01/02/2026 | Press release | Distributed by Public on 01/02/2026 16:34
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (2) | 12/31/2025 | M | 46,429 | (2) | (2) | Common Stock | 46,429 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (3) | 12/31/2025 | M | 47,690 | (3) | (3) | Common Stock | 47,690 | $ 0 | 47,691 | D | ||||
| Restricted Stock Units | (4) | 12/31/2025 | M | 81,493 | (4) | (4) | Common Stock | 81,493 | $ 0 | 162,987 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Valade Kelli DENNY'S CORPORATION 203 EAST MAIN STREET SPARTANBURG, SC 29319 |
X | CEO | ||
| /s/ Gail Sharps Myers, Attorney-in-Fact | 01/02/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Reflects the payout of performance shares earned under the Denny's 2023 Long-Term Incentive Program. |
| (2) | Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2021 Omnibus Incentive Plan, for the third of (3) equal installments that vests on the first anniversary date of the grant and the remaining two installments on the last day of the Company's 2023, 2024 and 2025 fiscal years and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date, subject to continued employment with the Issuer through such date, unless vesting is accelerated due to retirement, death, disability or change of control. |
| (3) | Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2021 Omnibus Incentive Plan, for the second of (3) equal installments that vests on the last day of the Company's 2024, 2025 and 2026 fiscal years and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date, subject to continued employment with the Issuer through such date, unless vesting is accelerated due to retirement, death, disability or change of control. |
| (4) | Reflects the partial payout of the restricted stock units, previously granted under the Denny's Corporation 2021 Omnibus Incentive Plan, for the first of (3) equal installments that vests on the last day of the Company's 2025, 2026 and 2027 fiscal years and are payable on a "1-for-1" basis in common stock of the Issuer within 30 days of the vesting date, subject to continued employment with the Issuer through such date, unless vesting is accelerated due to retirement, death, disability or change of control. |