblty Ofc2026-06-15A25300Derivative, Class A CommonForm 4 ↗
Pete SuerkenPresident, U.S.2026-06-15A2,95100Derivative, Class A CommonForm 4 ↗
Robert D. WrightDirector2026-06-15A2,39200Derivative, Class A CommonForm 4 ↗
Lindsay J. RadkoskiCMO, U.S.2026-06-15A4400Derivative, Class A CommonForm 4 ↗
Lindsay J. RadkoskiCMO, U.S.2026-06-15A1,10700Derivative, Class A CommonForm 4 ↗
Matthew P. SpessardChief Information Officer2026-06-15A4700Derivative, Class A CommonForm 4 ↗
Matthew P. SpessardChief Information Officer2026-06-15A18200Derivative, Class A CommonForm 4 ↗
Matthew P. SpessardChief Information Officer2026-06-15A90900Derivative, Class A CommonForm 4 ↗
E.J. WunschPresident, International2026-06-15A6100Derivative, Class A CommonForm 4 ↗
Wendy C. ArlinDirector2026-06-15A42400Derivative, Class A CommonForm 4 ↗
Liliana EspositoChf Corp Affrs & Sustnblty Ofc2026-06-15A3500Derivative, Class A CommonForm 4 ↗
Matthew P. SpessardChief Information Officer2026-06-15A1200Derivative, Class A CommonForm 4 ↗
Wendy C. ArlinDirector2026-06-15A30100Derivative, Class A CommonForm 4 ↗
Lindsay J. RadkoskiCMO, U.S.2026-06-15A11000Derivative, Class A CommonForm 4 ↗
E.J. WunschPresident, International2026-06-15A22000Derivative, Class A CommonForm 4 ↗
E.J. WunschPresident, International2026-06-15A2,40400Derivative, Class A CommonForm 4 ↗
John MinChief Legal Ofcr & Secretary2026-06-15A35300Derivative, Class A CommonForm 4 ↗
Lindsay J. RadkoskiCMO, U.S.2026-06-15A18200Derivative, Class A CommonForm 4 ↗
Lindsay J. RadkoskiCMO, U.S.2026-06-15A65700Derivative, Class A CommonForm 4 ↗
Ken CookChief Financial Officer2026-06-15A35300Derivative, Class A CommonForm 4 ↗
Liliana EspositoChf Corp Affrs & Sustnblty Ofc2026-06-15A1,26500Derivative, Class A CommonForm 4 ↗
Lindsay J. RadkoskiCMO, U.S.2026-06-15A1200Derivative, Class A CommonForm 4 ↗
E.J. WunschPresident, International2026-06-15A48100Derivative, Class A CommonForm 4 ↗
John MinChief Legal Ofcr & Secretary2026-06-15A1,76400Derivative, Class A CommonForm 4 ↗
John MinChief Legal Ofcr & Secretary2026-06-15A31400Derivative, Class A CommonForm 4 ↗
Ken CookChief Financial Officer2026-06-15A37000Derivative, Class A CommonForm 4 ↗
Aaron M. KaleChief Accounting Officer2026-06-15A3500Derivative, Class A CommonForm 4 ↗
Aaron M. KaleChief Accounting Officer2026-06-15A5700Derivative, Class A CommonForm 4 ↗
Pete SuerkenPresident, U.S.2026-06-15A47500Derivative, Class A CommonForm 4 ↗
Liliana EspositoChf Corp Affrs & Sustnblty Ofc2026-06-15A9200Derivative, Class A CommonForm 4 ↗
Lindsay J. RadkoskiCMO, U.S.2026-06-15A22100Derivative, Class A CommonForm 4 ↗
Matthew P. SpessardChief Information Officer2026-06-15A14400Derivative, Class A CommonForm 4 ↗
Steven CirulisCFO & Chf Strategy Ofc2026-06-23A707,81100Derivative, Class A CommonForm 4 ↗
Steven CirulisCFO & Chf Strategy Ofc2026-06-23A39,53600Derivative, Class A CommonForm 4 ↗
Peter W. MayDirector2026-06-29A4,262729,749CommonForm 4 ↗
