Form 4: Matthew Peltz Reports Acquisition of Wendy's Co. Shares in Lieu of Retainer Fees

Matthew Peltz, a director and 10% owner of Wendy's Co., reports acquiring 1,569 shares of common stock in lieu of quarterly board retainer fees.

Summary

• On October 3, 2024, Matthew Peltz acquired 1,569 shares of Wendy's Co. common stock.
• The shares were issued under the company's 2020 Omnibus Award Plan in place of quarterly Board of Directors and committee retainer fees.
• The price per share was $17.28, calculated as the average closing price over the 20 trading days preceding the payment date.
• Following the transaction, Peltz directly owns 112,334 shares and indirectly owns 14,943,466 shares through Trian Partners and 132,397 shares through the Peltz 2009 Family Trust.
• Peltz disclaims beneficial ownership of shares held by Trian Partners and the Peltz 2009 Family Trust, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The acquisition of shares by a director is generally viewed as a neutral to slightly positive signal.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The use of the 2020 Omnibus Award Plan aligns director compensation with shareholder interests.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding insider ownership.

Key Dates