Board fees paid in stock to Wendy's (WEN) director Bradley Peltz

Rhea-AI Filing Summary

Wendy's Company director Bradley G. Peltz received additional stock-based board compensation. On 01/05/2026, he was issued 2,942 shares of Wendy's common stock at $8.37 per share under the Company's 2020 Omnibus Award Plan instead of taking his quarterly Board and Board committee retainer fees in cash. After this grant, he beneficially owns 21,012 common shares directly and 132,397 common shares indirectly through the Peltz 2009 Family Trust.

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 OH 43017

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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

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

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

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	01/05/2026		A(1)		2,942	A	$8.37	21,012	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	01/07/2026
	** 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.

FAQ

What insider transaction did Wendy's Co (WEN) report for Bradley G. Peltz?

The filing reports that director Bradley G. Peltz was issued 2,942 shares of Wendy's common stock on 01/05/2026 as board compensation.

What was the price of the Wendy's (WEN) shares issued to Bradley Peltz?

The 2,942 common shares issued to Bradley G. Peltz carried a price of $8.37 per share, calculated under the Company's 2020 Omnibus Award Plan.

Was the Wendy's director share transaction a cash purchase or equity compensation?

The shares were equity compensation issued under the 2020 Omnibus Award Plan in lieu of Bradley G. Peltz's quarterly Board and committee retainer fees that would otherwise be payable in cash.

How many Wendy's shares does Bradley G. Peltz own after this Form 4 transaction?

After the reported grant, Bradley G. Peltz beneficially owns 21,012 Wendy's common shares directly and 132,397 shares indirectly through the Peltz 2009 Family Trust.

What is the Peltz 2009 Family Trust's interest in Wendy's stock?

The Form 4 shows an indirect holding of 132,397 Wendy's common shares listed as held "By Peltz 2009 Family Trust", reflecting shares beneficially owned through that trust.

How was the share price for Bradley Peltz's Wendy's stock grant determined?

According to the footnote, under the 2020 Omnibus Award Plan the price is the average closing price per share over the 20 consecutive trading days immediately before the date the retainer fees would otherwise be payable.