Restaurant Brands International (NYSE: QSR) grants Thiago Santelmo new equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. reports that Thiago T. Santelmo, President, International, received multiple equity compensation grants on July 7, 2026, including performance share units and restricted share units, each representing contingent rights to common shares. He now holds 78,667.7310 common shares directly, stock options over 47,500 common shares at exercise prices between $58.4400 and $66.3100, and 205 exchangeable units that are convertible into common shares or cash at the partnership’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
SANTELMO THIAGO T
Role
President, International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 19.572 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 27.124 | $0.00 | -- |
| Grant/Award | Performance Share Units | 274.073 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 49.661 | $0.00 | -- |
| Grant/Award | Performance Share Units | 370.208 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 142.564 | $0.00 | -- |
| Grant/Award | Performance Share Units | 429.249 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,225.215 shares (Direct, null);
Performance Share Units — 31,159.991 shares (Direct, null);
Exchangeable Units — 205 shares (Direct, null);
Option (Right to Buy) — 10,000 shares (Direct, null);
Common Shares — 78,667.731 shares (Direct, null)
Footnotes (1)
- 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 share 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. These options are fully vested and exercisable. Each restricted share unit represents a contingent right to receive one common share. 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. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026. 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. 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. 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 on 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. 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. 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
Direct common shares held: 78,667.7310 shares
Option at $66.3100: 7,500 shares
Option at $64.7500: 30,000 shares
+4 more
7 metrics
Direct common shares held
78,667.7310 shares
Common Shares directly owned following transactions dated July 7, 2026
Option at $66.3100
7,500 shares
Option (Right to Buy) exercisable at $66.3100, expiring February 20, 2030
Option at $64.7500
30,000 shares
Option (Right to Buy) exercisable at $64.7500, expiring February 21, 2029
Option at $58.4400
10,000 shares
Option (Right to Buy) exercisable at $58.4400, expiring February 22, 2028
Exchangeable units
205.0000 units
Exchangeable Units convertible into common shares or cash with no expiration date
New Performance Share Units grant
429.2492 units
Performance Share Units granted with performance period ending March 15, 2029
New Restricted Share Units grant
142.5639 units
Restricted Share Units granted with dividend equivalent rights accruing as dividends are paid
Key Terms
exchangeable unit, performance based restricted share units ("2024 PBRSUs"), dividend equivalent rights, performance period, +1 more
5 terms
exchangeable unit financial
"Each Restaurant Brands International Limited Partnership exchangeable unit is convertible"
dividend equivalent rights financial
"Represents dividend equivalent rights that accrued on the underlying award of restricted share units"
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
"The 2026 PBRSUs will have a performance period beginning February 25, 2026 and ending February 25, 2029"
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.
contingent right financial
"Each restricted share unit represents a contingent right to receive one common share"
FAQ
What did QSR executive Thiago T. Santelmo report in this Form 4?
Thiago T. Santelmo reported grants of performance share units and restricted share units as equity compensation, along with updated holdings of common shares, stock options and exchangeable units as of July 7, 2026.
What stock options does Thiago T. Santelmo hold in Restaurant Brands International (QSR)?
Thiago T. Santelmo holds options to buy 7,500 shares at $66.3100 expiring February 20, 2030, 30,000 shares at $64.7500 expiring February 21, 2029, and 10,000 shares at $58.4400 expiring February 22, 2028.
What are the exchangeable units held by Thiago T. Santelmo in QSR?
He holds 205 exchangeable units of Restaurant Brands International Limited Partnership, each convertible into one QSR common share or an equivalent cash amount, at the partnership’s discretion, with no stated expiration date.