Bradley G. PeltzDirector2026-06-29A3,527724,618CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John Min2025-02-20041,97783,954$668,992
John MinOPTION2025-08-1216,543167,250
John MinOPTION2025-08-1210278,749
Ken CookOPTION2025-08-12148,3671,499,990
Pete SuerkenOPTION2025-07-22138,3761,499,996
Pete SuerkenOPTION2025-08-12281,169374,999
Ken CookOPTION2025-08-12209,002278,749
Pete SuerkenOPTION2025-08-1222,255224,998
Kirk TannerPSU2025-02-200252,241504,4824,019,990
Ken CookOPTION2025-08-12374,892499,999
Ken CookPSU2025-02-20041,97783,954668,992
John MinOPTION2025-08-1282,715836,249
John MinOPTION2025-08-12209,002278,749
Pete SuerkenPSU2025-08-12068,577137,154724,998
Ken CookOPTION2025-08-1216,543167,250
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Min$0$0$1,560,9970.0%
Ken Cook0668,9922,445,98821.5%
Pete Suerken0724,9982,099,99325.7%
Kirk Tanner04,019,9900100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
E.J. WunschOption17,11921.53
Ken CookRSU153,1001,278,385
E.J. WunschRSU23,270194,305
John MinRSU17,070142,535
Ken CookRSU17,070142,535
John MinRSU85,354712,706
Pete SuerkenRSU22,965191,758
Ken CookRSU17,899149,457
John MinRSU15,193126,862
E.J. WunschRSU10,63588,802
Pete SuerkenOption281,16910.11
E.J. WunschRSU31,182260,370
E.J. WunschRSU16,101134,443
E.J. WunschRSU2,95024,633
Ken CookOption374,89210.11
Pete SuerkenRSU142,7901,192,297
E.J. WunschRSU116,356971,573
John MinOption209,00210.11
Ken CookOption209,00210.11
E.J. WunschOption79,10116.7
E.J. WunschOption284,91810.11
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation program for the Company's executives is designed to support the Company's business objectives by linking executive compensation to the Company's attainment of annual and multiyear operating and financial goals, individual performance and the creation of long-term stockholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedging
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-20107,732,6826,462,483805,27193.68%Passed
20252025-05-21144,037,4503,421,617826,63297.14%Passed
20242024-05-21157,439,4593,855,075766,16797.15%Passed
20232023-05-16162,035,2993,881,394726,97397.23%Passed
20222022-05-18160,652,5134,296,3471,268,39996.65%Passed
20212021-05-18156,159,2682,863,4811,238,54097.44%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2093.68%a
20252025-05-2197.14%b
20242024-05-2197.15%c

a. Approved under the standard stated in the filing — “Like abstentions, broker non-votes are counted as present for the purpose of establishing a quorum, but, unlike abstentions, they are not counted for the purpose of determining the number of shares present (in person or by proxy) and entitled to vote on particular proposals.”.

b. Approved under the standard stated in the filing — “Abstentions will be the equivalent of an "against" vote on proposals that require the affirmative vote of a majority of the shares of Common Stock present (in person or by proxy) and entitled to vote at the Annual Meeting (Proposals 2, 3, 4, 5 and 6).”.

