TRIAN FUND MANAGEMENT, L.P. - 18 Feb 2026 SCHEDULE 13D/A Report for The Wendy's Company Common Stock, Par Value $.10 Per Share (WEN)

Filing manager: TRIAN FUND MANAGEMENT, L.P.
Reporting owner: Nelson Peltz
Security: The Wendy's Company Common Stock, Par Value $.10 Per Share
Beneficially owned shares: 30,913,106 shares
Large-stake signal: Form
SCHEDULE 13D/A
Active or control-oriented beneficial ownership filing.
Ownership
16%
Beneficial ownership of this reported class.
Shares
30,913,106 shares
Shares beneficially owned as disclosed.
Event date
18 Feb 2026
Date tied to the ownership event or amendment.
Accepted by SEC
18 Feb 2026
EDGAR acceptance date.
How to read this large-stake filing
Schedule 13D/G filings focus on beneficial ownership stakes, not a full portfolio.
Compare this filing with the holder history and issuer page before treating the percentage as a current position.
Use amendments to understand whether the disclosed stake increased, decreased, or changed reporting status.
Class ownership: 16%
Symbol: WEN
Shares outstanding: 190,351,638 shares
SEC form: SCHEDULE 13D/A
Accepted by SEC: 18 Feb 2026, 09:03:40 UTC
Event date: 18 Feb 2026
Prior SEC filing: 08 Jul 2025
Source filing: View source filing

Key filing fact

TRIAN FUND MANAGEMENT, L.P. disclosed 16% ownership in The Wendy's Company Common Stock, Par Value $.10 Per Share (WEN) on 18 Feb 2026.

Key facts

TRIAN FUND MANAGEMENT, L.P. filed SCHEDULE 13D/A for The Wendy's Company Common Stock, Par Value $.10 Per Share (WEN).
Disclosed ownership: 16%.
Date of event: 18 Feb 2026.

This page turns one Schedule 13D/G filing into a quick large-stake read before the raw reporting-person rows.
Use the linked SEC filing as the source of truth for ownership percentages, shares, and reporting-party details.

Backed by Schedule 13D/13G

Beneficial ownership values are sourced from the original SEC Schedule 13D/13G filing.

Reporting persons

Names, ownership percentages, voting power, signatures, titles, and CIKs as disclosed in this Schedule 13D/G filing.

Name	Ownership	Shares owned	Sole voting power	Shared voting power	Signature	Title	CIK
Nelson Peltz	16%	30,913,106	0	30,913,106	/s/ Nelson Peltz	Nelson Peltz	0000928265
Peter W. May	16%	30,706,417	0	30,706,417	/s/ Peter W. May	Peter W. May	0000928264
Trian Fund Management, L.P.	7.8%	14,943,466	0	14,943,466	/s/ Peter W. May	Member of the General Partner of the Filing Person	0001345471
Trian Fund Management GP, LLC	7.8%	14,943,466	0	14,943,466	/s/ Peter W. May	Member	0001345472
Trian Partners GP, L.P.	0.01%	12,798	0	12,798	/s/ Peter W. May	Member of the General Partner of the Filing Person	0001363629
Trian Partners General Partner, LLC	0.01%	12,798	0	12,798	/s/ Peter W. May	Member	0001345464
Trian Partners, L.P.	2.6%	5,014,628	0	5,014,628	/s/ Peter W. May	Member of the General Partner of the Filing Person	0001345465
Trian Partners Master Fund, L.P.	3.3%	6,297,077	0	6,297,077	/s/ Peter W. May	Member of the General Partner of the Filing Person	0001345466
Trian Partners Parallel Fund I, L.P.	0.62%	1,172,869	0	1,172,869	/s/ Peter W. May	Member of the General Partner of the Filing Person	0001345007
Trian Partners Strategic Fund G-II, L.P.	0.43%	825,291	0	825,291	/s/ Peter W. May	Member of the General Partner of the Filing Person	0001691893
Trian Partners Strategic Fund-K, L.P.	0.85%	1,620,803	0	1,620,803	/s/ Peter W. May	Member of the General Partner of the Filing Person	0001691898
Matthew Peltz	0.24%	459,959	132,132	327,827	/s/ Matthew Peltz	Matthew Peltz	0001661127

CIK / CUSIP context first

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