Wendy's (WEN) director Bradley Peltz receives share grant in lieu of cash fees

Rhea-AI Filing Summary

Peltz Bradley G. reported acquisition or exercise transactions in this Form 4 filing.

Wendy's Co director Bradley G. Peltz received 3,448 shares of common stock as a fee-related award. The shares were granted on April 3, 2026 under the 2020 Omnibus Award Plan in lieu of his cash board and committee retainers at an award price of $7.14 per share. Following the grant, he directly holds 24,460 shares, in addition to 132,397 shares held indirectly by the Peltz 2009 Family Trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Peltz Bradley G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,448	$7.14	$25K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 24,460 shares (Direct); Common Stock — 132,397 shares (Indirect, By Peltz 2009 Family Trust)

Footnotes (1)

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Key Figures

Shares granted: 3,448 shares Grant price: $7.14 per share Direct holdings after grant: 24,460 shares +1 more

4 metrics

Shares granted 3,448 shares Equity award in lieu of quarterly board and committee fees on April 3, 2026

Grant price $7.14 per share Average closing price over 20 trading days before fee date

Direct holdings after grant 24,460 shares Common stock directly owned by Bradley G. Peltz after the award

Indirect trust holdings 132,397 shares Common stock held indirectly by Peltz 2009 Family Trust

Key Terms

2020 Omnibus Award Plan, retainer fee, board committee retainer fees, average of the closing price, +1 more

5 terms

2020 Omnibus Award Plan financial

"Shares were issued pursuant to the Company's 2020 Omnibus Award Plan"

retainer fee financial

"in lieu of Mr. Peltz's quarterly Board of Directors retainer fee"

board committee retainer fees financial

"and quarterly Board committee retainer fees that would otherwise be payable in cash"

average of the closing price financial

"the price is the average of the closing price per share on the 20 consecutive trading days"

indirect ownership financial

"nature_of_ownership: By Peltz 2009 Family Trust"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Peltz Bradley G.

(Last) (First) (Middle)

C/O THE WENDY'S COMPANY

ONE DAVE THOMAS BLVD.

(Street)

DUBLIN OHIO 43017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Wendy's Co [ WEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/03/2026		A(1)		3,448	A	$7.14	24,460	D
Common Stock								132,397	I	By Peltz 2009 Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were issued pursuant to the Company's 2020 Omnibus Award Plan (the "Plan") in lieu of Mr. Peltz's quarterly Board of Directors retainer fee and quarterly Board committee retainer fees that would otherwise be payable in cash. In accordance with the Plan, the price is the average of the closing price per share on the 20 consecutive trading days immediately preceding the date on which the retainer fees would otherwise be payable.

	/s/ Mark L. Johnson, Attorney-in-Fact	04/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Bradley G. Peltz report in this Wendy's (WEN) Form 4 filing?

Bradley G. Peltz reported receiving 3,448 Wendy’s common shares as compensation. The shares were granted under the 2020 Omnibus Award Plan instead of his cash board and committee retainers, reflecting routine equity-based director compensation rather than an open-market share purchase or sale.

At what price were the Wendy's (WEN) shares granted to Bradley G. Peltz?

The 3,448 Wendy’s shares were granted at an award price of $7.14 per share. Under the company’s 2020 Omnibus Award Plan, this price equals the average closing price over the 20 trading days before the date the fees would normally be paid.

How many Wendy's (WEN) shares does Bradley G. Peltz hold after this transaction?

After the grant, Bradley G. Peltz directly holds 24,460 Wendy’s common shares. The filing also reports an additional 132,397 shares held indirectly through the Peltz 2009 Family Trust, giving investors a clearer picture of his overall reported equity exposure to the company.

Was this Wendy's (WEN) Form 4 a market buy or sell by Bradley G. Peltz?

The Form 4 reflects a grant, not a market buy or sell. Peltz received 3,448 shares as an equity award in lieu of cash director and committee retainers, granted under the 2020 Omnibus Award Plan rather than through open-market trading activity.

Why did Wendy's (WEN) issue shares to Bradley G. Peltz instead of paying cash?

Wendy’s issued shares instead of cash because Peltz’s quarterly board and committee retainers were taken in stock under the 2020 Omnibus Award Plan. This structure compensates directors with equity, aligning part of their pay with shareholder interests through share ownership.