QSR (QSR) CFO logs tax-related share sale and PSU exercises
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Chief Financial Officer Sami A. Siddiqui reported multiple equity transactions. On February 23, 2026, he sold 12,828.0142 common shares at $67.51 per share in an open-market sale, with a footnote stating the shares were sold to cover withholding taxes on vested performance-based restricted share units.
On February 22, 2026, he exercised 40,793.6548 Performance Share Units for 32,634.9238 common shares at a conversion price of $0.00, increasing his direct common share holdings to 31,923.257 after the subsequent sale. Additional equity interests include options that are fully vested and exercisable, multiple blocks of restricted share units and performance-based restricted share units with future vesting and performance periods, and 235,228 common shares held indirectly through a revocable trust for his benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,828.014 shares ($866,019)
Net Sell
12 txns
Insider
Siddiqui Sami A.
Role
Chief Financial Officer
Sold
12,828.014 shs ($866K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 12,828.014 | $67.51 | $866K |
| Exercise | Performance Share Units | 40,793.655 | $0.00 | -- |
| Exercise | Common Shares | 32,634.924 | $0.00 | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 31,923.257 shares (Direct);
Performance Share Units — 0 shares (Direct);
Option (Right to Buy) — 80,000 shares (Direct);
Restricted Share Units — 2,459.78 shares (Direct);
Common Shares — 235,228 shares (Indirect, By Trust)
Footnotes (1)
- The 2023 PBRSUs vested at 80% of target based on the results of the performance condition. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's performance based restricted share units. These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person. These options are fully vested and exercisable. 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 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 had a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned vested on February 22, 2026. The 2023 PBRSUs vested at 80% of target. 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 ("2025-1 PBRSUs") granted to the Reporting Person. The 2025-1 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. The shares reported represent an award of performance based restricted share units ("2025-2 PBRSUs") granted to the Reporting Person. The 2025-2 PBRSUs will have a performance period beginning May 15, 2025 and ending May 21, 2028 and to the extent earned will vest on May 21, 2030. 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 insider transactions did QSR CFO Sami A. Siddiqui report?
QSR’s CFO Sami A. Siddiqui reported an open-market sale of 12,828.0142 common shares at $67.51 per share and exercised 40,793.6548 Performance Share Units into 32,634.9238 common shares, alongside updated holdings in options, restricted share units and performance-based awards.
What equity awards and units does the QSR CFO still hold?
The CFO holds fully vested and exercisable options, multiple tranches of restricted share units and several performance-based restricted share unit awards. These PBRSUs have performance periods running through 2027, 2028 and 2030, with vesting contingent on achieving specified performance conditions over those measurement windows.
How were QSR’s 2023 performance-based RSUs for the CFO settled?
The 2023 performance-based restricted share units for the CFO had a performance period from January 1, 2023 to December 31, 2025 and vested on February 22, 2026 at 80% of target. Settlement involved issuing common shares and triggering related tax-withholding share sales, as disclosed in the footnotes.