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: Spessard Matthew P CIK: 0002014323 Role: Officer (Chief Information Officer) --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-03-16 | Code: A (Grant or award) Shares: +12 | Price: $0.00 Shares Owned After: 62,702 | Ownership: D (Direct) Footnotes: [F1] With tandem dividend equivalent rights and tax withholding rights. [F2] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F3] Represents dividend equivalent units issued on March 16, 2026. [F4] The restricted stock units will vest in one remaining installment on August 11, 2026, subject to Mr. Spessard's continued employment with the Company on the vesting date. [F4] The restricted stock units will vest in one remaining installment on August 11, 2026, subject to Mr. Spessard's continued employment with the Company on the vesting date. [Transaction #2] Security: Restricted Stock Units Date: 2026-03-16 | Code: A (Grant or award) Shares: +46 | Price: $0.00 Shares Owned After: 62,748 | Ownership: D (Direct) Footnotes: [F1] With tandem dividend equivalent rights and tax withholding rights. [F2] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F3] Represents dividend equivalent units issued on March 16, 2026. [F5] The restricted stock units will vest in two remaining equal installments on August 5, 2026 and 2027, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. [F5] The restricted stock units will vest in two remaining equal installments on August 5, 2026 and 2027, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. [Transaction #3] Security: Restricted Stock Units Date: 2026-03-16 | Code: A (Grant or award) Shares: +138 | Price: $0.00 Shares Owned After: 62,886 | Ownership: D (Direct) Footnotes: [F1] With tandem dividend equivalent rights and tax withholding rights. [F2] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F3] Represents dividend equivalent units issued on March 16, 2026. [F6] The restricted stock units will vest in two remaining equal installments on February 20, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. [F6] The restricted stock units will vest in two remaining equal installments on February 20, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. [Transaction #4] Security: Restricted Stock Units Date: 2026-03-16 | Code: A (Grant or award) Shares: +175 | Price: $0.00 Shares Owned After: 63,061 | Ownership: D (Direct) Footnotes: [F1] With tandem dividend equivalent rights and tax withholding rights. [F2] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F3] Represents dividend equivalent units issued on March 16, 2026. [F7] The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. [F7] The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. [Transaction #5] Security: Restricted Stock Units Date: 2026-03-16 | Code: A (Grant or award) Shares: +876 | Price: $0.00 Shares Owned After: 63,937 | Ownership: D (Direct) Footnotes: [F1] With tandem dividend equivalent rights and tax withholding rights. [F2] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F3] Represents dividend equivalent units issued on March 16, 2026. [F8] The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. [F8] The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. --- Footnotes (Complete Index) --- F1: With tandem dividend equivalent rights and tax withholding rights. F2: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. F3: Represents dividend equivalent units issued on March 16, 2026. F4: The restricted stock units will vest in one remaining installment on August 11, 2026, subject to Mr. Spessard's continued employment with the Company on the vesting date. F5: The restricted stock units will vest in two remaining equal installments on August 5, 2026 and 2027, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. F6: The restricted stock units will vest in two remaining equal installments on February 20, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. F7: The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. F8: The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. --- Signature --- /s/ /s/ Mark L. Johnson, Attorney-in-Fact (2026-03-18)