c. Approved under the standard stated in the filing — “Abstentions will be the equivalent of an "against" vote on proposals that require the affirmative vote of a majority of the shares of Common Stock present (in person or by proxy) and entitled to vote at the Annual Meeting (Proposals 2, 3, 4, 5 and 6).”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)181 : 1
CEO total compensation$4,503,440
Median employee compensation$24,880
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Arthur B. WinkleblackIndependent · Board Chair · Audit · Capital and Investment · Executive · Nominating and Corporate Governance (Chair)$221,000$237,500$0$0$0$458,500
Peter H. RothschildIndependent · Audit · Compensation and Human Capital (Chair) · Executive · Nominating and Corporate Governance143,000162,500000305,500
Peter W. MayIndependent · Capital and Investment (Chair) · Compensation and Human Capital · Corporate Social Responsibility · Executive · Technology136,690162,500000299,190
Wendy C. ArlinIndependent · Audit (Chair) · Capital and Investment · Compensation and Human Capital128,500162,500000291,000
Michelle J. Mathews-SpradlinIndependent · Compensation and Human Capital · Nominating and Corporate Governance · Technology (Chair)126,812162,500000289,312
Richard H. GomezIndependent · Compensation and Human Capital · Corporate Social Responsibility · Technology105,879162,500000268,379
Kristin A. DolanIndependent · Nominating and Corporate Governance · Technology102,318162,500000264,818
Michelle Caruso-CabreraIndependent · Audit · Corporate Social Responsibility102,000162,500000264,500
Bradley G. PeltzIndependent · Corporate Social Responsibility · Technology · Newly elected47,085141,131000188,216
Kenneth W. GilbertIndependent · Corporate Social Responsibility · Technology · Departed during FY49,250000100,000149,250
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,162,534
Equity awards (grant-date value)$1,516,131
All other compensation$100,000
Total cost of the board$2,778,665

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Wendy's names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Wendy's.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Darden Restaurants, Inc.2026Ricardo Cardenas$1,325,000$25,879,154$2,380,093$4,107,501$34,815,979
2Starbucks Corporation2025Brian Niccol1,599,99819,881,58501,971,00030,992,773
3Brinker International, Inc.2025Kevin Hochman991,15426,499,87902,929,61530,465,768
4YUM! Brands, Inc.2025David Gibbs1,380,76912,459,2263,750,0123,024,00020,861,526
5McDonald's Corporation2025Christopher Kempczinski1,550,0008,000,2158,000,0662,367,16020,574,525
6Chipotle Mexican Grill, Inc.2025Scott Boatwright1,095,3857,800,0025,200,0071,155,00015,455,736
7Restaurant Brands International Inc.2025Joshua Kobza950,00012,317,91201,869,27615,159,780
8Texas Roadhouse, Inc.2025Gerald Morgan1,356,5388,410,9280909,41310,822,133
9Domino's Pizza, Inc.2025Russell Weiner925,0005,803,3941,812,5111,850,00010,696,081
10Papa John's International Inc.2025Todd Penegor1,000,0005,300,02601,585,5008,442,953
11Cracker Barrel Old Country Store, Inc.2023Sandra Cochran1,175,0004,985,39301,673,2008,271,679
12Bloomin Brands, Inc.2025Michael Spanos1,000,0003,333,33701,155,0005,495,861
13Dine Brands Global, Inc.2025John Peyton1,000,0002,213,57702,158,5005,417,315
14Jack in the Box Inc.2025Lance Tucker624,0383,636,0950310,5215,271,591
15Wendy's2025Kirk Tanner559,7264,019,990004,590,665

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Wendy's39.6%PSU 60 · Options 25 · RSU 15NoFW Cook
Bloomin Brands, Inc.66%PSU 67 · RSU 33NoFW Cook
Brinker International, Inc.200%PSU 60 · RSU 40NoPearl Meyer & Partners
Chipotle Mexican Grill, Inc.53%PSU 60 · Options 20 · RSU 20NoMeridian Compensation Partners, LLC
Cracker Barrel Old Country Store, Inc.89%PSU 50 · RSU 50NoFW Cook
Darden Restaurants, Inc.155%PSU 50 · Options 25 · RSU 25Yes — Relative TSRPearl Meyer
Dine Brands Global, Inc.91.96%Cash LTI 75 · RSU 25NoExequity LLP
Domino's Pizza, Inc.100.0%PSU 55 · Options 25 · RSU 20NoMeridian Compensation Partners, LLC
Jack in the Box Inc.47.6%PSU 50 · RSU 50NoMeridian Compensation Partners
McDonald's Corporationnot disclosedPRSU 50 · Option 50not disclosedSemler Brossy Consulting Group LLC
Papa John's International Inc.105.7%RSU 50 · PSU 50NoMeridian Compensation Partners
Restaurant Brands International Inc.98%not disclosedYes — Relative TSR vs S&P 500Frederic W. Cook & Co., Inc.
