Restaurant Brands (QSR) director reports new RSU grant on Form 4

Rhea-AI Filing Summary

Restaurant Brands International director Jason Melbourne reported receiving restricted share units and disclosing existing stock options. On 12/31/2025, he acquired 2,327 restricted share units that are earned and vested upon grant and will settle after his board service ends. These were reported at a price of $0, reflecting that no cash payment was required.

Following this transaction, Melbourne beneficially owned 10,568 common shares directly. He also reported an outstanding stock option covering 18,860 common shares with a conversion or exercise price of $53.02 and an expiration date of 10/29/2030. The option was originally granted at an exercise price of CAD $70.64, translated at a Bank of Canada exchange rate of 1.3325, and is described as fully vested and exercisable.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Melbourne Jason

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	2,327	$0.00	--
holding	Option (Right to Buy)	--	--	--

Holdings After Transaction: Common Shares — 10,568 shares (Direct); Option (Right to Buy) — 18,860 shares (Direct)

Footnotes (1)

1. Represents restricted share units that are earned and vested upon grant and that settle following termination of board service. The options were granted with an exercise price of CAD $70.64. The reported exercise price represents the U.S. dollar equivalent at the time of grant following conversion using the Bank of Canada daily exchange rate on the grant date of 1.3325. These options are fully vested and exercisable.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Melbourne Jason

(Last) (First) (Middle)

C/O RESTAURANT BRANDS INTERNATIONAL INC.

5707 BLUE LAGOON DRIVE

(Street)

MIAMI FL 33126

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Restaurant Brands International Inc. [ QSR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	12/31/2025		A		2,327(1)	A	$0	10,568	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Buy)	$53.02(2)							(3)	10/29/2030	Common Shares	18,860		18,860	D

Explanation of Responses:

1. Represents restricted share units that are earned and vested upon grant and that settle following termination of board service.

2. The options were granted with an exercise price of CAD $70.64. The reported exercise price represents the U.S. dollar equivalent at the time of grant following conversion using the Bank of Canada daily exchange rate on the grant date of 1.3325.

3. These options are fully vested and exercisable.

Remarks:

	/s/ Jill Granat, Attorney-in-Fact for Jason Melbourne	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Restaurant Brands International (QSR) report for Jason Melbourne?

Director Jason Melbourne reported acquiring 2,327 restricted share units of Restaurant Brands International common shares on 12/31/2025. These units are earned and vested upon grant and will settle after his board service ends.

How many Restaurant Brands International (QSR) shares does Jason Melbourne beneficially own after this Form 4?

After the reported transaction, Jason Melbourne beneficially owned 10,568 common shares of Restaurant Brands International, held in direct ownership.

What are the key terms of Jason Melbourne’s stock options in Restaurant Brands International (QSR)?

Jason Melbourne holds an option covering 18,860 common shares with an exercise price of $53.02 per share and an expiration date of 10/29/2030. The filing states that these options are fully vested and exercisable.

How was the $53.02 exercise price for the Restaurant Brands (QSR) options calculated?

The options were originally granted with an exercise price of CAD $70.64. The reported U.S. dollar exercise price of $53.02 reflects the equivalent amount converted using the Bank of Canada daily exchange rate of 1.3325 on the grant date.

What is the nature of the restricted share units granted to the Restaurant Brands (QSR) director?

The filing explains that the restricted share units are earned and vested upon grant and will settle following termination of board service, meaning the underlying shares are delivered when the director leaves the board.

What role does Jason Melbourne have at Restaurant Brands International (QSR)?

Jason Melbourne is listed as a Director of Restaurant Brands International, and the Form 4 is filed as a Form filed by One Reporting Person.