Restaurant Brands (QSR) CFO reports RSU vesting and stock sales
Rhea-AI Filing Summary
Restaurant Brands International chief financial officer Sami Siddiqui reported equity transactions dated December 15, 2025. Several restricted share unit awards vested, giving him 2,438.2348, 3,700.1428 and 2,579.096 common shares at an exercise price of $0 per share. He then sold 3,163.9568 and 5,548.6719 shares at $70.8733 per share and 2,200 shares at a weighted average price of $70.8779, with individual sale prices between $70.53 and $71.016. The filing states these sales were primarily to cover withholding tax and tax equalization gross-up obligations owed to the company. After the transactions he beneficially owns 10,609.1279 common shares directly and 235,228 shares indirectly through a revocable trust, along with stock options and performance-based restricted share units that can settle in additional common shares if vesting and performance conditions are met.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 2,438.235 | $0.00 | -- |
| Exercise | Restricted Share Units | 3,700.143 | $0.00 | -- |
| Exercise | Restricted Share Units | 2,579.096 | $0.00 | -- |
| Exercise | Common Shares | 2,438.235 | $0.00 | -- |
| Exercise | Common Shares | 3,700.143 | $0.00 | -- |
| Exercise | Common Shares | 2,579.096 | $0.00 | -- |
| Sale | Common Shares | 3,163.957 | $70.8733 | $224K |
| Sale | Common Shares | 5,548.672 | $70.8733 | $393K |
| Sale | Common Shares | 2,200 | $70.8779 | $156K |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- Represents shares sold to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units. Represents shares sold to cover tax equalization gross-ups due to the Company by the Reporting Person. Represents shares sold, the proceeds of which are primarily to be used to satisfy tax equalization gross-ups due to the Company by the Reporting Person. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $70.53 to $71.016 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. 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. 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 will occur 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 ("2025-1 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. 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.
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FAQ
What insider activity did Restaurant Brands International (QSR) disclose for its CFO?
The company reported that CFO Sami Siddiqui had multiple restricted share unit awards vest on December 15, 2025, adding 2,438.2348, 3,700.1428 and 2,579.096 common shares at $0 per share. On the same date he sold 3,163.9568 and 5,548.6719 shares at $70.8733 per share and 2,200 shares at a weighted average price of $70.8779.
What stock options and equity awards does the QSR CFO hold?
Sami Siddiqui holds fully vested options to buy 80,000 common shares at an exercise price of $55.55 per share, expiring on February 23, 2027, and options to buy 20,000 common shares at $66.31 per share, expiring on February 20, 2030. He also holds restricted share units and performance share units representing rights to receive common shares, subject to time-based vesting and performance conditions.