Matthew Coley O'Brien - 16 Sep 2025 Form 4 Insider Report for Wendy's Co (WEN)

Role: Chief People Officer
Signature: /s/ Mark L. Johnson, Attorney-in-Fact
Issuer symbol: WEN
Transactions as of: 16 Sep 2025
Net transactions value: $0
Form type: 4
Filing time: 18 Sep 2025, 17:12:42 UTC
Previous filing: 14 Aug 2025
Next filing: 17 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
O'Brien Matthew Coley	Chief People Officer	C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BOULEVARD, DUBLIN	/s/ Mark L. Johnson, Attorney-in-Fact	18 Sep 2025	0001732939

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WEN	Restricted Stock Units	Award	$0	+264	+0.24%	$0.000000	109,592	16 Sep 2025	Common Stock	264		Direct	F1, F2, F3, F4
transaction	WEN	Restricted Stock Units	Award	$0	+27	+0.02%	$0.000000	109,619	16 Sep 2025	Common Stock	27		Direct	F1, F2, F3, F5
transaction	WEN	Restricted Stock Units	Award	$0	+72	+0.07%	$0.000000	109,691	16 Sep 2025	Common Stock	72		Direct	F1, F2, F3, F6
transaction	WEN	Restricted Stock Units	Award	$0	+206	+0.19%	$0.000000	109,897	16 Sep 2025	Common Stock	206		Direct	F1, F2, F3, F7
transaction	WEN	Restricted Stock Units	Award	$0	+1,032	+0.94%	$0.000000	110,929	16 Sep 2025	Common Stock	1,032		Direct	F1, F2, F3, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	With tandem dividend equivalent rights and tax withholding rights.
F2	Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F3	Represents dividend equivalent units issued on September 16, 2025.
F4	The restricted stock units will vest in full on March 1, 2026, subject to Mr. O'Brien's continued employment with the Company on the vesting date.
F5	The restricted stock units will vest in one remaining installment on August 11, 2026, subject to Mr. O'Brien's continued employment with the Company on the applicable vesting date.
F6	The restricted stock units will vest in two remaining equal installments on August 5, 2026 and 2027, subject to Mr. O'Brien's continued employment with the Company on the applicable vesting date.
F7	The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. O'Brien's continued employment with the Company on the applicable vesting date.
F8	The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. O'Brien's continued employment with the Company on the applicable vesting date.