Trian Fund Management, L.P.

Trian Fund Management, L.P. has filed trades across 4 companies (mainly through SEC (Form 4)), most often in Wendy's Co, Trian Acquisition I Corp. and Invesco Ltd. In total, 178 filings cover trades dated from 17 September 2008 to 3 March 2023.

In open-market terms, that means 107 purchases worth €933.2M on one side and 45 sales worth €2.0B on the other. The totals do not cover 6 filings with an undisclosed amount. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Outside the open market, there are 16 share grants. So far in 2023, the count stands at no purchases and 6 sales.

In size, the median ticket on the buying side is €2.2M. Of 12 purchases, 9 formed part of a group of insiders buying within 30 days of each other. Purchases made close together by different insiders form what is called a cluster. Ninety days after publication, 38 purchases show a median change of -12.8%, with the price up in 8% of them. These figures describe past trades and do not predict future prices.

On 3 March 2023 came the latest disclosure, an open-market sale for €75.5M in Wendy's Co. The most recent open-market purchase was published on 4 April 2022, 1,679 days ago. The median gap between a trade and its publication by SEC (Form 4) is 2 days. US insiders must file a Form 4 within two business days of a trade. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.