Restaurant Brands (QSR) discloses officer share sales and equity awards
Rhea-AI Filing Summary
Restaurant Brands International Chief Corporate Officer Duncan Fulton reported insider share transactions dated December 15, 2025. Several batches of restricted share units vested, resulting in acquisitions of 2,434.3095, 2,550.8236 and 1,610.4743 common shares at an exercise price of $0. On the same date, he sold 1,303.0859, 1,365.4558 and 862.0869 common shares at $70.8932 per share, and the company notes these sales were made to cover withholding tax obligations on the RSU settlements. After these transactions, he directly owned 39,280.1374 common shares.
He also holds stock options to buy 60,000 common shares at an exercise price of $63.64 and 15,000 common shares at $66.31, both fully vested with expirations in 2028 and 2030. In addition, he beneficially owns various restricted share units and performance-based restricted share units that vest in annual installments or based on performance results, with remaining vesting or settlement dates running from late 2025 through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 2,434.31 | $0.00 | -- |
| Exercise | Restricted Share Units | 2,550.824 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,610.474 | $0.00 | -- |
| Exercise | Common Shares | 2,434.31 | $0.00 | -- |
| Sale | Common Shares | 1,303.086 | $70.8932 | $92K |
| Exercise | Common Shares | 2,550.824 | $0.00 | -- |
| Sale | Common Shares | 1,365.456 | $70.8932 | $97K |
| Exercise | Common Shares | 1,610.474 | $0.00 | -- |
| Sale | Common Shares | 862.087 | $70.8932 | $61K |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Footnotes (1)
- Represents shares sold to cover withholding tax obligations on the settlement of the reporting vesting of the Reporting Person's restricted share units. The reported shares were sold in Canadian dollars at a price of CAD$97.6222 per share. The purchase price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on the sale date. The options were issued with an exercise price of CAD $82.81. The reported exercise price represents the U.S. dollar equivalent. These options are fully vested and exercisable. The options were issued with an exercise price of CAD $88.03. The reported exercise price represents the U.S. dollar equivalent. Each restricted share unit represents a contingent right to receive one common share. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 31, 2025. These restricted share units vest in equal annual installments. The remaining vesting will occur on 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, 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 remaining vestings will occur on 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 have a performance period beginning on February 28, 2025 and ending on 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 stock options does the reporting person hold in Restaurant Brands International (QSR)?
He holds options to buy 60,000 common shares at an exercise price of $63.64 and 15,000 common shares at $66.31. These options are fully vested and exercisable, with expirations in 2028 and 2030.