| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | WEN | Common Stock | Sale | -$7.36M | -307K | -1.15% | $23.96 | 26.3M | Aug 19, 2021 | By Trian Partners | F1, F2, F3, F4 |
| transaction | WEN | Common Stock | Sale | -$1.93M | -81.1K | -0.31% | $23.80 | 26.2M | Aug 20, 2021 | By Trian Partners | F1, F3, F4, F5 |
| transaction | WEN | Common Stock | Sale | -$862K | -36.2K | -0.14% | $23.82 | 26.2M | Aug 23, 2021 | By Trian Partners | F1, F3, F4, F6 |
| holding | WEN | Common Stock | 71.2K | Aug 19, 2021 | Direct | ||||||
| holding | WEN | Common Stock | 195K | Aug 19, 2021 | By Peltz Family Foundation | F7, F8 | |||||
| holding | WEN | Common Stock | 132K | Aug 19, 2021 | By Peltz 2009 Family Trust | F8, F9 |
| Id | Content |
|---|---|
| F1 | The sales reported in this Form 4 were done for portfolio management purposes. |
| F2 | The price shown in Column 4 is a weighted average sale price. The price range for the sales is $23.85 - $24.205. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. |
| F3 | 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., Trian Partners Strategic Fund-G III, L.P., Trian Partners Strategic Fund-K, L.P., and Trian Partners Strategic Fund-C, Ltd. (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. Peltz is a limited partner in Trian Management, a member of Trian Fund Management GP, LLC, the general partner of Trian Management, and a limited partner of certain affiliates of the Trian Funds, and as such has an indirect interest in the shares of the Issuer held by the Trian Funds. |
| F4 | (FN 3, contd.) Mr. Peltz is also a limited partner in Trian Partners GP, L.P. ("Trian GP") and a member of Trian Partners General Partner, LCC, the general partner of Trian GP, and as such has an indirect interest in the shares of the Issuer held by Trian GP. Mr. Peltz disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
| F5 | The price shown in Column 4 is a weighted average sale price. The price range for the sales is $23.80 to $23.825. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. |
| F6 | The price shown in Column 4 is a weighted average sale price. The price range for the sales is $23.80 to $23.915. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. |
| F7 | All such shares are owned by the Peltz Family Foundation. Mr. Peltz is a trustee of the foundation. |
| F8 | The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
| F9 | All such shares are owned by the Peltz 2009 Family Trust. Mr. Peltz is a trustee of the trust. |
The transactions involving securities of the Issuer referred to herein as beneficially owned by Trian Partners that are reported in this filing are the same securities and transactions reported separately in the Form 4s filed by Nelson Peltz; Peter W. May; Edward P. Garden; Trian Fund Management, L.P., Trian Fund Management General Partner, LLC; Trian Partners GP, L.P.; 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.; Trian Partners Strategic Fund-G III, L.P.; Trian Partners Strategic Fund-K, L.P.; and Trian Partners Strategic Fund-C, Ltd. (collectively, the "Trian Entities"). The shares of the Issuer referred to as beneficially owned by Trian Partners are the same shares as those reported to be beneficially owned by Trian Partners in the Form 4s filed by Nelson Peltz, Peter W. May, and Edward P. Garden, and by the Trian Entities in the Form 4 filed by the Trian Entities.