Peltz sells 1.00M WEN shares at $17.18 on 2024-08-08; holds 14.94M post-sale. Stock -21.6% from 52-wk high.
Director Matthew H. Peltz sold 1,000,000 shares (1.00M shares) of Wendy's at $17.18, reducing his stake by approximately 6.3% to 14,943,466 shares (14.94M shares). At his prior trades at WEN, 3 of 4 prior sells were well-timed at the 90-day mark, and his cross-ticker track record shows a 75.00% well-timed rate on prior sells; this sale at $17.18 compares to a current price of $17.12, down -21.6% from the 52-week high of $21.83. The stock's 30-day change is +7.9% but 90-day change is -9.9%, reflecting volatility in the current period. With Peltz maintaining substantial holdings at 14,943,466 shares post-transaction, this sale appears consistent with a pattern of opportunistic selling rather than portfolio liquidation.