• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Director May Peter W was granted 2,229 shares, increasing direct ownership by 0.04% to 5,528,882 units (SEC Form 4)

    7/2/25 5:44:40 PM ET
    $WEN
    Restaurants
    Consumer Discretionary
    Get the next $WEN alert in real time by email
    SEC FORM 4 SEC Form 4
    FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
    or Section 30(h) of the Investment Company Act of 1940
    OMB APPROVAL
    OMB Number: 3235-0287
    Estimated average burden
    hours per response: 0.5
      
    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
      
    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
    1. Name and Address of Reporting Person*
    MAY PETER W

    (Last) (First) (Middle)
    223 SUNSET AVENUE

    (Street)
    PALM BEACH FL 33480

    (City) (State) (Zip)
    2. Issuer Name and Ticker or Trading Symbol
    Wendy's Co [ WEN ]
    5. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)
    X Director X 10% Owner
    Officer (give title below) Other (specify below)
    3. Date of Earliest Transaction (Month/Day/Year)
    07/01/2025
    4. If Amendment, Date of Original Filed (Month/Day/Year)
    6. Individual or Joint/Group Filing (Check Applicable Line)
    X Form filed by One Reporting Person
    Form filed by More than One Reporting Person
    Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
    1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
    Code V Amount (A) or (D) Price
    Common Stock 07/01/2025 A 2,229 A(1) $11.62 5,528,882 D
    Common Stock 14,943,466 I By Trian Partners(2)(3)
    Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
    (e.g., puts, calls, warrants, options, convertible securities)
    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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
    Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
    Explanation of Responses:
    1. Shares were issued pursuant to the Company's 2020 Omnibus Award Plan (the "Plan") in lieu of a quarterly Board of Directors retainer fee and a quarterly Board committee retainer fee that would otherwise be payable in cash. In accordance with the Plan, the price is the average of the closing price per share on the 20 consecutive trading days immediately preceding the date on which the retainer fees would otherwise be payable.
    2. Trian Fund Management, L.P. ("Trian Management") serves as the management company for Trian Partners, L.P., Trian Partners Master Fund, L.P., Trian Partners Parallel Fund I, L.P., Trian Partners Strategic Fund-G II L.P., and Trian Partners Strategic Fund-K, L.P. (collectively, the "Trian Funds"), and as such determines the investment and voting decisions of the Trian Funds with respect to the shares of the Issuer held by them. Mr. May is the President and a founding partner of Trian Management, and as such may be deemed to share voting and dispositive power with Trian Management over shares of the Issuer held by the Trian Funds.
    3. (FN 2, contd.) Mr. May is also a member of Trian Partners General Partner, LLC ("Trian GP LLC"), the general partner of Trian Partners GP, L.P. ("Trian GP"), and as such is in a position to determine the investment and voting decisions made by Trian GP LLC on behalf of Trian GP. Accordingly, Mr. May and Trian Management may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares owned by the Trian Funds and Trian GP (collectively, "Trian Partners"). The reporting persons disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein and this report shall not be deemed an admission that the reporting persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
    /s/ Daniel R. Marx, Attorney-In-Fact for Peter W. May 07/02/2025
    ** Signature of Reporting Person Date
    Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
    * 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).
    Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
    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 Number.
    Get the next $WEN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $WEN

    DatePrice TargetRatingAnalyst
    5/14/2025Buy → Neutral
    Guggenheim
    5/5/2025$15.00Neutral → Overweight
    Analyst
    2/26/2025$20.00 → $17.00Neutral
    Analyst
    1/21/2025$22.00 → $14.00Equal-Weight → Underweight
    Morgan Stanley
    6/13/2024$16.00Sell
    Goldman
    4/12/2024$20.00Equal-Weight
    Stephens
    2/22/2024$24.00 → $20.00Outperform → Mkt Perform
    Bernstein
    2/21/2024$22.00 → $19.00Overweight → Neutral
    JP Morgan
    More analyst ratings

    $WEN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Wendy's and Takis Turn Up the Heat with a Flavor-Packed Collaboration

      The new Takis Fuego Meal is available in U.S. restaurants starting June 20, and in Canada restaurants starting June 30 DUBLIN, Ohio, June 17, 2025 /PRNewswire/ -- Meet this summer's fiercest duo: Wendy's® iconic Spicy Chicken Sandwich and fan-favorite snack brand Takis® join forces to create the limited-time Takis Fuego™ Meal, which features the Takis® Fuego™ Chicken Sandwich and Takis-inspired Fuego™ Fries. Wendy's fans can get their hands on the collaboration in U.S. restaurants on June 20, and in Canada restaurants starting June 30. Wendy's is giving fans a whole new take o

      6/17/25 8:00:00 AM ET
      $WEN
      Restaurants
      Consumer Discretionary
    • CHEEZ-IT® AND WENDY'S® STACK UP THE FLAVOR WITH LIMITED-EDITION BACONATOR® CRACKERS

      The Iconic Bold Flavors of Wendy's® Baconator® Meet the Cheesy Crunch of Cheez-It® in a Crave-worthy Collab, Available Nationwide This July CHICAGO, June 10, 2025 /PRNewswire/ -- When a snack craving hits, only an explosion of flavors can truly satisfy. That's why this summer, Cheez-It® is teaming up with the fast-food innovators at Wendy's® to serve up the ultimate craveable fix: the first-ever Cheez-It x Wendy's Baconator® crackers. This limited-edition collaboration brings together the best of both worlds: mouthwatering Baconator flavor and the signature Cheez-It crunch. It's your go-to snack and your drive-thru must-have combined into an absurdly delicious bite.

      6/10/25 9:00:00 AM ET
      $K
      $WEN
      Packaged Foods
      Consumer Staples
      Restaurants
      Consumer Discretionary
    • Wendy's Celebrates 50 Fresh Years in Canada

      Milestone reflects five decades of growth, innovation, and commitment to Canadian communities BURLINGTON, ON, May 20, 2025 /CNW/ - Wendy's®, the quick-service restaurant brand that opened its doors and brought its fresh, never frozen square beef hamburgers to Canada in 1975, is celebrating 50 fresh years in Canada. Since opening the first restaurant in Hamilton, Ontario, which is still serving fans today, Wendy's Canada has expanded to nearly 450 restaurants across the country - all franchise-owned and locally operated. To celebrate 50 fresh years in Canada, Wendy's is serving

      5/20/25 9:05:00 AM ET
      $WEN
      Restaurants
      Consumer Discretionary