Director Nelson Peltz sells 1,000,000 shares of Wendy's at $17.18, reducing stake to 14.94M shares (−6.3%)
Nelson Peltz, Director, divested 1,000,000 shares (1.00M shares) at $17.18 on 2024-08-08, reducing his holdings from 15,943,466 shares to 14,943,466 shares—a -6.3% reduction. The sale occurred at a price now 0.3% above the current market price of $17.12 but 21.6% below the 52-week high of $21.83. Peltz's cross-ticker track record shows a 90-day well-timed rate of 75.00%, indicating a pattern of selling before declines, with prior WEN sales showing 3 of 4 prior trades were well-timed at the 90-day mark. The 90-day outlook post-transaction has already moved -9.9%, aligning with his historical sell patterns. This divestiture, despite retaining substantial WEN holdings (14.94M shares), reflects continued reductions in a position he has been scaling back; his same-ticker history shows consistent selling activity across 2023–2024.