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 1,469 shares of common stock as part of the company's 2020 Omnibus Award Plan in lieu of quarterly retainer fees.

Summary

• On April 3, 2024, Matthew Peltz acquired 1,469 shares of Wendy's Co. common stock.
• The acquisition was made under the company's 2020 Omnibus Award Plan in lieu of quarterly Board of Directors and committee retainer fees.
• The price per share was $18.46, calculated as the average closing price over the 20 trading days preceding the payment date.
• Following the transaction, Peltz directly owns 100,044 shares and indirectly owns 15,943,466 shares through Trian Partners and 132,397 shares through the Peltz 2009 Family Trust.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing is a routine disclosure of share acquisition as part of a compensation plan. It doesn't indicate any significant positive or negative developments.

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 acquisition of shares by a director can be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates