Restaurant Brands (NYSE: QSR) Executive Chairman updates equity awards and holdings
Rhea-AI Filing Summary
Restaurant Brands International Executive Chairman J. Patrick Doyle reported new equity awards and updated his share holdings. On January 6, 2026, he received 2,052.1385 restricted share units, each representing a contingent right to one common share, and 7,695.5195 performance-based restricted share units that can be earned at 50% to 200% of target based on share-price performance through May 21, 2028.
Following these awards, Doyle directly holds 193,855.0238 common shares, 2,000,000 options to buy common shares expiring in 2032, and derivative positions including 222,954.9217 restricted share units and 836,080.9563 performance share units500,000 common shares are held by Lodgepole 231 LLC, where he serves as investment manager with sole voting and dispositive power but disclaims beneficial ownership beyond his economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 2,052.139 | $0.00 | -- |
| Grant/Award | Performance Share Units | 7,695.52 | $0.00 | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- These shares are held by Lodgepole 231 LLC, a Delaware limited liability company ("L231LLC"). The Reporting Person is a member of L231LLC and the Investment Manager with the sole voting and dispositive power over all of the assets of L231LLC, including the shares. The Reporting Person disclaims beneficial ownership of the securities held by L231LLC except to the extent of his pecuniary interest therein. 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 November 21, 2026 and November 21, 2027. The performance based restricted share units ("PBRSUs") will have a performance period beginning November 21, 2022 and ending May 21, 2028 and may be earned from 50% for the threshold performance to 200% for maximum performance, based on meeting performance targets tied to the appreciation of the price of RBI common shares. 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.
FAQ
What insider activity did QSR Executive Chairman J. Patrick Doyle report?
J. Patrick Doyle reported new equity awards and updated holdings. On January 6, 2026, he received 2,052.1385 restricted share units and 7,695.5195 performance-based restricted share units, both with a price of $0 per unit.
How do dividend equivalent rights affect Doyle’s QSR equity awards?
Some of the reported restricted share units and performance share units include dividend equivalent rights, which accrue when dividends are paid on the underlying common shares. These rights vest proportionately with, and settle on the same terms as, the related restricted share units or performance-based restricted share units.
