Restaurant Brands CFO acquires dividend-linked rights
The number of shares earned under performance-based awards may increase or decrease according to performance results.
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Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. Chief Financial Officer Sami A. Siddiqui reported eight compensation-related acquisitions on October 2, 2026: dividend equivalent rights tied to restricted and performance-based restricted share units. The rights accrue when dividends are paid on the underlying common shares and vest under the associated awards’ terms. As of October 2, 2026, Siddiqui directly held 12,139 common shares and 20,000 fully vested options exercisable at $66.31, expiring February 20, 2030; a revocable trust for his benefit held 258,855 common shares.
Insider Trade Summary
Grant/Award: 2,722.8043 shares
Grant/Award
11 txns
Insider
Siddiqui Sami A.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units F3, F4, F5 | 23.3229 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F3, F4, F6 | 70.8192 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F7, F8 | 471.7653 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F3, F4, F9 | 74.0442 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F10, F8 | 678.768 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F11, F8 | 716.263 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F3, F4, F12 | 136.6408 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F13, F8 | 551.1809 | $0.00 | $0.00 |
| holding | Option (Right to Buy) F2 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 33,019.8089 contracts (Direct);
Performance Share Units — 261,922.7347 contracts (Direct);
Option (Right to Buy) — 20,000 contracts (Direct);
Common Shares — 12,139.257 shares (Direct);
Common Shares — 258,855 shares (Indirect, By Trust)
Footnotes (13)
- F1. These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person.
- F2. These options are fully vested and exercisable.
- F3. Each restricted share unit represents a contingent right to receive one common share.
- 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.
- F5. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- F6. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- 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.
- 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.
- 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.
- F10. The shares reported represent an award of performance based restricted share units ("2025-1 PBRSUs") granted to the Reporting Person. The 2025-1 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.
- F11. The shares reported represent an award of performance based restricted share units ("2025-2 PBRSUs") granted to the Reporting Person. The 2025-2 PBRSUs will have a performance period beginning May 15, 2025 and ending May 21, 2028 and to the extent earned will vest on May 21, 2030. 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.
- F12. 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.
- F13. 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
RSU-linked dividend equivalent rights: 23.3229 underlying common shares
RSU-linked dividend equivalent rights: 70.8192 underlying common shares
RSU-linked dividend equivalent rights: 74.0442 underlying common shares
+5 more
8 metrics
RSU-linked dividend equivalent rights
23.3229 underlying common shares
Reported October 2, 2026
RSU-linked dividend equivalent rights
70.8192 underlying common shares
Reported October 2, 2026
RSU-linked dividend equivalent rights
74.0442 underlying common shares
Reported October 2, 2026
RSU-linked dividend equivalent rights
136.6408 underlying common shares
Reported October 2, 2026
Performance-based RSU-linked dividend equivalent rights
471.7653 underlying common shares
Reported October 2, 2026; associated with 2024 PBRSUs
Performance-based RSU-linked dividend equivalent rights
678.7680 underlying common shares
Reported October 2, 2026; associated with 2025-1 PBRSUs
Performance-based RSU-linked dividend equivalent rights
716.2630 underlying common shares
Reported October 2, 2026; associated with 2025-2 PBRSUs
Performance-based RSU-linked dividend equivalent rights
551.1809 underlying common shares
Reported October 2, 2026; associated with 2026 PBRSUs
Key Terms
dividend equivalent rights, restricted share unit, performance period, settlement
4 terms
dividend equivalent rights financial
"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.
performance period financial
"will have a performance period beginning February 23, 2024"
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.
settlement financial
"subject to settlement and expiration upon the same terms"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did QSR CFO Sami A. Siddiqui report?
On October 2, 2026, Sami A. Siddiqui reported eight acquisitions of dividend equivalent rights tied to underlying awards. The amounts were 23.3229, 70.8192, 74.0442 and 136.6408 for restricted share unit-linked rights, and 471.7653, 678.7680, 716.2630 and 551.1809 for performance-based restricted share unit-linked rights.
When do QSR CFO Sami A. Siddiqui’s RSU-linked rights vest?
The restricted share unit-linked dividend equivalent rights vest proportionately with their underlying units. The schedules list remaining vesting on December 15, 2026; December 15, 2026 and December 15, 2027; December 15, 2026, December 15, 2027 and December 15, 2028; and December 15, 2026, December 15, 2027, December 15, 2028 and December 15, 2029.
What performance conditions apply to QSR’s performance-based unit awards?
The performance periods end February 23, 2027, February 28, 2028, May 21, 2028 and February 25, 2029. To the extent earned, the associated awards vest March 15, 2027, March 15, 2028, May 21, 2030 and March 15, 2029, respectively. The number of common shares earned may increase or decrease based on performance results.
AI-generated analysis. How Rhea-AI works. Not financial advice.
