Key facts
- This page summarizes Peter W. May's Form 4 filing for Wendy's Co (WEN).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 09 Aug 2024, 20:48.
Peter W. May - 08 Aug 2024 Form 4 Insider Report for Wendy's Co (WEN)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- WEN
- Reported as of
- 08 Aug 2024
- Net transaction value
- -$17,180,000
- SEC form
- 4
- Accepted by SEC
- 09 Aug 2024, 20:48:50 UTC
- Prior SEC filing
- 08 Jul 2024
- Next SEC filing
- 07 Oct 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Daniel R. Marx, Attorney-In-Fact for Peter W. May
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Peter W. May filed Form 4 for Wendy's Co (WEN) on 09 Aug 2024.
Change
- Previous filing in this sequence was filed on 08 Jul 2024.
- Current net transaction value: -$17,180,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
WEN
transaction
Common Stock
Sale
- Transaction value
- $17,180,000
- Shares
- -1,000,000
- Change %
- -6.3%
- Price
- $17.18
- Shares after
- 14,943,466
- Date
- 08 Aug 2024
- Ownership
- By Trian Partners
- Footnotes
- F1, F2
WEN
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 5,507,029
- Date
- 08 Aug 2024
- Ownership
- Direct
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
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.
Footnote F2
(FN 1, 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.
SEC remarks
The shares which are reported on this filing as being indirectly held by Peter May and Trian Management through their relationship with Trian Partners, and the transactions with respect to such shares, are also reported in the filings made by Nelson Peltz and Trian Management, and Matthew Peltz and Trian Management, respectively, and represent the same shares and transactions.