Restaurant Brands (NYSE: QSR) officer reports RSU vesting and tax sales
Rhea-AI Filing Summary
Restaurant Brands International Inc. Chief People & Services Officer Jeffrey Housman reported several equity transactions dated 12/15/2025. He acquired common shares at $0 upon the vesting and settlement of restricted share units in three lots of 2,557.6273, 2,637.3471 and 1,872.1565 shares, then sold 2,780.9161 and 3,053.7072 common shares at $70.8733 per share to cover withholding tax and tax equalization obligations.
After these trades, Housman directly beneficially owned 146,161.594 common shares. He also continues to hold stock options with exercise prices of $55.55, $58.44 and $66.31, as well as time-based restricted share units and performance-based restricted share units and performance share units with performance periods running through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 2,557.627 | $0.00 | -- |
| Exercise | Restricted Share Units | 2,637.347 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,872.157 | $0.00 | -- |
| Exercise | Common Shares | 2,557.627 | $0.00 | -- |
| Exercise | Common Shares | 2,637.347 | $0.00 | -- |
| Exercise | Common Shares | 1,872.157 | $0.00 | -- |
| Sale | Common Shares | 2,780.916 | $70.8733 | $197K |
| Sale | Common Shares | 3,053.707 | $70.8733 | $216K |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| 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 | -- | -- | -- |
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. 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. 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 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.
FAQ
What insider transactions did QSR executive Jeffrey Housman report on December 15, 2025?
On 12/15/2025, Jeffrey Housman reported acquiring common shares at $0 upon vesting of restricted share units in amounts of 2,557.6273, 2,637.3471 and 1,872.1565 shares. He also sold 2,780.9161 and 3,053.7072 common shares at $70.8733 per share to cover tax-related obligations.
What types of equity awards linked to QSR stock does the executive still hold?
Housman holds stock options with exercise prices of $55.55, $58.44 and $66.31, along with restricted share units, performance-based restricted share units (PBRSUs), and performance share units tied to Restaurant Brands International common shares.
When do key performance-based RSU awards for the QSR executive vest?
The 2023 PBRSUs covering 24,250.9072 common shares have a performance period from January 1, 2023 to December 31, 2025 and, if earned, will vest on February 22, 2026. The 2024 PBRSUs for 28,169.9248 shares have a performance period from February 23, 2024 to February 23, 2027 and, if earned, will vest on March 15, 2027. The 2025 PBRSUs for 33,887.8822 shares have a performance period from February 28, 2025 to February 28, 2028 and, if earned, will vest on March 15, 2028.