Restaurant Brands (QSR) officer discloses shares, options and RSUs
Rhea-AI Filing Summary
Restaurant Brands International Inc. (QSR) reported the equity holdings of its officer serving as President, Popeyes-US & Canada, in a Form 3 beneficial ownership statement. The reporting person directly owns 35,108.182 common shares. In addition, they hold stock options to buy 10,000 common shares at $64.75 expiring on February 21, 2029, and 12,000 common shares at $66.31 expiring on February 20, 2030.
The filing also shows multiple grants of restricted share units (RSUs) and performance share units (PSUs), each representing a contingent right to receive one common share, with vesting dates running through late 2028. Certain awards are performance-based (2023, 2024, and 2025 PBRSUs), where the ultimate number of shares earned can increase or decrease based on specified performance conditions over multi‑year periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- These options are fully vested and exercisable. These restricted share units vest on December 31, 2025. Each restricted share unit represents a contingent right to receive one common share. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2025 and December 15, 2026. The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 2026. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2025, December 15, 2026 and December 15, 2027. The shares reported represent an award of performance based restricted share units ("2024 PBRSUs") granted to the Reporting Person. The 2024 PBRSUs will have a performance period beginning February 23, 2024 and ending February 23, 2027 and to the extent earned will vest on March 15, 2027. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition. These restricted share units vest in equal annual installments. The vestings will occur on December 15, 2025, December 15, 2026, December 15, 2027 and December 15, 2028. The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs will have a performance period beginning on February 28, 2025 and ending February 28, 2028 and to the extent earned will vest on March 15, 2028. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
FAQ
What does Restaurant Brands International (QSR) disclose in this Form 3?
This Form 3 discloses the initial beneficial ownership of Restaurant Brands International Inc. common shares and equity awards held by its officer who serves as President, Popeyes-US & Canada. It lists directly owned common shares, stock options, restricted share units, and performance share units, along with key vesting and expiration terms.
What stock options are reported by the QSR executive?
The executive holds two option awards: an option to buy 10,000 common shares at $64.75 per share expiring on February 21, 2029, and an option to buy 12,000 common shares at $66.31 per share expiring on February 20, 2030. The filing notes that these options are fully vested and exercisable.
What are the performance-based RSUs (PBRSUs) reported for QSR?
The Form 3 reports three performance-based RSU awards: 12,125.4536 2023 PBRSUs with a performance period from January 1, 2023 to December 31, 2025 and vesting on February 22, 2026; 11,972.1119 2024 PBRSUs with a performance period from February 23, 2024 to February 23, 2027 and vesting on March 15, 2027; and 13,396.9135 2025 PBRSUs with a performance period from February 28, 2025 to February 28, 2028 and vesting on March 15, 2028. The number of shares earned will vary based on performance conditions.
What is the reporting person’s role at Restaurant Brands International (QSR)?
The reporting person is an officer of Restaurant Brands International Inc., serving as President, Popeyes-US & Canada, and is filing individually as indicated by the Form 3.