Wendy's

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-03-16 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Wendy's Co (WEN) CIK: 0000030697 --- Reporting Owner --- Name: Arlin Wendy C. CIK: 0001876592 Role: Director --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-03-16 | Code: A (Grant or award) Shares: +201 | Price: $0.00 Shares Owned After: 24,913 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F2] Represents dividend equivalent units issued on March 16, 2026. [F3] The restricted stock units vested in full on May 21, 2025. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company. [F3] The restricted stock units vested in full on May 21, 2025. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company. [Transaction #2] Security: Restricted Stock Units Date: 2026-03-16 | Code: A (Grant or award) Shares: +291 | Price: $0.00 Shares Owned After: 25,204 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F2] Represents dividend equivalent units issued on March 16, 2026. [F4] The restricted stock units will vest in full on the earlier of May 21, 2026 or the date of the Company's 2026 annual meeting of stockholders. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company. [F4] The restricted stock units will vest in full on the earlier of May 21, 2026 or the date of the Company's 2026 annual meeting of stockholders. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company. --- Footnotes (Complete Index) --- F1: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. F2: Represents dividend equivalent units issued on March 16, 2026. F3: The restricted stock units vested in full on May 21, 2025. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company. F4: The restricted stock units will vest in full on the earlier of May 21, 2026 or the date of the Company's 2026 annual meeting of stockholders. Vested shares will be delivered upon Ms. Arlin's termination as a director of the Company. --- Signature --- /s/ /s/ Mark L. Johnson, Attorney-in-Fact (2026-03-18)