Director Arthur Winkleblack receives 32,580 Wendy's (WEN) shares as equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WINKLEBLACK ARTHUR B reported acquisition or exercise transactions in this Form 4 filing.

Wendy's director Arthur B. Winkleblack received a grant of 32,580 shares of Common Stock as equity compensation. The grant carried a stated price of $0.00 per share, indicating it was an award rather than an open-market purchase. Following this award, he directly holds 118,819 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WINKLEBLACK ARTHUR B

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	32,580	$0.00	--

Holdings After Transaction: Common Stock — 118,819 shares (Direct, null)

Footnotes (1)

Key Figures

Equity grant: 32,580 shares Grant price: $0.00 per share Post-grant holdings: 118,819 shares

3 metrics

Equity grant 32,580 shares Common Stock grant on 2026-05-20

Grant price $0.00 per share Stated transaction price for equity award

Post-grant holdings 118,819 shares Total Common Stock directly held after transaction

Key Terms

Common Stock, Grant, award, or other acquisition, non-derivative

3 terms

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

non-derivative financial

"transaction_type: "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 04:56 PM

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^*

WINKLEBLACK ARTHUR B

(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)
05/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		A		32,580	A	$0	118,819	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Mark L. Johnson, Attorney-in-Fact	05/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Wendy's (WEN) director Arthur B. Winkleblack report on this Form 4?

Arthur B. Winkleblack reported receiving a grant of 32,580 Wendy's Common Stock shares. The award was recorded at $0.00 per share, reflecting equity compensation rather than a market purchase, and increased his directly held stake in the company.

How many Wendy's (WEN) shares does Arthur B. Winkleblack hold after the reported grant?

After the grant, Arthur B. Winkleblack holds 118,819 shares of Wendy's Common Stock directly. This total includes the 32,580-share equity award reported, showing his ongoing ownership position as a company director following the non-derivative stock grant.

Was the Wendy's (WEN) transaction by Arthur B. Winkleblack a market buy or equity grant?

The transaction was an equity grant, not a market buy. It is coded as a “Grant, award, or other acquisition” with a transaction price of $0.00 per share, indicating compensation rather than an open-market purchase of Wendy's Common Stock.

What type of security did Arthur B. Winkleblack acquire in Wendy's (WEN)?

He acquired non-derivative Wendy's Common Stock. The filing shows a grant of 32,580 common shares with no associated exercise or expiration dates, distinguishing it from options or other derivative securities typically used in alternative compensation structures.

Does the Wendy's (WEN) Form 4 show any stock sales by Arthur B. Winkleblack?

No stock sales are shown in this data. The transactionSummary indicates one acquisition and zero dispositions, with no sell, gift, tax-withholding, or restructuring transactions, highlighting that this event strictly increased his direct share ownership.