Key facts
- This page summarizes TRIAN FUND MANAGEMENT, L.P.'s Form 4 filing for Wendy's Co (WEN).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 03 Mar 2023, 17:33.
TRIAN FUND MANAGEMENT, L.P. - 03 Mar 2023 Form 4 Insider Report for Wendy's Co (WEN)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- WEN
- Reported as of
- 03 Mar 2023
- Net transaction value
- -$79,987,896
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2023, 17:33:14 UTC
- Prior SEC filing
- 31 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- Trian Fund Management, L.P., By: Trian Fund Management GP, LLC, General Partner, By: Edward P. Garden, Member
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
TRIAN FUND MANAGEMENT, L.P. filed Form 4 for Wendy's Co (WEN) on 03 Mar 2023.
Change
- Previous filing in this sequence was filed on 31 Jan 2023.
- Current net transaction value: -$79,987,896.
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
- $79,987,896
- Shares
- -3,627,569
- Change %
- -14%
- Price
- $22.05
- Shares after
- 21,705,770
- Date
- 03 Mar 2023
- Ownership
- Please see explanation below
- Footnotes
- F1, F2
* 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 GP, LLC ("Trian Management GP") is the general partner (the "GP") of Trian Fund Management, L.P. ("Trian Management"). Trian Management serves as the management company for Trian Partners, L.P. ("Trian Onshore"), Trian Partners Master Fund, L.P. ("Trian Offshore"), Trian Partners Parallel Fund I, L.P. ("Parallel Fund I"), Trian Partners Strategic Fund-G II, L.P. ("Fund-G II"), Trian Partners Strategic Fund-G III, L.P. ("Fund-G III"), and Trian Partners Strategic Fund-K, L.P. ("Fund-K" and 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.
Footnote F2
(FN 2, contd.) Trian Partners General Partner, LLC ("Trian GP LLC") is the GP of Trian Partners GP, L.P. ("Trian GP"), which is the GP of Trian Onshore and Trian Offshore. Trian Partners Parallel Fund I General Partner, LLC is the GP of Parallel Fund I, Trian Partners Strategic Fund-G II General Partner, LLC is the GP of Trian Partners Strategic Fund-G II GP, L.P., which is the GP of Fund-G II, Trian Partners Strategic Fund-G III General Partner, LLC is the GP of Trian Partners Strategic Fund-G III GP, L.P., which is the GP of Fund-G III, and Trian Partners Strategic Fund-K General Partner, LLC is the GP of Trian Partners Strategic Fund-K GP, L.P., which is the GP of Fund-K.
SEC remarks
Nelson Peltz, Peter W. May and Edward P. Garden are members of Trian Management GP, which is the GP of Trian Management, and as such are in a position to determine the investment and voting decisions made by Trian Management on behalf of the Trian Funds, and are members of Trian GP, LLC, which is the GP of Trian GP, and as such are in a position to determine the investment and voting decisions made on behalf of Trian GP. Matthew Peltz ("M. Peltz") is a limited partner in Trian Management and a member of Trian GP LLC and as such has an indirect interest in the shares of the Issuer held by the Trian Funds, and a limited partner in Trian GP and a member of Trian GP LLC and as such has an indirect interest in the shares of the Issuer held by Trian GP. Messrs. Peltz, May, Garden and M. Peltz currently report their holdings and transactions in the Issuer's securities in separate filings. The holdings of the securities of the Issuer and the transactions reported in this filing are also reported in the filings made by each of Messrs. Peltz, May, Garden and M. Peltz and in each case relate to the same securities (reported as indirectly held by them) and transactions. Each of Messrs. Peltz, May, Garden and M. Peltz disclaims beneficial ownership of the securities covered by this statement except to the extent of the pecuniary interest of such person in such securities.