Restaurant Brands' Perdue accrues dividend rights
The number of common shares ultimately earned under the performance-based awards may increase or decrease based on performance results.
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Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. (QSR) reported that Peter Perdue, President, Popeyes-US & Canada, acquired restricted share unit and performance-based restricted share unit interests on October 2, 2026. The reported restricted share unit amounts were 4.7275, 20.5345, 21.2004 and 25.6290 units; performance-based unit amounts were 114.5706, 128.2056 and 275.5857 units. The entries are described as dividend equivalent rights accrued on underlying awards, and the eventual common-share amounts for performance-based awards are subject to increase or decrease based on performance results.
Perdue's reported direct common-share position was 43,627 shares. He also held fully vested and exercisable options covering 10,000 common shares at $64.75, expiring February 21, 2029, and 12,000 common shares at $66.31, expiring February 20, 2030.
Insider Trade Summary
Grant/Award: 590.4533 shares
Grant/Award
10 txns
Insider
PERDUE PETER
Role
President, Popeyes-US & Canada
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units F2, F3, F4 | 4.7275 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F2, F3, F5 | 20.5345 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F7 | 114.5706 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F2, F3, F8 | 21.2004 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F9, F7 | 128.2056 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F2, F3, F10 | 25.629 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F11, F7 | 275.5857 | $0.00 | $0.00 |
| holding | Option (Right to Buy) F1 | -- | -- | -- |
| holding | Option (Right to Buy) F1 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 7,809.1692 contracts (Direct);
Performance Share Units — 56,150.5555 contracts (Direct);
Option (Right to Buy) — 22,000 contracts (Direct);
Common Shares — 43,626.7121 shares (Direct)
Footnotes (11)
- F1. These options are fully vested and exercisable.
- F2. Each restricted share unit represents a contingent right to receive one common share.
- F3. 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.
- F4. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- F5. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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 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.
- F10. These restricted share units vest in equal annual installments. The vestings will occur on December 15, 2026, December 15, 2027, December 15, 2028 and December 15, 2029.
- F11. The shares reported represent an award of performance based restricted share units ("2026 PBRSUs") granted to the Reporting Person. The 2026 PBRSUs will have a performance period beginning February 25, 2026 and ending February 25, 2029 and to the extent earned will vest on March 15, 2029. 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.
Key Figures
Restricted share unit dividend equivalent rights: 4.7275 units
Restricted share unit dividend equivalent rights: 20.5345 units
Restricted share unit dividend equivalent rights: 21.2004 units
+5 more
8 metrics
Restricted share unit dividend equivalent rights
4.7275 units
Reported October 2, 2026; remaining vesting December 15, 2026
Restricted share unit dividend equivalent rights
20.5345 units
Reported October 2, 2026; remaining vestings December 15, 2026 and December 15, 2027
Restricted share unit dividend equivalent rights
21.2004 units
Reported October 2, 2026; remaining vestings December 15, 2026, December 15, 2027 and December 15, 2028
Restricted share unit dividend equivalent rights
25.6290 units
Reported October 2, 2026; vestings December 15, 2026 through December 15, 2029
Performance-based restricted share unit dividend equivalent rights
114.5706 units
Reported October 2, 2026; 2024 PBRSUs
Performance-based restricted share unit dividend equivalent rights
128.2056 units
Reported October 2, 2026; 2025 PBRSUs
Performance-based restricted share unit dividend equivalent rights
275.5857 units
Reported October 2, 2026; 2026 PBRSUs
Direct common shares following reported transactions
43,627 shares
Reported position on October 2, 2026; rounded to the nearest whole share
Key Terms
dividend equivalent rights, performance based restricted share units, performance period, vest in equal annual installments
4 terms
dividend equivalent rights financial
"dividend equivalent rights that accrued on the underlying award of restricted share units"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
performance period financial
"performance period beginning February 23, 2024 and ending February 23, 2027"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
vest in equal annual installments financial
"These restricted share units vest in equal annual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Peter Perdue report for QSR?
He reported restricted share unit entries of 4.7275, 20.5345, 21.2004 and 25.6290 units and performance-based restricted share unit entries of 114.5706, 128.2056 and 275.5857 units, dated October 2, 2026. The entries are described as dividend equivalent rights accrued on underlying awards.
What are the vesting terms for Peter Perdue's QSR awards?
The restricted share units vest in equal annual installments, with remaining or scheduled vesting dates on December 15, 2026, December 15, 2027, December 15, 2028 and December 15, 2029, depending on the award. The three performance periods end February 23, 2027, February 28, 2028 and February 25, 2029; to the extent earned, the related units vest on March 15, 2027, March 15, 2028 and March 15, 2029, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
