MAY PETER W 4

4 · Wendy's Co · Filed May 22, 2026

AI-generated summary of this filing

Updated May 22, 2026

Wendy's (WEN) 10% Owner Peter W. May Receives Award 20,967 Shares

What Happened

Peter W. May, reported as a 10% owner, received an award/acquisition of 20,967 shares of Wendy's Co (WEN) on 2026-05-20. The Form 4 shows an acquisition price of $0.00 and reports total consideration of $0 (transaction code A — grant/award/other acquisition). The Form 4 was filed on 2026-05-22.

Key Details

Transaction date and type: 2026-05-20 — Grant/award (code A).
Price reported: $0.00 per share; total reported consideration $0.
Shares acquired: 20,967 shares.
Shares owned after transaction: not specified in the provided filing excerpt.
Footnotes: Mr. May is president and a founding partner of Trian Fund Management, which manages several Trian Funds, and is also affiliated with Trian Partners GP entities. He may be deemed to share voting/dispositive power over shares held by those entities; the reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.
Filing timeliness: Form 4 filed 2026-05-22 for the 2026-05-20 transaction — appears to be filed within the typical 2-business-day period.

Context

This was a grant/award, not an open-market purchase or sale; such awards can reflect compensation, restructuring, or institutional allocations and do not by themselves signal buying or selling intent by the insider.
As a reported 10% owner with ties to the Trian Funds/Trian GP entities, Mr. May's reported activity and holdings can reflect institutional positioning rather than personal executive trading.

Form 4

Period: 2026-05-20

Director10% Owner

Transactions

Holdings

Footnotes (2)

[F1]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., 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. May is the President and a founding partner of Trian Management, and as such may be deemed to share voting and dispositive power with Trian Management over shares of the Issuer held by the Trian Funds.
[F2](FN 1, contd.) Mr. May is also a member of Trian Partners General Partner, LLC ("Trian GP LLC"), the general partner of Trian Partners GP, L.P. ("Trian GP"), and as such is in a position to determine the investment and voting decisions made by Trian GP LLC on behalf of Trian GP. Accordingly, Mr. May and Trian Management may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares owned by the Trian Funds and Trian GP (collectively, "Trian Partners"). The reporting persons disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein and this report shall not be deemed an admission that the reporting persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Signature

/s/ Daniel R. Marx, Attorney-In-Fact for Peter W. May|2026-05-22

1 file