Wendys Co SEC Filings

Insider grant disclosure: The Form 4 shows that E.J. Wunsch, President, International of The Wendy's Company (WEN), was granted employee stock options and restricted stock units on 08/12/2025. Two Employee Stock Option awards with an exercise price of $10.11 are reported, each listing 284,918 underlying shares and an expiration/exercise window through 08/12/2035. Two Restricted Stock Unit awards were reported for 22,551 and 112,759 units. The RSUs and options vest in scheduled installments in 2026–2028 (vesting contingent on continued employment) and the RSUs reflect dividend-equivalent and tax-withholding rights.

Insider award disclosure: The Form 4 reports that Peter J. Suerken Jr., President, U.S. of The Wendy's Company (WEN), was granted equity awards on 08/12/2025. He acquired an employee stock option covering 281,169 shares with an exercise price of $10.11 and an expiration date of 08/12/2035. He also received 22,255 restricted stock units, each representing a contingent right to one share. Both the option and the RSUs vest in three equal installments on August 12 of 2026, 2027 and 2028, subject to continued employment. Following the transactions, Mr. Suerken beneficially owns 281,169 shares from the option and 160,631 total shares beneficially owned including previously held awards and these RSUs.

The Wendy's Company (WEN) reported insider awards to Kenneth M. Cook, identified as Interim CEO and CFO, showing equity grants dated 08/12/2025. Cook received two employee stock options: one for 209,002 shares and another for 374,892 shares, both exercisable at $10.11 and expiring on 08/12/2035. He also was granted restricted stock units totaling 164,910 (16,543 and 148,367), representing rights to the same number of common shares. The awards vest over two- or three-year schedules contingent on continued employment and include tax withholding and dividend-equivalent features where applicable. The Form 4 discloses beneficial ownership counts after the transactions: 209,002, 374,892, and 33,889 and 182,256 for the respective grants.

Harris Associates reports holding 11,076,295 shares of The Wendy's Company (WEN), representing 5.8% of the outstanding common stock. The filing states Harris Associates L.P. and its general partner, Harris Associates, Inc., have sole voting power for 11,070,682 shares and sole dispositive power for 11,076,295 shares. The holders say the shares are held in the ordinary course of business and not to influence control.

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.