Restaurant Brands (QSR) EVP Jill Granat details share units and options
Rhea-AI Filing Summary
Restaurant Brands International Inc. executive Jill Granat, EVP, General Counsel & Secretary, reported equity transactions and holdings in company stock. On December 31, 2025, restricted share units vested and converted into 4,859.5502 common shares, increasing her directly held common shares to 460,159.8943. The filing also lists derivative holdings, including fully vested stock options to buy 50,000 common shares at $66.31 and 25,000 common shares at $56.92, plus exchangeable units and multiple blocks of restricted share units and performance share units that vest over future dates based on service and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 4,859.55 | $0.00 | -- |
| Exercise | Common Shares | 4,859.55 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Footnotes (1)
- 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. 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. These options are fully vested and exercisable. 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 occurred 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 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 transaction did QSR executive Jill Granat report?
The report shows that on December 31, 2025, certain restricted share units held by Jill Granat vested and were settled into 4,859.5502 common shares of Restaurant Brands International Inc.
What stock options does Jill Granat hold in Restaurant Brands International (QSR)?
The filing lists fully vested options to buy 25,000 common shares at an exercise price of $56.92 expiring on 02/20/2030, and options to buy 50,000 common shares at $66.31 expiring on 05/04/2027.
What is Jill Granat’s role at Restaurant Brands International (QSR)?
Jill Granat is identified in the report as an Officer of Restaurant Brands International Inc., serving as EVP, General Counsel & Secretary.