Restaurant Brands (QSR) officer reports RSU and PBRSU holdings
Rhea-AI Filing Summary
Restaurant Brands International Inc. executive Jacqueline Friesner, SVP, Controller and Principal Accounting Officer, reported equity transactions and holdings in this Form 4. On 12/31/2025, restricted share units vested and converted into 2,057.3195 common shares, increasing her directly held position to 187,865.3831 common shares.
She also holds derivative equity awards, including 9,098 exchangeable units of Restaurant Brands International Limited Partnership that are convertible into common shares or cash, as well as multiple time-based restricted share unit grants and performance-based restricted share units. These awards cover future potential common shares that vest over time or based on performance periods running through dates such as February 22, 2026, March 15, 2027, and March 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 2,057.32 | $0.00 | -- |
| Exercise | Common Shares | 2,057.32 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Footnotes (1)
- Represents the vesting of the Reporting Person's restricted share units, which will settle shortly thereafter. Any shares that are withheld or sold to satisfy tax obligations will be reported separately in connection with the settlement. 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 shares 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 Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date. 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 occurred on December 31, 2025. 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. 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 have a performance period beginning February 28, 2025 and ending on 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 does the latest Form 4 for Restaurant Brands International (QSR) report?
The Form 4 reports that executive Jacqueline Friesner had restricted share units vest on 12/31/2025, resulting in 2,057.3195 common shares being acquired and bringing her directly held common shares to 187,865.3831.
Who is the reporting person in this QSR insider transaction filing?
The reporting person is Jacqueline Friesner, who serves as SVP, Controller and Principal Accounting Officer of Restaurant Brands International Inc.
