Restaurant Brands (QSR) executive adds equity grants and holds 162K shares
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. 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.
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 | 22.333 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 46.068 | $0.00 | -- |
| Grant/Award | Performance Share Units | 246.079 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 49.045 | $0.00 | -- |
| Grant/Award | Performance Share Units | 296.029 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 68.67 | $0.00 | -- |
| Grant/Award | Performance Share Units | 314.449 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,602.614 shares (Direct);
Performance Share Units — 28,677.697 shares (Direct);
Exchangeable Units — 431 shares (Direct);
Option (Right to Buy) — 30,000 shares (Direct);
Common Shares — 162,076.925 shares (Direct)
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 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
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
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.
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.
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.