Restaurant Brands (QSR) executive Axel Schwan reports share sale and equity awards
Rhea-AI Filing Summary
Restaurant Brands International executive Axel Schwan reported equity compensation activity and a related share sale. On January 6, 2026, he acquired 36.745 common shares of Restaurant Brands International Inc. through the settlement of dividend equivalent rights on previously vested restricted share units, bringing his directly owned common shares to 166,839.7907.
On January 7, 2026, he sold 2,186.7596 common shares at $67.44 per share to cover withholding tax obligations on restricted share unit settlements, reducing his directly owned common shares to 164,653.0311. He also holds fully vested stock options covering 40,000, 30,000 and 56,000 common shares at exercise prices of $58.44, $64.75 and $66.31, respectively, plus multiple restricted share units and performance share units (with associated dividend equivalent rights) scheduled to vest between February 22, 2026 and March 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 2,186.76 | $67.44 | $147K |
| Grant/Award | Restricted Share Units | 39.898 | $0.00 | -- |
| Grant/Award | Performance Share Units | 750.952 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 65.887 | $0.00 | -- |
| Grant/Award | Performance Share Units | 523.385 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 86.492 | $0.00 | -- |
| Grant/Award | Performance Share Units | 585.703 | $0.00 | -- |
| Grant/Award | Common Shares | 36.745 | $0.00 | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
Footnotes (1)
- Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award. Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units. 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 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. 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 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 activity did Restaurant Brands International (QSR) disclose for Axel Schwan?
The company reported that Axel Schwan, Pres., Tim Hortons Americas, acquired 36.745 common shares on January 6, 2026 from dividend equivalent rights and sold 2,186.7596 common shares on January 7, 2026 at $67.44 per share to cover tax withholding on restricted share unit settlements.
What stock options does Axel Schwan hold in Restaurant Brands International (QSR)?
Axel Schwan holds fully vested options to buy 40,000 common shares at an exercise price of $58.44, 30,000 common shares at $64.75, and 56,000 common shares at $66.31, all noted as fully vested and exercisable.
What are dividend equivalent rights in the context of Axel Schwan’s QSR equity awards?
Dividend equivalent rights are amounts that accrue when and as dividends are paid on common shares underlying restricted share units or performance-based restricted share units. They vest proportionately with, and are settled or expire on the same terms as, the underlying units, and in this case resulted in additional common shares being credited to Axel Schwan.
