Restaurant Brands (QSR) President, International updates equity awards and options
Rhea-AI Filing Summary
Restaurant Brands International Inc.'s President, International reported equity activity and current holdings. A block of 1,860.572 restricted share units vested on December 31, 2025 and converted into common shares at a price of $0, increasing the executive’s directly held stake to 64,770.1629 common shares. The filing also lists multiple stock options with exercise prices between $55.55 and $66.31 and expirations from February 2027 through February 2030, along with additional restricted share units and performance-based share units scheduled to vest over future dates based on continued service and performance conditions.
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- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 1,860.572 | $0.00 | $0.00 |
| Exercise | Common Shares | 1,860.572 | $0.00 | $0.00 |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Footnotes (11)
- F1. Represents the vesting of the Reporting Person's restricted share units, which will settle shortly thereafter. Any shares that are withheld or sold to satisfy tax obligations will be reported separately in connection with the settlement.
- F2. Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common share on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
- F3. These options are fully vested and exercisable.
- F4. Each restricted share unit represents a contingent right to receive one common share.
- F5. These restricted share units vest in equal annual installments. The remaining vesting occurred on December 31, 2025.
- F6. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- F7. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- F8. 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.
- F9. 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 period.
- F10. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026, December 15, 2027 and December 15, 2028.
- F11. The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs 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.
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FAQ
What insider activity did QSR’s President, International report in this filing?
The executive reported the vesting of 1,860.572 restricted share units on December 31, 2025, which converted into common shares at a price of $0, and updated his equity holdings.
What stock options for Restaurant Brands International Inc. does the insider hold?
The filing lists several options to buy QSR common shares, including grants with exercise prices of $55.55, $58.44, $64.75, and $66.31, with expirations from February 23, 2027 through February 20, 2030.
Does this QSR insider filing involve any derivative or exchangeable securities?
Yes. It notes that each Restaurant Brands International Limited Partnership exchangeable unit is convertible into QSR common shares or a cash amount based on the weighted average trading price over 20 trading days, with no stated expiration for this conversion right.