The Wendy's Company files SEC reports that document its quick-service restaurant system, Nasdaq-listed common stock, operating results, governance matters, and capital structure. Its 8-K filings cover quarterly and annual results, Regulation FD disclosures, material agreements, shareholder voting matters, and other company events tied to franchise operations, restaurant sales, royalties, fees, and advertising funds.
WEN filings also include proxy materials covering board and shareholder governance, ownership-related disclosures such as Schedule 13D amendments, and financing records for subsidiary-issued securitized notes. Those financing disclosures describe collateral tied to franchise-related agreements, real estate assets, and intellectual property and license agreements within the Wendy's system.
AQR Capital Management reports beneficial ownership of 13,843,438 shares of Wendy's common stock, representing 7.21% of the outstanding class. The filing shows the position is held with shared voting and shared dispositive power, while both filers report 0 sole voting and dispositive power, indicating the stake is not reported as an individually controlled block.
The Schedule is filed by AQR Capital Management, LLC and AQR Capital Management Holdings, LLC, with the filing stating the subsidiary relationship and certifying the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Matthew P. Spessard, Chief Information Officer of The Wendy's Company (WEN), reported equity activity tied to restricted stock units and common shares. On 08/11/2025 a tranche of 580 restricted stock units was recorded as acquired at $0 and an additional 169 common shares were disposed of at $10.30 per share. After the reported transactions Mr. Spessard's direct common stock holdings were shown as 7,803 shares and his derivative holdings (restricted stock units) were reported as 12,939 units.
The filing discloses that the RSUs were granted on 08/11/2023, include 58 dividend equivalent units and tax withholding rights, and vest in three equal annual installments with the first two installments having vested on the first and second anniversaries of the grant date.
Lindsay J. Radkoski, Chief Marketing Officer (U.S.), reported stock-unit vesting and a small disposition in a Form 4 for The Wendy's Company (WEN). On 08/11/2025, 580 restricted stock units vested (including 58 dividend-equivalent units) and are recorded as acquisitions at $0. On the same date, 174 common shares were disposed of at a price of $10.30 per share. Following these reported transactions Ms. Radkoski is shown as directly beneficially owning 30,083 common shares and as beneficial owner of 54,591 derivative securities (restricted stock units). The RSUs were granted on 08/11/2023 and vest in three equal annual installments; the first and second installments vested on 08/11/2024 and 08/11/2025 respectively.
Each restricted stock unit represents a contingent right to receive one share and includes tandem dividend-equivalent rights and tax-withholding rights as described in the filing.
Wendy's insider filing for Executive & Director E.J. Wunsch reports transactions on 08/11/2025. The filing shows 2,850 restricted stock units vested (including 296 dividend equivalent units), converting into common shares at a $0 price. On the same date the filing shows a sale of 851 common shares at $10.30 each. After these reported transactions the filing lists 70,491 shares of common stock beneficially owned and 13,165 restricted stock units outstanding (direct ownership).
The RSUs were originally granted on 08/11/2023 and vest in three equal annual installments; the first and second installments vested on 08/11/2024 and 08/11/2025, subject to continued employment. The form was submitted on behalf of Wunsch by an attorney-in-fact.
Matthew Coley O'Brien, Chief People Officer of The Wendy's Company, had 1,813 restricted stock units vest on 08/11/2025, converting into 1,813 shares that included 188 dividend equivalent units. To satisfy tax-withholding obligations, 542 shares were disposed of at $10.30 per share, leaving Mr. O'Brien with beneficial ownership of 88,554 shares of common stock after the reported transactions. The restricted stock units were part of a grant dated August 11, 2023 that vests in three equal annual installments, with the first and second installments vesting on August 11, 2024 and 2025 respectively.
Liliana Esposito, Chief Corporate Affairs & Sustainability Officer of Wendy's Co. (WEN), reported equity activity tied to restricted stock units on 08/11/2025. A grant of restricted stock units awarded August 11, 2023 vests in three equal installments; the first and second installments vested on August 11, 2024 and 2025. The filing shows 1,617 shares were acquired upon vesting (including 166 dividend-equivalent units) at a reported acquisition price of $0.
The report also shows a disposition of 473 shares at $10.30, and reports beneficial ownership following the transactions of 88,431 shares (direct). The filing notes the restricted stock units include tandem dividend equivalent rights and tax withholding rights.
Wendy's Co Chief Accounting Officer Suzanne M. Thuerk had 387 restricted stock units vest into common stock on August 11, 2025, with 116 shares withheld at $10.30 per share to cover taxes. She now directly holds 8,679 Wendy's common shares, from an August 11, 2023 RSU grant that vests over three annual installments and carries dividend equivalent and tax withholding rights.
The Wendy's Company reported mixed second-quarter results with modest revenue declines but stable profitability and continued digital adoption. Revenues were $560.9 million, down 1.7% from the prior year quarter, while income before income taxes rose to $75.9 million and net income was $55.1 million. Global systemwide sales decreased to $3.66 billion (down 1.9%) and global same-restaurant sales fell 2.9%, driven by a 3.6% decline in U.S. same-restaurant sales. Digital sales grew meaningfully to approximately 20.5% of global systemwide sales.
Balance sheet and cash flow moves were notable: cash, cash equivalents and restricted cash declined to $330.1 million from $503.6 million, net cash used in financing activities was $272.7 million driven by $186.5 million of share repurchases and $76.2 million of dividends, and total long-term debt was $2.65 billion. The system counted 7,334 restaurants (387 company-operated). Management recorded $3.1 million of impairment YTD and continued system optimization activity.
On August 8, 2025, The Wendy’s Company (Nasdaq: WEN) filed a Form 8-K to furnish, under Item 2.02, a press release detailing its fiscal quarter ended June 29, 2025 results. The release is attached as Exhibit 99.1; however, no quantitative figures or guidance are included in the filing itself. The Company expressly designates the information as “furnished, not filed,” thereby limiting Section 18 liability and preventing automatic incorporation by reference into other Securities Act or Exchange Act documents. Additional exhibits include Exhibit 104 containing iXBRL cover-page data. Apart from announcing the availability of the earnings release, the 8-K contains no other material events or transactions.