Starbucks Corporation54.8%PSU 60 · RSU 40NoPay Governance
Texas Roadhouse, Inc.65%RSU 50 · PSU 50NoFW Cook
YUM! Brands, Inc.68%PSU 50 · RSU 25 · Options 25Yes — TSR relative to S&P 500 Consumer Discretionary IndexMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Kirk TannerDEF 14A2026-04-020001193125-26-140220Section “2025 SUMMARY COMPENSATION TABLE” · page 57. As printed: 4,590,665. Filing ↗machine: t191 · r15 · c39 · span 1049351–1049360
2Section 01, Ken CookDEF 14A2026-04-020001193125-26-140220Section “2025 SUMMARY COMPENSATION TABLE” · page 57. As printed: 4,503,440. Filing ↗machine: t191 · r4 · c39 · span 1016590–1016599
3Section 01, E.J. WunschDEF 14A2026-04-020001193125-26-140220Section “2025 SUMMARY COMPENSATION TABLE” · page 57. As printed: 3,956,509. Filing ↗machine: t191 · r9 · c39 · span 1029879–1029888
4Section 01, John MinDEF 14A2026-04-020001193125-26-140220Section “2025 SUMMARY COMPENSATION TABLE” · page 57. As printed: 3,891,088. Filing ↗machine: t191 · r13 · c39 · span 1045869–1045878
5Section 01, Pete SuerkenDEF 14A2026-04-020001193125-26-140220Section “2025 SUMMARY COMPENSATION TABLE” · page 57. As printed: 3,476,162. Filing ↗machine: t191 · r7 · c39 · span 1025252–1025261
6Section 03, John Min DEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r41 · c39 · span 1211821–1211827
7Section 03, John Min OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r43 · c49 · span 1219784–1219790
8Section 03, John Min OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r43 · c64 · span 1221198–1221200
9Section 03, Ken Cook OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r11 · c49 · span 1127882–1127889
10Section 03, Pete Suerken OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r23 · c49 · span 1164230–1164237
11Section 03, Pete Suerken OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r25 · c54 · span 1171728–1171735
12Section 03, Ken Cook OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r13 · c54 · span 1133155–1133162
13Section 03, Pete Suerken OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r21 · c49 · span 1157215–1157221
14Section 03, Kirk Tanner PSUDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r53 · c39 · span 1252899–1252906
15Section 03, Ken Cook OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r15 · c54 · span 1138031–1138038
16Section 03, Ken Cook PSUDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r7 · c39 · span 1117354–1117360
17Section 03, John Min OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r45 · c49 · span 1226799–1226805
18Section 03, John Min OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r47 · c54 · span 1234294–1234301
19Section 03, Pete Suerken PSUDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r19 · c39 · span 1149251–1149257
20Section 03, Ken Cook OPTIONDEF 14A2026-04-020001193125-26-140220Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r9 · c49 · span 1122967–1122973
21Section 07, pay ratioDEF 14A2026-04-020001193125-26-140220Section “CEO Pay Ratio”. As printed: 181 : 1. Filing ↗machine: span 1563833–1563836
22Section 08, Arthur B. WinkleblackDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 458,500. Filing ↗machine: t315 · r4 · c19 · span 1865898–1865905
23Section 08, Peter H. RothschildDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 305,500. Filing ↗machine: t315 · r24 · c19 · span 1890470–1890477
24Section 08, Peter W. MayDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 299,190. Filing ↗machine: t315 · r6 · c19 · span 1868188–1868195
25Section 08, Wendy C. ArlinDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 291,000. Filing ↗machine: t315 · r10 · c19 · span 1873223–1873230
26Section 08, Michelle J. Mathews-SpradlinDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 289,312. Filing ↗machine: t315 · r20 · c19 · span 1886034–1886041
27Section 08, Richard H. GomezDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 268,379. Filing ↗machine: t315 · r18 · c19 · span 1883278–1883285
28Section 08, Kristin A. DolanDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 264,818. Filing ↗machine: t315 · r14 · c19 · span 1878267–1878274
29Section 08, Michelle Caruso-CabreraDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 264,500. Filing ↗machine: t315 · r12 · c19 · span 1875974–1875981
