[Form 4] Restaurant Brands International Inc. Insider Trading Activity
Rhea-AI Filing Summary
Restaurant Brands International Inc. (QSR) CEO equity activity centers on the vesting of restricted share units and an updated snapshot of his holdings. On December 31, 2025, the reporting person acquired 8,701.2447 common shares through the vesting of restricted share units, increasing his directly held common shares to 955,982.7621 after the reported transaction.
The filing also details multiple derivative awards tied to Restaurant Brands International common shares, including 5,413 exchangeable units, a fully vested stock option covering 200,000 common shares at an exercise price of $56.92 expiring on May 4, 2027, and several time-based restricted share unit and performance-based restricted share unit grants with performance or vesting periods running into 2027 and 2028. These instruments together outline the CEO’s long-term, equity-based compensation structure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,701.2447 shares
Net Buy
10 txns
Insider
Kobza Joshua
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 8,701.2447 | $0.00 | $0.00 |
| Exercise | Common Shares | 8,701.2447 | $0.00 | $0.00 |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 38,421.2638 shares (Direct);
Common Shares — 955,982.7621 shares (Direct);
Exchangeable Units — 5,413 shares (Direct);
Option (Right to Buy) — 200,000 shares (Direct);
Performance Share Units — 612,988.5561 shares (Direct)
Footnotes (11)
- F1. 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.
- F2. 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.
- F3. These options are fully vested and exercisable.
- F4. Each restricted share unit represents a contingent right to receive one common share.
- F5. These restricted share units vest in equal annual installments. The remaining vesting occurred on December 31, 2025.
- F6. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- F7. 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 February 22, 2023 and ending May 21, 2028 and to the extent earned will vest on May 21, 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.
- F8. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- F9. 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.
- F10. 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.
- F11. 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 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 period.
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