Restaurant Brands (QSR) officer details share vesting and equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. disclosed an insider equity transaction by its Chief People & Services Officer. On 12/31/2025, 3,376.5515 restricted share units vested and were settled into the same number of common shares, reported as an acquisition at a price of $0. Following this vesting, the officer directly beneficially owned 149,538.1455 common shares.
The filing also lists existing derivative holdings, including fully vested options to buy 20,000 common shares at $55.55, 20,000 at $58.44 and 30,000 at $66.31, as well as multiple tranches of restricted share units and performance share units totaling tens of thousands of underlying common shares with performance and time-based vesting schedules extending through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,376.552 shares exercised/converted
Mixed
12 txns
Insider
Housman Jeffrey
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 3,376.552 | $0.00 | -- |
| Exercise | Common Shares | 3,376.552 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| 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 — 0 shares (Direct);
Common Shares — 149,538.146 shares (Direct);
Exchangeable Units — 431 shares (Direct);
Option (Right to Buy) — 20,000 shares (Direct);
Performance Share Units — 24,250.907 shares (Direct)
Footnotes (1)
- 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. 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. 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 occurred on December 31, 2025. 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 will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 2026. 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 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 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.
FAQ
What insider transaction did Restaurant Brands International (QSR) report in this filing?
The company reported that on 12/31/2025, the Chief People & Services Officer had 3,376.5515 restricted share units vest and settle into the same number of Restaurant Brands International common shares at a price of $0.
What is the relationship of the reporting person to Restaurant Brands International (QSR)?
The reporting person is an officer of Restaurant Brands International Inc., serving as Chief People & Services Officer.
What stock options does the Restaurant Brands International (QSR) officer hold?
The officer holds fully vested options to buy 20,000 Restaurant Brands International common shares at $55.55 expiring on 02/24/2027, 20,000 shares at $58.44 expiring on 02/23/2028, and 30,000 shares at $66.31 expiring on 02/21/2030.
What are Restaurant Brands International Limited Partnership exchangeable units mentioned in the filing?
Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the holder's election, into Restaurant Brands International common shares or a cash amount based on the weighted average trading price on the New York Stock Exchange over 20 consecutive trading days before the exchange date, at the discretion of the partnership's general partner, and this conversion right has no expiration date.