Form 4: Nelson Peltz Reports Changes in Beneficial Ownership of Wendy's Co (WEN) Stock
SEC Form 4 Filing
Nelson Peltz, a director and 10% owner of Wendy's Co, reported changes in his beneficial ownership of the company's stock on May 21, 2024.
Summary
- Nelson Peltz, a director and 10% owner of Wendy's Co, filed a Form 4 with the SEC on May 23, 2024, reporting changes in beneficial ownership of Wendy's Co stock.
- The transactions occurred on May 21, 2024.
- Peltz acquired 9,108 shares of common stock at $0.
- Following the reported transactions, Peltz directly owns 9,977,351 shares of common stock.
- Additionally, 15,943,466 shares are indirectly owned by Trian Partners, 132,397 by the Peltz 2009 Family Trust, and 81,104 by his children.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a standard SEC filing reporting changes in beneficial ownership. There is no indication of positive or negative sentiment related to the company's performance.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider. It is common for directors and major shareholders to adjust their holdings, and these transactions are reported to the SEC to maintain transparency.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a major shareholder and director.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: Acquisition of Wendy's Co common stock. |
| 05/23/2024 | Date of Form 4 filing with the SEC. |
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