Form 4: Peter W. May Reports Changes in Beneficial Ownership of Wendy's Co. Shares

Peter W. May, a director and 10% owner of Wendy's Co., reports changes in his beneficial ownership of the company's common stock due to acquisitions and disposals.

Summary

• Peter W. May, a director and 10% owner of Wendy's Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 21, 2025, May acquired 13,984 shares of common stock.
• On the same day, May disposed of 5,526,653 shares of common stock.
• Following these transactions, May directly owns 0 shares and indirectly owns 14,943,466 shares through Trian Partners.
• Trian Fund Management, L.P. manages the Trian Funds and determines investment and voting decisions.
• Mr. May is the President and a founding partner of Trian Management, and a member of Trian Partners General Partner, LLC.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock ownership changes, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for insiders of publicly traded companies to report changes in their ownership positions, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Wendy's Co, Peter W. May, Trian Partners, Stock Transactions, Director, 10% Owner