30Section 08, Bradley G. PeltzDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 188,216. Filing ↗machine: t315 · r22 · c19 · span 1888323–1888330
31Section 08, Kenneth W. GilbertDEF 14A2026-04-020001193125-26-140220Section “Director Compensation”. As printed: 149,250. Filing ↗machine: t315 · r16 · c19 · span 1880984–1880991
32Section 02, Kristin A. Dolan 2026-04-03Form 42026-04-070000030697-26-000052Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Bradley G. Peltz 2026-04-03Form 42026-04-070000030697-26-000053Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Peter W. May 2026-04-03Form 42026-04-070001193125-26-145827Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Michelle Caruso-Cabrera 2026-05-20Form 42026-05-220000030697-26-000068Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Peter H. Rothschild 2026-05-20Form 42026-05-220000030697-26-000072Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Arthur B. Winkleblack 2026-05-20Form 42026-05-220000030697-26-000073Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Michelle J. Mathews-Spradlin 2026-05-20Form 42026-05-220000030697-26-000070Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Richard H. Gomez 2026-05-20Form 42026-05-220000030697-26-000069Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Bradley G. Peltz 2026-05-20Form 42026-05-220000030697-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Peter W. May 2026-05-20Form 42026-05-220001193125-26-237082Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Wendy C. Arlin 2026-05-20Form 42026-05-220000030697-26-000074Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Robert D. Wright 2026-05-21Form 42026-05-260000030697-26-000080Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Robert D. Wright 2026-05-21Form 42026-05-260000030697-26-000080Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Wendy C. Arlin 2026-06-15Form 42026-06-170000030697-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Ken Cook 2026-06-15Form 42026-06-170000030697-26-000095Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Aaron M. Kale 2026-06-15Form 42026-06-170000030697-26-000094Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Liliana Esposito 2026-06-15Form 42026-06-170000030697-26-000093Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Pete Suerken 2026-06-15Form 42026-06-170000030697-26-000098Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Robert D. Wright 2026-06-15Form 42026-06-170000030697-26-000097Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Lindsay J. Radkoski 2026-06-15Form 42026-06-170000030697-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Lindsay J. Radkoski 2026-06-15Form 42026-06-170000030697-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Matthew P. Spessard 2026-06-15Form 42026-06-170000030697-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Matthew P. Spessard 2026-06-15Form 42026-06-170000030697-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Matthew P. Spessard 2026-06-15Form 42026-06-170000030697-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, E.J. Wunsch 2026-06-15Form 42026-06-170000030697-26-000100Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Wendy C. Arlin 2026-06-15Form 42026-06-170000030697-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Liliana Esposito 2026-06-15Form 42026-06-170000030697-26-000093Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Matthew P. Spessard 2026-06-15Form 42026-06-170000030697-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Wendy C. Arlin 2026-06-15Form 42026-06-170000030697-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Lindsay J. Radkoski 2026-06-15Form 42026-06-170000030697-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, E.J. Wunsch 2026-06-15Form 42026-06-170000030697-26-000100Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, E.J. Wunsch 2026-06-15Form 42026-06-170000030697-26-000100Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, John Min 2026-06-15Form 42026-06-170000030697-26-000099Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Lindsay J. Radkoski 2026-06-15Form 42026-06-170000030697-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Lindsay J. Radkoski 2026-06-15Form 