# EDGAR Filing Document

**Accession Number:** 0001345471
**File Stem:** 0001193125-25-190972
**Filing Date:** 2025-8
**Character Count:** 5206
**Document Hash:** d1250e4db602dcf599c1b6aeb998a965
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-190972.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001193125-25-190972

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRIAN FUND MANAGEMENT, L.P.
- **CENTRAL INDEX KEY:** 0001345471

**ORGANIZATION NAME:**
- **EIN:** 203454182
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12039
- **FILM NUMBER:** 251271271

**BUSINESS ADDRESS:**
- **STREET 1:** 280 PARK AVENUE
- **STREET 2:** 41ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-451-3000

**MAIL ADDRESS:**
- **STREET 1:** 280 PARK AVENUE
- **STREET 2:** 41ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Trian Fund Management, L.P.
- **DATE OF NAME CHANGE:** 20051128

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001345471

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** TRIAN FUND MANAGEMENT, L.P.

**Address:** 280 PARK AVENUE, NEW YORK, NY 10017

**Telephone number:** 2124513000

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-12039

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 7IOPMSFRGG5SGUS6F522

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 3

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER            | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                          | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Ferguson Plc New          | G3421J106 | 12/5/2024      | Executive Compensation including the Compensation Discussion and Analysis | SECTION 14A SAY-ON-PAY VOTES |         170000 |                0 | FOR         |                                   170000 | FOR                         |  |
| Solventum Corporation     | 83444M101 | 04/30/2025     | Executive Compensation including the Compensation Discussion and Analysis | SECTION 14A SAY-ON-PAY VOTES |        8212306 |           250513 | AGAINST     |                                  8212306 | AGAINST                     |  |
| Janus Henderson Group plc | G4474Y214 | 04/30/2025     | Executive Compensation including the Compensation Discussion and Analysis | SECTION 14A SAY-ON-PAY VOTES |       31867800 |                0 | FOR         |                                 31867800 | FOR                         |  |
| Invesco Ltd.              | G491BT108 | 05/23/2025     | Executive Compensation including the Compensation Discussion and Analysis | SECTION 14A SAY-ON-PAY VOTES |       23163629 |                0 | ABSTAIN     |                                 23163629 | AGAINST                     |  |
| GE Aerospace              | 369604301 | 05/06/2025     | Executive Compensation including the Compensation Discussion and Analysis | SECTION 14A SAY-ON-PAY VOTES |        4016414 |                0 | FOR         |                                  4016414 | FOR                         |  |
| The Allstate Corporation  | 020002101 | 05/29/2025     | Executive Compensation including the Compensation Discussion and Analysis | SECTION 14A SAY-ON-PAY VOTES |         316330 |             1320 | FOR         |                                   316330 | FOR                         |  |
| Wendys Co.                | 95058W100 | 05/21/2025     | Executive Compensation including the Compensation Discussion and Analysis | SECTION 14A SAY-ON-PAY VOTES |       14257874 |           685592 | FOR         |                                 14257874 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** TRIAN FUND MANAGEMENT, L.P.

**By (Signature):** Peter W. May

**By (Printed Signature):** Peter W. May

**By (Title):** Member of its General Partner

**Date:** 08/28/2025