Restaurant Brands (NYSE: QSR) officer awarded new RSUs and PSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Housman Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Restaurant Brands International Inc. reports that officer Jeffrey Housman received multiple equity compensation grants on July 7, 2026, including awards of performance share units and restricted share units tied to future performance and service-based vesting dates through March 2029.
Following these awards, he holds 162,076.9254 common shares directly, options over 20,000 and 30,000 common shares, and 431 exchangeable units, plus sizable outstanding performance and restricted share unit balances.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Housman Jeffrey
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 23.095 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 47.64 | $0.00 | -- |
| Grant/Award | Performance Share Units | 254.478 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 50.719 | $0.00 | -- |
| Grant/Award | Performance Share Units | 306.132 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 71.014 | $0.00 | -- |
| Grant/Award | Performance Share Units | 325.182 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,625.709 shares (Direct, null);
Performance Share Units — 28,932.174 shares (Direct, null);
Exchangeable Units — 431 shares (Direct, null);
Option (Right to Buy) — 30,000 shares (Direct, null);
Common Shares — 162,076.925 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 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. 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 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. 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: 162,076.9254 shares
Option at $66.3100: 20,000 underlying shares
Option at $58.4400: 30,000 underlying shares
+4 more
7 metrics
Direct common shares held
162,076.9254 shares
Common Shares total following the July 7, 2026 entry
Option at $66.3100
20,000 underlying shares
Fully vested option expiring February 21, 2030
Option at $58.4400
30,000 underlying shares
Fully vested option expiring February 23, 2028
Exchangeable units
431.0000 units
Convertible into common shares or cash with no expiration date
PSU grant 1
325.1815 units
Performance share units with performance period to February 23, 2027
PSU grant 2
306.1320 units
Performance share units with performance period to February 28, 2028
PSU grant 3
254.4779 units
Performance share units with performance period to February 25, 2029
Key Terms
exchangeable unit, performance based restricted share units, dividend equivalent rights, conflicts committee, +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"
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.
conflicts committee financial
"subject to the consent of the Restaurant Brands International Inc. conflicts committee"
FAQ
What equity awards did QSR officer Jeffrey Housman receive on July 7, 2026?
Jeffrey Housman received performance share units and restricted share units on July 7, 2026. Individual grants include PSU awards of 325.1815, 306.1320 and 254.4779 units, and RSU awards of 71.0135, 50.7188, 47.6403 and 23.0949 units.
What stock options does the QSR officer hold according to this filing?
The officer holds options over 20,000 common shares at an exercise price of $66.3100 expiring on February 21, 2030, and options over 30,000 common shares at $58.4400 expiring on February 23, 2028. Footnotes state these options are fully vested and exercisable.
How do the Restaurant Brands (QSR) performance-based RSUs for the officer work?
Performance-based RSUs have performance periods running from February 23, 2024–February 23, 2027, February 28, 2025–February 28, 2028 and February 25, 2026–February 25, 2029. To the extent earned, they vest on March 15, 2027, March 15, 2028 and March 15, 2029, respectively.
What are QSR exchangeable units held by the officer and how can they be settled?
The officer holds 431 exchangeable units of Restaurant Brands International Limited Partnership. Each unit can be converted into one common share of Restaurant Brands International Inc. or a cash amount, at the general partner’s discretion, with no stated expiration date.