Restaurant Brands (QSR) officer logs share sale and new equity awards on Form 4
Rhea-AI Filing Summary
Restaurant Brands International Inc. executive Jeffrey Housman, Chief People & Services Officer, reported routine equity compensation and related share activity. On January 6, 2026, he acquired 31.3674 common shares at $0, representing shares settled from dividend equivalent rights on previously vested restricted share units. On January 7, 2026, he sold 1,483.4363 common shares at $67.44 per share to cover withholding tax obligations tied to prior restricted share unit vesting. Following these transactions, he directly held 148,086.0766 common shares, along with various restricted share units, performance share units, options, and exchangeable units that each relate to future or contingent rights to receive common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 1,483.436 | $67.44 | $100K |
| Grant/Award | Restricted Share Units | 23.75 | $0.00 | -- |
| Grant/Award | Performance Share Units | 225.286 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 48.991 | $0.00 | -- |
| Grant/Award | Performance Share Units | 261.692 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 52.157 | $0.00 | -- |
| Grant/Award | Performance Share Units | 314.811 | $0.00 | -- |
| Grant/Award | Common Shares | 31.367 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
Footnotes (1)
- Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award. Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units. 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 shares 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 Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date. These options are fully vested and exercisable. Each restricted share unit represents a contingent right to receive one common share. Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. 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. Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate. 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 will have a performance period beginning 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 insider activity did QSR executive Jeffrey Housman report on this Form 4?
Jeffrey Housman, Chief People & Services Officer of Restaurant Brands International Inc. (QSR), reported acquiring 31.3674 common shares on January 6, 2026 from dividend equivalent rights and selling 1,483.4363 common shares on January 7, 2026 at $67.44 per share to cover tax withholding tied to restricted share unit vesting.
What derivative awards for QSR stock does Jeffrey Housman report holding?
He reports multiple derivative holdings, including fully vested options to buy 20,000, 30,000, and 20,000 common shares at exercise prices of $55.55, $58.44, and $66.31, respectively, as well as restricted share units and performance share units that each represent contingent rights to receive common shares.
What are the dividend equivalent rights mentioned in the QSR Form 4 footnotes?
The footnotes explain that certain additional shares and units represent dividend equivalent rights that accrue when dividends are paid on common shares underlying restricted share units or performance-based restricted share units. These rights vest, settle, and expire on the same terms as the underlying awards.
What is the role of exchangeable units in Jeffrey Housman’s QSR equity holdings?
The filing notes that 431 exchangeable units of Restaurant Brands International Limited Partnership are convertible, at Housman’s election, into common shares of Restaurant Brands International Inc. or into a cash amount determined by reference to the weighted average trading price of the common shares. This conversion right has no expiration date.