42026-06-170000030697-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Ken Cook 2026-06-15Form 42026-06-170000030697-26-000095Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Liliana Esposito 2026-06-15Form 42026-06-170000030697-26-000093Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Lindsay J. Radkoski 2026-06-15Form 42026-06-170000030697-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, E.J. Wunsch 2026-06-15Form 42026-06-170000030697-26-000100Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, John Min 2026-06-15Form 42026-06-170000030697-26-000099Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, John Min 2026-06-15Form 42026-06-170000030697-26-000099Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Ken Cook 2026-06-15Form 42026-06-170000030697-26-000095Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Aaron M. Kale 2026-06-15Form 42026-06-170000030697-26-000094Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Aaron M. Kale 2026-06-15Form 42026-06-170000030697-26-000094Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Pete Suerken 2026-06-15Form 42026-06-170000030697-26-000098Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Liliana Esposito 2026-06-15Form 42026-06-170000030697-26-000093Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Lindsay J. Radkoski 2026-06-15Form 42026-06-170000030697-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Matthew P. Spessard 2026-06-15Form 42026-06-170000030697-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Steven Cirulis 2026-06-23Form 42026-06-250000030697-26-000107Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Steven Cirulis 2026-06-23Form 42026-06-250000030697-26-000107Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Peter W. May 2026-06-29Form 42026-07-010001193125-26-292836Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Bradley G. Peltz 2026-06-29Form 42026-07-010000030697-26-000109Insider equity transaction reported since the proxy statement. Filing ↗
84Section 06, 2026 voteForm 8-K2026-05-220001193125-26-236835Item 5.07 · say-on-pay result. As reported: 93.68% (votes for as printed: 107,732,682). Filing ↗
85Section 06, 2025 voteForm 8-K2025-05-220001193125-25-125119Item 5.07 · say-on-pay result. As reported: 97.14% (votes for as printed: 144,037,450). Filing ↗
86Section 06, 2024 voteForm 8-K2024-05-230001193125-24-145508Item 5.07 · say-on-pay result. As reported: 97.15% (votes for as printed: 157,439,459). Filing ↗
87Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
88Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
89Section 09b board cost (computed)ComputedcomputedCash 1,162,534 + equity 1,516,131 + all other 100,000 = 2,778,665, summed across the director compensation table rows.machine: formula: Σ = 2,778,665
90Darden Restaurants, Inc., Section 10b CEO totalDEF 14A2026-08-100001193125-26-342023CEO total compensation as printed in Darden Restaurants, Inc.'s own proxy. As printed: 34,815,979. Filing ↗machine: r4 · c18 · span 1947073–1947083
91Starbucks Corporation, Section 10b CEO totalDEF 14A2026-01-260001213900-26-007780CEO total compensation as printed in Starbucks Corporation's own proxy. As printed: 30,992,773. Filing ↗machine: span 2373800–2373810
92Brinker International, Inc., Section 10b CEO totalDEF 14A2025-10-030001193125-25-230105CEO total compensation as printed in Brinker International, Inc.'s own proxy. As printed: 30,465,768. Filing ↗machine: r2 · c39 · span 618636–618646
93YUM! Brands, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-142078CEO total compensation as printed in YUM! Brands, Inc.'s own proxy. As printed: 20,861,526. Filing ↗machine: t86 · r7 · c11 · span 1988224–1988234
94McDonald's Corporation, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145548CEO total compensation as printed in McDonald's Corporation's own proxy. As printed: 20,574,525. Filing ↗machine: r4 · c25 · span 2683025–2683035
95Chipotle Mexican Grill, Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017294CEO total compensation as printed in Chipotle Mexican Grill, Inc.'s own proxy. As printed: 15,455,736. Filing ↗machine: r2 · c22 · span 1337747–1337758
96Restaurant Brands International Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-171760CEO total compensation as printed in Restaurant Brands International Inc.'s own proxy. As printed: 15,159,780. Filing ↗machine: r3 · c33 · span 809623–809633
