Wendy's: Harris Associates Reports 3.1% Stake

The Wendy's Company amends a Schedule 13G reporting institutional ownership by Harris Associates.

Rhea-AI Filing Summary

The Wendy's Company amends a Schedule 13G reporting institutional ownership by Harris Associates. The amendment lists 5,929,801 shares beneficially owned with 5,919,770 shares of sole voting power and 5,929,801 shares of sole dispositive power as of 03/31/2026. The filing reports this position represents 3.1% of the class and is signed by Joseph J. Allessie on 05/15/2026.

Insights

Institutional Ownership Analyst

Harris Associates holds a modest 3.1% stake with sole voting and dispositive authority.

Harris Associates is reported as beneficial owner of 5,929,801 shares of common stock, with 5,919,770 shares of sole voting power as of 03/31/2026. The filing is an amended Schedule 13G, indicating passive/institutional reporting rather than an active control filing.

The position size (3.1%) is below typical control thresholds; cash‑flow treatment and trading intent are not stated in the excerpt. Subsequent filings or disclosures would show changes in ownership or voting activity.

Key Figures

Beneficial ownership: 5,929,801 shares Sole voting power: 5,919,770 shares Sole dispositive power: 5,929,801 shares +4 more

7 metrics

Beneficial ownership 5,929,801 shares as of 03/31/2026

Sole voting power 5,919,770 shares cover page voting power line

Sole dispositive power 5,929,801 shares cover page dispositive power line

Percent of class 3.1% Item 11 on the cover page

Reporting form Schedule 13G/A Amendment No. 1 heading

CUSIP 95058W100 cover page identifier

Signature date 05/15/2026 signed by Joseph J. Allessie

Key Terms

Schedule 13G/A, Beneficially owned, Sole dispositive power, Sole voting power

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 heading and Item references"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"7 | Sole Dispositive Power 5,929,801.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Sole voting power regulatory

"5 | Sole Voting Power 5,919,770.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Harris Associates report in WEN?

Harris Associates reports beneficial ownership of 5,929,801 shares, representing 3.1% of the common stock as stated in the amendment.

How many votes does Harris Associates control in WEN?

The filing shows 5,919,770 shares of sole voting power and 0 shared voting power as listed on the cover page.

What is the reporting period for the ownership figures?

The ownership figures are reported as of 03/31/2026 in the amended Schedule 13G included in the excerpt.

Who signed the Schedule 13G/A amendment for Harris Associates?

The amendment is signed by Joseph J. Allessie, General Counsel and Secretary, dated 05/15/2026.

Does the filing indicate Harris Associates seeks control of Wendy's?

The document is an amended Schedule 13G, which in this excerpt lists passive ownership details and does not state any intent to seek control.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:21 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

The Wendy's Company

(Name of Issuer)

Common stock, $0.10 par value

(Title of Class of Securities)

95058W100

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 95058W100

1

Names of Reporting Persons

HARRIS ASSOCIATES L P

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,919,770.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,929,801.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,929,801.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 95058W100

1

Names of Reporting Persons

Harris Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,919,770.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,929,801.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,929,801.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.1 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: The Wendy's Company
(b)	Address of issuer's principal executive offices: One Dave Thomas Blvd, Dublin, OH, 43017.
Item 2.
(a)	Name of person filing: Harris Associates L.P. ("Harris") Harris Associates, Inc. ("General Partner") **Harris Associates, Inc., for itself and as General Partner
(b)	Address or principal business office or, if none, residence: 111 South Wacker Drive Suite 4600, Chicago, IL 60606
(c)	Citizenship: See Item 4 on the cover page(s) hereto.
(d)	Title of class of securities: Common stock, $0.10 par value
(e)	CUSIP No.: 95058W100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: By reason of advisory and other relationships with the person who owns the Shares, Harris may be deemed to be the beneficial owner of the shares specified in Item 9 on the cover page(s) hereto. Harris has been granted the power to vote Shares in circumstances it determines to be appropriate in connection with assisting its advised clients to whom it renders financial advice in the ordinary course of business, by either providing information or advice to the persons having such power, or by exercising the power to vote.
(b)	Percent of class: See Item 11 on the cover page(s) hereto.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HARRIS ASSOCIATES L P

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	05/15/2026

Harris Associates, Inc.

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	05/15/2026