QSR (QSR) CFO Siddiqui granted new RSU, PBRSU awards and holds 20,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. Chief Financial Officer Sami A. Siddiqui reported multiple equity awards, all classified as grants or awards, with no open‑market buys or sells. On April 2, 2026, he acquired new restricted share units and performance share units that each represent a contingent right to receive common shares.
The filing notes several performance-based restricted share unit awards, including 2024 PBRSUs, 2025-1 PBRSUs, 2025-2 PBRSUs and 2026 PBRSUs, which will vest between March 15, 2027 and March 15, 2029 to the extent performance conditions are met. Restricted share units generally vest in equal annual installments through dates ranging from December 15, 2026 to December 15, 2029. Siddiqui also holds fully vested options covering 20,000 common shares at an exercise price of $66.31 per share and direct holdings of common shares, alongside 258,855 common shares held indirectly by a revocable trust for his benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Siddiqui Sami A.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 21.29 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 64.645 | $0.00 | -- |
| Grant/Award | Performance Share Units | 430.639 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 67.589 | $0.00 | -- |
| Grant/Award | Performance Share Units | 619.596 | $0.00 | -- |
| Grant/Award | Performance Share Units | 653.822 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 124.729 | $0.00 | -- |
| Grant/Award | Performance Share Units | 503.131 | $0.00 | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,481.07 shares (Direct);
Performance Share Units — 50,185.969 shares (Direct);
Option (Right to Buy) — 20,000 shares (Direct);
Common Shares — 12,139.257 shares (Direct);
Common Shares — 258,855 shares (Indirect, By Trust)
Footnotes (1)
- These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person. 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 vestings will occur on December 15, 2026. 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. 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, December 15, 2027 and December 15, 2028. The shares reported represent an award of performance based restricted share units ("2025-1 PBRSUs") granted to the Reporting Person. The 2025-1 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. The shares reported represent an award of performance based restricted share units ("2025-2 PBRSUs") granted to the Reporting Person. The 2025-2 PBRSUs will have a performance period beginning May 15, 2025 and ending May 21, 2028 and to the extent earned will vest on May 21, 2030. 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, 2026, December 15, 2027, December 15, 2028 and December 15, 2029. The shares reported represent an award of performance based restricted shares units ("2026 PBRSUs") granted to the Reporting Person. The 2026 PBRSUs will have a performance period beginning February 25, 2026 and ending February 25, 2029 and to the extent earned will vest on March 15, 2029. 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.
Key Figures
2024 PBRSUs award: 430.6387 units
2025-1 PBRSUs award: 503.1312 units
2025-2 PBRSUs award: 619.5957 units
+4 more
7 metrics
2024 PBRSUs award
430.6387 units
Performance based restricted share units vesting March 15, 2027 if earned
2025-1 PBRSUs award
503.1312 units
Performance based units with period to February 28, 2028, vesting March 15, 2028 if earned
2025-2 PBRSUs award
619.5957 units
Performance based units with period to May 21, 2028, vesting May 21, 2030 if earned
2026 PBRSUs award
653.8220 units
Performance based units with period to February 25, 2029, vesting March 15, 2029 if earned
Stock options
20,000 shares at $66.31
Fully vested options on common shares expiring February 20, 2030
Direct common shares
12,139.257 shares
Direct holdings of common shares following reported transactions
Indirect trust shares
258,855 shares
Common shares held indirectly by a revocable trust for the reporting person
Key Terms
restricted share units, performance based restricted share units, dividend equivalent rights, revocable trust, +2 more
6 terms
dividend equivalent rights financial
"Represents dividend equivalent rights that accrued on the underlying award of restricted share units."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
revocable trust financial
"These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
performance period financial
"The 2024 PBRSUs will have a performance period beginning February 23, 2024 and ending February 23, 2027"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
vest in equal annual installments financial
"These restricted share units vest in equal annual installments."
FAQ
What insider transactions did QSR CFO Sami A. Siddiqui report on April 2, 2026?
Sami A. Siddiqui reported only grant or award acquisitions of equity on April 2, 2026. These included new restricted share units and performance share units, each representing a contingent right to receive common shares, with no open‑market purchases or sales disclosed.
What stock options does QSR’s CFO hold according to this Form 4?
The filing shows fully vested options on 20,000 common shares with a $66.31 exercise price, expiring February 20, 2030. A footnote clarifies these options are fully vested and exercisable, providing potential future access to additional common shares at that strike price.