[Form 4] Restaurant Brands International Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. President, International, Thiago Santelmo reported several equity transactions dated December 15, 2025. Multiple blocks of restricted share units vested, adding 2,165.4943, 1,501.2918 and 1,833.1104 common shares at an exercise price of $0.
A footnote explains that 786.0744, 544.969 and 665.4191 common shares were sold to cover withholding tax obligations related to these vestings at a sale price of $70.8733 per share. After these transactions, he directly beneficially owned 62,909.5909 common shares.
He also held derivative awards, including stock options exercisable for 10,000 common shares at $58.44, 10,000 at $64.75, 30,000 at $66.31, as well as restricted and performance share units with performance and vesting periods running through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,996.463 shares ($141,496)
Net Sell
18 txns
Insider
SANTELMO THIAGO T
Role
President, International
Sold
1,996.463 shs ($141K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 2,165.494 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,501.292 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,833.11 | $0.00 | -- |
| Exercise | Common Shares | 2,165.494 | $0.00 | -- |
| Sale | Common Shares | 786.074 | $70.8733 | $56K |
| Exercise | Common Shares | 1,501.292 | $0.00 | -- |
| Sale | Common Shares | 544.969 | $70.8733 | $39K |
| Exercise | Common Shares | 1,833.11 | $0.00 | -- |
| Sale | Common Shares | 665.419 | $70.8733 | $47K |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,166.59 shares (Direct);
Common Shares — 61,571.651 shares (Direct);
Exchangeable Units — 205 shares (Direct);
Option (Right to Buy) — 10,000 shares (Direct);
Performance Share Units — 19,400.726 shares (Direct)
Footnotes (1)
- Represents shares sold to cover withholding tax obligations on the settlement of the 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 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 will occur on December 31, 2025. These restricted share units vest in equal annual installments. The remaining vesting 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 ("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. 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 period. 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 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.
Restaurant Brand