Matthew H. Peltz - Apr 5, 2022 Form 4 Insider Report for Wendy's Co (WEN)

Role
Director
Signature
Stuart I. Rosen, Attorney-In-Fact for Matthew H. Peltz
Stock symbol
WEN
Transactions as of
Apr 5, 2022
Transactions value $
$24,738
Form type
4
Date filed
4/6/2022, 05:53 PM
Previous filing
Mar 28, 2022
Next filing
May 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Award $24.7K +1.14K +1.55% $21.70 74.6K Apr 5, 2022 Direct F1
holding WEN Common Stock 25.3M Apr 5, 2022 By Trian Partners F2, F3
holding WEN Common Stock 195K Apr 5, 2022 By Peltz Family Foundation F4, F5
holding WEN Common Stock 132K Apr 5, 2022 By Peltz 2009 Family Trust F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were issued pursuant to the Company's 2020 Omnibus Award Plan (the "Plan") in lieu of (i) quarterly Board of Directors and Board committee retainer fees and (ii) a Board of Directors committee meeting fee that would otherwise be payable in cash. In accordance with the Plan, the price is the average of the closing price per share on the 20 consecutive trading days immediately preceding the date on which the retainer fees would otherwise be payable.
F2 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., 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. 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.
F3 (FN 2, 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.
F4 All such shares are owned by the Peltz Family Foundation. Mr. Peltz is a trustee of the foundation.
F5 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.
F6 All such shares are owned by the Peltz 2009 Family Trust. Mr. Peltz is a trustee of the trust.