Tax-related stock sale by Restaurant Brands (NYSE: QSR) executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. officer Jill Granat reported a set of equity transactions. She sold 11,524.9807 common shares on February 23, 2026 at $67.51 per share in an open-market transaction to cover withholding tax on vested performance-based restricted share units. On February 22, 2026, she exercised 36,714.2893 performance share units and acquired 29,371.4314 common shares through derivative conversion. After these moves, she directly holds 476,126.4063 common shares, along with exchangeable units, options, restricted share units, and performance-based restricted share units that vest over future dates tied to performance and service conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,524.981 shares ($778,051)
Net Sell
11 txns
Insider
Granat Jill
Role
See Remarks
Sold
11,524.981 shs ($778K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 11,524.981 | $67.51 | $778K |
| Exercise | Performance Share Units | 36,714.289 | $0.00 | -- |
| Exercise | Common Shares | 29,371.431 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Holdings After Transaction:
Common Shares — 476,126.406 shares (Direct);
Performance Share Units — 0 shares (Direct);
Exchangeable Units — 52,965 shares (Direct);
Option (Right to Buy) — 50,000 shares (Direct);
Restricted Share Units — 3,965.497 shares (Direct)
Footnotes (1)
- The 2023 PBRSUs vested at 80% of target based on the results of the performance condition. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's performance based 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 15, 2026. The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs had a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned vested on February 22, 2026. The 2023 PBRSUs vested at 80% of target. 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 transactions did Jill Granat report for Restaurant Brands (QSR)?
Jill Granat reported selling 11,524.9807 Restaurant Brands common shares at $67.51 and exercising 36,714.2893 performance share units into 29,371.4314 common shares. The sale was made to cover tax withholding related to vested performance-based restricted share units.
What performance-based units were involved in Jill Granat’s Restaurant Brands (QSR) transactions?
Granat exercised 36,714.2893 performance share units, tied to 2023 performance-based restricted share units that vested at 80% of target. She also holds 2024 and 2025 performance-based restricted share units with performance periods ending in 2027 and 2028, respectively, subject to future performance results.
What future vesting schedules affect Jill Granat’s Restaurant Brands (QSR) equity awards?
Several restricted share unit grants vest in equal annual installments, with remaining vesting dates on December 15, 2026, December 15, 2027, and December 15, 2028. Performance-based restricted share units may vest on March 15, 2027 and March 15, 2028, depending on performance outcomes.