Restaurant Brands exec awarded new RSUs and PSUs

Housman Jeffrey reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Housman Jeffrey reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Inc. executive Jeffrey Housman reported equity compensation awards rather than market trades. On April 2, 2026, he received several grants of restricted share units and performance share units, each representing rights to receive common shares in the future, some tied to multi‑year performance periods and specific vesting dates. Following these awards, he directly holds common shares, exchangeable units and fully vested stock options in addition to the new units disclosed.

Insider Trade Summary

Grant/Award: 1,042.6726 shares

Grant/Award 11 txns

Insider Housman Jeffrey

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	22.3327	$0.00	$0.00
Grant/Award	Restricted Share Units	46.068	$0.00	$0.00
Grant/Award	Performance Share Units	246.0792	$0.00	$0.00
Grant/Award	Restricted Share Units	49.0449	$0.00	$0.00
Grant/Award	Performance Share Units	296.0286	$0.00	$0.00
Grant/Award	Restricted Share Units	68.6698	$0.00	$0.00
Grant/Award	Performance Share Units	314.4494	$0.00	$0.00
holding	Exchangeable Units	--	--	--
holding	Option (Right to Buy)	--	--	--
holding	Option (Right to Buy)	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Restricted Share Units — 21,689.5913 contracts (Direct); Performance Share Units — 99,821.8678 contracts (Direct); Exchangeable Units — 431 contracts (Direct); Option (Right to Buy) — 50,000 contracts (Direct); Common Shares — 162,076.9254 shares (Direct)

Footnotes (12)

1. F1. 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.
2. F2. These options are fully vested and exercisable.
3. F3. Each restricted share unit represents a contingent right to receive one common share.
4. F4. 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.
5. F5. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
6. F6. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
7. F7. 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.
8. F8. 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.
9. F9. 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.
10. F10. 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.
11. F11. 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.
12. F12. The shares reported represent an award of performance based restricted shares 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

Common shares held: 162,076.9254 shares Exchangeable units: 431.0000 units Stock options tranche 1: 30,000 shares at $58.44 +3 more

6 metrics

Common shares held 162,076.9254 shares Direct common share holdings following reported transactions

Exchangeable units 431.0000 units Units convertible into common shares or cash; no expiration date

Stock options tranche 1 30,000 shares at $58.44 Fully vested options, expiration on 2028-02-23

Stock options tranche 2 20,000 shares at $66.31 Fully vested options, expiration on 2030-02-21

Restricted share units outstanding 8,002.6698 units Direct RSU holdings after latest RSU grant entry

Performance share units outstanding 36,645.4494 units Direct PSU holdings after latest PSU grant entry

Key Terms

restricted share units, performance based restricted share units, dividend equivalent rights, exchangeable unit, +1 more

5 terms

restricted share units financial

"Each restricted share unit represents a contingent right to receive one common share."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

performance based restricted share units financial

"The shares reported represent an award of performance based restricted share units ("2024 PBRSUs") granted to the Reporting Person."

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.

exchangeable unit financial

"Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares..."

Option (Right to Buy) financial

"These options are fully vested and exercisable."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Jeffrey Housman report in this Restaurant Brands (QSR) Form 4?

Jeffrey Housman reported equity compensation awards, not market trades. He received new restricted share units and performance share units that give him rights to future common shares, subject to vesting schedules and, for performance units, achievement of specified performance conditions.

Were any Restaurant Brands (QSR) shares bought or sold in the market in this filing?

No open-market buys or sells are reported. All coded transactions are grants (code A) of restricted share units and performance share units. Additional entries simply update Housman’s existing holdings in common shares, options and exchangeable units without showing new purchases or sales.

What types of equity awards did Jeffrey Housman receive from Restaurant Brands (QSR)?

He received restricted share units, which convert into common shares over time, and performance-based restricted share units, which only vest if multi-year performance goals are met. Footnotes describe performance periods ending in 2027, 2028 and 2029 with vesting on March 15 of each year.

How many Restaurant Brands (QSR) common shares does Housman hold directly after these awards?

After the reported transactions, Housman directly holds 162,076.9254 common shares. This position is separate from his derivative interests, such as options and exchangeable units, which provide additional potential exposure to Restaurant Brands common shares over time.

What stock options for Restaurant Brands (QSR) does Housman have outstanding?

Housman holds fully vested options over 30,000 common shares with a $58.44 exercise price expiring February 23, 2028, and options over 20,000 shares with a $66.31 exercise price expiring February 21, 2030, giving him long-term upside exposure.

What are exchangeable units mentioned in the Restaurant Brands (QSR) Form 4?

The filing shows 431 exchangeable units, each convertible into Restaurant Brands common shares or a cash amount. A footnote explains that conversion terms reference the 20-day volume-weighted average price, and notes the conversion right has no stated expiration date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/06/2026 - 07:48 PM Learn about SEC filing dates

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^*

Housman Jeffrey

(Last) (First) (Middle)

C/O RESTAURANT BRANDS INTERNATIONAL INC.

5707 WATERFORD DISTRICT DRIVE

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

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

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

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

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								162,076.9254	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
Exchangeable Units(1)	(1)							(1)	(1)	Common Shares	431		431	D
Option (Right to Buy)	$58.44							(2)	02/23/2028	Common Shares	30,000		30,000	D
Option (Right to Buy)	$66.31							(2)	02/21/2030	Common Shares	20,000		20,000	D
Restricted Share Units	(3)	04/02/2026		A		22.3327(4)		(5)	(5)	Common Shares	22.3327	$0	2,602.6142	D
Restricted Share Units	(3)	04/02/2026		A		46.068(4)		(6)	(6)	Common Shares	46.068	$0	5,368.6913	D
Performance Share Units	(7)	04/02/2026		A		246.0792(8)		03/15/2027	03/15/2027	Common Shares	246.0792	$0	28,677.6965	D
Restricted Share Units	(3)	04/02/2026		A		49.0449(4)		(9)	(9)	Common Shares	49.0449	$0	5,715.616	D
Performance Share Units	(10)	04/02/2026		A		296.0286(8)		03/15/2028	03/15/2028	Common Shares	296.0286	$0	34,498.7219	D
Restricted Share Units	(3)	04/02/2026		A		68.6698(4)		(11)	(11)	Common Shares	68.6698	$0	8,002.6698	D
Performance Share Units	(12)	04/02/2026		A		314.4494(8)		03/15/2029	03/15/2029	Common Shares	314.4494	$0	36,645.4494	D

Explanation of Responses:

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.

2. These options are fully vested and exercisable.

3. Each restricted share unit represents a contingent right to receive one common share.

4. 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.

5. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.

6. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. The shares reported represent an award of performance based restricted shares 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.

Remarks:

Chief People & Services Officer

	/s/ David Wallace, as Attorney-in-Fact for Jeffrey Housman	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)