Restaurant Brands (NYSE: QSR) insider sells at $80.7195, holding 38K shares
Rhea-AI Filing Summary
Restaurant Brands International Inc. (QSR) insider Thomas Benjamin Curtis, Pres., BK US & CA, reported selling 64,000 Common Shares on August 21, 2026 in an open-market or private transaction at a weighted average price of $80.7195 per share, with individual sale prices ranging from $80.47 to $80.83 per share. Following this sale, he directly held 38,216.2029 Common Shares.
In addition to his common shares, Curtis reported multiple equity-based awards tied to QSR common shares, including Restricted Share Units (RSUs), each representing a contingent right to receive one common share, and Performance Share Units (PBRSUs) for performance periods running from 2024–2027, 2025–2028, and 2026–2029, with potential vesting on March 15, 2027, 2028, and 2029, respectively, and several time-vested RSU grants scheduled to vest in annual installments through December 15, 2029.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 64,000 shares
Net Sell
8 txns
Insider
CURTIS THOMAS BENJAMIN
Role
Pres., BK US & CA
Sold
64,000 shs ($5.17M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1 | 64,000 | $80.7195 | $5.17M |
| holding | Restricted Share Units F2, F3 | -- | -- | -- |
| holding | Restricted Share Units F2, F4 | -- | -- | -- |
| holding | Performance Share Units F5 | -- | -- | -- |
| holding | Restricted Share Units F2, F6 | -- | -- | -- |
| holding | Performance Share Units F7 | -- | -- | -- |
| holding | Restricted Share Units F2, F8 | -- | -- | -- |
| holding | Performance Share Units F9 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 38,216.2029 shares (Direct);
Restricted Share Units — 25,744.8394 shares (Direct);
Performance Share Units — 189,005.9509 shares (Direct)
Footnotes (9)
- F1. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $80.47 to $80.83 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.
- F2. Each restricted share unit represents a contingent right to receive one common share.
- F3. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- F4. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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
Common Shares Sold: 64,000 shares
Weighted Average Sale Price: $80.7195 per share
Sale Price Range: $80.47 to $80.83 per share
+5 more
8 metrics
Common Shares Sold
64,000 shares
Common Shares sold by Thomas Benjamin Curtis on August 21, 2026
Weighted Average Sale Price
$80.7195 per share
Weighted average price for the 64,000 Common Shares sold on August 21, 2026
Sale Price Range
$80.47 to $80.83 per share
Range of individual prices for the shares sold on August 21, 2026
Common Shares Held After Transaction
38,216.2029 shares
Direct Common Share holdings of Thomas Benjamin Curtis following the sale
RSU Underlying Shares (Grant 1)
2,554.8352 shares
Underlying Common Shares for one RSU holding reported as of August 21, 2026
RSU Underlying Shares (Grant 2)
7,917.8546 shares
Underlying Common Shares for another RSU holding reported as of August 21, 2026
2024 PBRSUs Underlying Shares
65,097.3923 shares
Underlying Common Shares for 2024 PBRSUs, performance period 2024–2027
2026 PBRSUs Underlying Shares
59,154.4340 shares
Underlying Common Shares for 2026 PBRSUs, performance period 2026–2029
Key Terms
Restricted Share Units, Performance Share Units, weighted average price, performance period, +1 more
5 terms
weighted average price financial
"Represents the weighted average price of the shares sold."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
performance period financial
"will have a performance period beginning February 23, 2024 and ending February 23, 2027"
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.
vest in equal annual installments financial
"These restricted share units vest in equal annual installments."
FAQ
What insider transaction did QSR executive Thomas Benjamin Curtis report on August 21, 2026?
He reported a sale of 64,000 QSR Common Shares on August 21, 2026, classified as a sale in an open-market or private transaction, at a weighted average price of $80.7195 per share, with individual prices ranging from $80.47 to $80.83 per share.
Does the Form 4 for QSR indicate the sale was under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnotes do not state that the August 21, 2026 sale was executed pursuant to a Rule 10b5-1 or pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
