Restaurant Brands exec acquires dividend equivalent rights
The performance-based awards are subject to results-based adjustment, while the associated restricted share units vest in annual installments.
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Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. (QSR) reports that Chief People & Services Officer Jeffrey Housman acquired dividend equivalent rights on October 2, 2026, associated with restricted share units (24, 50, 54 and 75 common shares) and performance-based restricted share units (270, 324 and 344 common shares). Related restricted share units vest in annual installments through December 15, 2029. The performance periods for the three performance-based awards end February 23, 2027, February 28, 2028 and February 25, 2029; shares earned can increase or decrease based on performance.
Direct common-share holdings were 162,077 as of October 2, 2026. The holdings also list 431 exchangeable units underlying common shares and fully vested, exercisable options for 30,000 common shares at $58.44, expiring February 23, 2028, and 20,000 common shares at $66.31, expiring February 21, 2030.
Insider Trade Summary
Grant/Award: 1,142.2494 shares
Grant/Award
11 txns
Insider
Housman Jeffrey
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units F3, F4, F5 | 24.4655 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F3, F4, F6 | 50.4675 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F7, F8 | 269.5802 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F3, F4, F9 | 53.7288 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F10, F8 | 324.2998 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F3, F4, F11 | 75.2278 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F12, F8 | 344.4798 | $0.00 | $0.00 |
| holding | Exchangeable Units F1 | -- | -- | -- |
| holding | Option (Right to Buy) F2 | -- | -- | -- |
| holding | Option (Right to Buy) F2 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 22,085.9483 contracts (Direct);
Performance Share Units — 101,646.0189 contracts (Direct);
Exchangeable Units — 431 contracts (Direct);
Option (Right to Buy) — 50,000 contracts (Direct);
Common Shares — 162,076.9254 shares (Direct)
Footnotes (12)
- F1. 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.
- F2. These options are fully vested and exercisable.
- F3. Each restricted share unit represents a contingent right to receive one common share.
- F4. 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.
- F5. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- F6. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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.
- F12. 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
RSU-linked dividend equivalent rights: 24 shares
RSU-linked dividend equivalent rights: 50 shares
RSU-linked dividend equivalent rights: 54 shares
+5 more
8 metrics
RSU-linked dividend equivalent rights
24 shares
Reported October 2, 2026
RSU-linked dividend equivalent rights
50 shares
Reported October 2, 2026
RSU-linked dividend equivalent rights
54 shares
Reported October 2, 2026
RSU-linked dividend equivalent rights
75 shares
Reported October 2, 2026
Performance-based RSU-linked dividend equivalent rights
270 shares
Reported October 2, 2026
Performance-based RSU-linked dividend equivalent rights
324 shares
Reported October 2, 2026
Performance-based RSU-linked dividend equivalent rights
344 shares
Reported October 2, 2026
Direct common-share holdings
162,077 shares
As of October 2, 2026
Key Terms
dividend equivalent rights, restricted share unit, performance based restricted share units, performance period, +1 more
5 terms
dividend equivalent rights financial
"dividend equivalent rights that accrued on the underlying award"
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
"will have a 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.
exchangeable unit financial
"exchangeable unit is convertible"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did QSR officer Jeffrey Housman acquire on October 2, 2026?
He acquired dividend equivalent rights associated with restricted share units representing 24, 50, 54 and 75 common shares, and performance-based restricted share units representing 270, 324 and 344 common shares.
What options does QSR officer Jeffrey Housman hold?
The holdings list fully vested and exercisable options for 30,000 common shares at $58.44, expiring February 23, 2028, and 20,000 common shares at $66.31, expiring February 21, 2030.
AI-generated analysis. How Rhea-AI works. Not financial advice.
