January 4, 2024 · Form 4 insider transaction
Peltz Matthew H. bought 1,379 shares of The Wendy's Company at $19.67 per share, a transaction worth $27.1K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Shares were issued pursuant to the Company's 2020 Omnibus Award Plan (the "Plan") in lieu of a 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.