Restaurant Brands (NYSE: QSR) CFO awarded new PSUs, RSUs and holds vested options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Siddiqui Sami A. reported acquisition or exercise transactions in this Form 4 filing.
Restaurant Brands International Inc. Chief Financial Officer Sami A. Siddiqui reported equity compensation grants, including several awards of performance share units and restricted share units that each represent a right to receive one common share. No open-market buys or sells were reported. He also holds common shares indirectly through a revocable trust and directly, plus fully vested options to buy 20,000 common shares at $66.3100 per share expiring in 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Siddiqui Sami A.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 22.016 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 66.852 | $0.00 | -- |
| Grant/Award | Performance Share Units | 445.336 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 69.896 | $0.00 | -- |
| Grant/Award | Performance Share Units | 640.742 | $0.00 | -- |
| Grant/Award | Performance Share Units | 676.137 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 128.986 | $0.00 | -- |
| Grant/Award | Performance Share Units | 520.303 | $0.00 | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,503.086 shares (Direct, null);
Performance Share Units — 50,631.305 shares (Direct, null);
Option (Right to Buy) — 20,000 shares (Direct, null);
Common Shares — 12,139.257 shares (Direct, null);
Common Shares — 258,855 shares (Indirect, By Trust)
Footnotes (1)
- 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. 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 ("2025-1 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. 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 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
Indirect common shares: 258,855.0000 shares
Direct common shares: 12,139.2570 shares
Stock options: 20,000.0000 underlying shares
+4 more
7 metrics
Indirect common shares
258,855.0000 shares
Common Shares held indirectly by revocable trust following transactions
Direct common shares
12,139.2570 shares
Common Shares held directly following transactions
Stock options
20,000.0000 underlying shares
Option (Right to Buy) Common Shares, fully vested, expiring 2030-02-20
Option exercise price
$66.3100 per share
Exercise price of fully vested options to buy 20,000 Common Shares
PSU grant example
520.3029 units
Performance Share Units granted with total 59,154.4340 units following grant
RSU grant example
128.9860 units
Restricted Share Units granted with total 14,664.7150 units following grant
PSU grant example
676.1368 units
Performance Share Units granted with total 76,871.5515 units following grant
Key Terms
revocable trust, performance based restricted share units, dividend equivalent rights, settlor, +1 more
5 terms
revocable trust financial
"These shares are held by a revocable trust, of which the Reporting Person"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
dividend equivalent rights financial
"Represents dividend equivalent rights that accrued on the underlying award of"
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.
settlor financial
"revocable trust, of which the Reporting Person is the settlor and trustee"
vesting in equal annual installments financial
"These restricted share units vest in equal annual installments."
FAQ
What did QSR CFO Sami A. Siddiqui report in this Form 4 filing?
Sami A. Siddiqui reported equity compensation grants, including performance share units and restricted share units tied to Restaurant Brands International Inc. common shares, with no open-market purchases or sales disclosed in this Form 4.
What indirect Restaurant Brands (QSR) holdings does the CFO report?
The CFO reports 258,855.0000 Restaurant Brands common shares held indirectly through a revocable trust, where he is settlor and trustee, indicating personal economic exposure while the shares are legally owned by the trust.
What are dividend equivalent rights mentioned in the Restaurant Brands (QSR) Form 4?
Dividend equivalent rights accrue when dividends are paid on underlying common shares and are tied to restricted or performance share units, vesting, settling, and expiring on the same terms as the related share unit awards.