97Texas Roadhouse, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041771CEO total compensation as printed in Texas Roadhouse, Inc.'s own proxy. As printed: 10,822,133. Filing ↗machine: t125 · r3 · c14 · span 1328962–1328972
98Domino's Pizza, Inc., Section 10b CEO totalDEF 14A2026-03-100001286681-26-000012CEO total compensation as printed in Domino's Pizza, Inc.'s own proxy. As printed: 10,696,081. Filing ↗machine: t96 · r2 · c18 · span 1510987–1510997
99Papa John's International Inc., Section 10b CEO totalDEF 14A2026-03-260001628280-26-021204CEO total compensation as printed in Papa John's International Inc.'s own proxy. As printed: 8,442,953. Filing ↗machine: r4 · c27 · span 841964–841973
100Cracker Barrel Old Country Store, Inc., Section 10b CEO totalDEF 14A2023-10-060001104659-23-107368CEO total compensation as printed in Cracker Barrel Old Country Store, Inc.'s own proxy. As printed: 8,271,679. Filing ↗machine: t24 · r1 · c35 · span 567182–567191
101Bloomin Brands, Inc., Section 10b CEO totalDEF 14A2026-03-030001546417-26-000015CEO total compensation as printed in Bloomin Brands, Inc.'s own proxy. As printed: 5,495,861. Filing ↗machine: span 923483–923492
102Dine Brands Global, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127555CEO total compensation as printed in Dine Brands Global, Inc.'s own proxy. As printed: 5,417,315. Filing ↗machine: r4 · c31 · span 603550–603559
103Jack in the Box Inc., Section 10b CEO totalDEF 14A2026-01-210000807882-26-000009CEO total compensation as printed in Jack in the Box Inc.'s own proxy. As printed: 5,271,591. Filing ↗machine: span 1019487–1019496
104Wendy's (subject), Section 10b CEO totalDEF 14A2026-04-020001193125-26-140220CEO total compensation as printed in Wendy's's own proxy. As printed: 4,590,665. Filing ↗machine: t191 · r15 · c39 · span 1049351–1049360
105Section 10a, Bloomin Brands, Inc. reciprocityDEF 14A0001546417-26-000015Bloomin Brands, Inc. names Wendy's in its own disclosed peer group (read from its most recent proxy). Filing ↗
106Section 10a, Domino's Pizza, Inc. reciprocityDEF 14A0001286681-26-000012Domino's Pizza, Inc. names Wendy's in its own disclosed peer group (read from its most recent proxy). Filing ↗
107Section 10a, Papa John's International Inc. reciprocityDEF 14A0001628280-26-021204Papa John's International Inc. names Wendy's in its own disclosed peer group (read from its most recent proxy). Filing ↗
108Section 10a, Chipotle Mexican Grill, Inc. reciprocityDEF 14A0001140361-26-017294Chipotle Mexican Grill, Inc.'s most recent proxy was read; its disclosed peer group does not include Wendy's. Filing ↗
109Section 10a, Texas Roadhouse, Inc. reciprocityDEF 14A0001104659-26-041771Texas Roadhouse, Inc. names Wendy's in its own disclosed peer group (read from its most recent proxy). Filing ↗
110Section 10a, YUM! Brands, Inc. reciprocityDEF 14A0000950170-25-051113YUM! Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Wendy's. Filing ↗
111Section 10a, Darden Restaurants, Inc. reciprocityDEF 14A0000950170-25-101699Darden Restaurants, Inc.'s most recent proxy was read; its disclosed peer group does not include Wendy's. Filing ↗
112Section 10a, Brinker International, Inc. reciprocityDEF 14A0001193125-25-230105Brinker International, Inc. names Wendy's in its own disclosed peer group (read from its most recent proxy). Filing ↗
113Section 10a, Restaurant Brands International Inc. reciprocityDEF 14A0001193125-26-171760Restaurant Brands International Inc.'s most recent proxy was read; its disclosed peer group does not include Wendy's. Filing ↗
114Section 10a, Starbucks Corporation reciprocityDEF 14A0001213900-26-007780Starbucks Corporation's most recent proxy was read; its disclosed peer group does not include Wendy's. Filing ↗
115Section 10a, Cracker Barrel Old Country Store, Inc. reciprocityDEF 14A0001104659-23-107368Cracker Barrel Old Country Store, Inc. names Wendy's in its own disclosed peer group (read from its most recent proxy). Filing ↗
116Section 10a, Dine Brands Global, Inc. reciprocityDEF 14A0001193125-26-127555Dine Brands Global, Inc. names Wendy's in its own disclosed peer group (read from its most recent proxy). Filing ↗