Restaurant Brands' Curtis acquires stock awards
The number of shares earned under the performance-based awards can increase or decrease based on performance results.
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Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. (QSR) reported direct award acquisitions by Thomas Benjamin Curtis, Pres., BK US & CA, on October 2, 2026. The restricted-share-unit entries were 23.8051, 73.7759, 69.2062 and 73.0945 units; their notes describe dividend equivalent rights on the underlying awards. The performance-based restricted-share-unit entries were 606.5554, 603.3570 and 551.1809 units, also described as dividend equivalent rights on underlying awards; the number of shares earned is subject to performance results and can increase or decrease. Curtis held 38,216.2029 common shares directly after the reported transactions.
Insider Trade Summary
Grant/Award: 2,000.975 shares
Grant/Award
8 txns
Insider
CURTIS THOMAS BENJAMIN
Role
Pres., BK US & CA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units F1, F2, F3 | 23.8051 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F1, F2, F4 | 73.7759 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F5, F6 | 606.5554 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F1, F2, F7 | 69.2062 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F8, F6 | 603.357 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F1, F2, F9 | 73.0945 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F10, F6 | 551.1809 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 25,984.721 contracts (Direct);
Performance Share Units — 190,767.0443 contracts (Direct);
Common Shares — 38,216.2029 shares (Direct)
Footnotes (10)
- F1. Each restricted share unit represents a contingent right to receive one common share.
- F2. 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.
- 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. 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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
Restricted share units—dividend equivalent rights: 23.8051 units
Restricted share units—dividend equivalent rights: 73.7759 units
Restricted share units—dividend equivalent rights: 69.2062 units
+5 more
8 metrics
Restricted share units—dividend equivalent rights
23.8051 units
Direct award entry dated October 2, 2026
Restricted share units—dividend equivalent rights
73.7759 units
Direct award entry dated October 2, 2026
Restricted share units—dividend equivalent rights
69.2062 units
Direct award entry dated October 2, 2026
Restricted share units—dividend equivalent rights
73.0945 units
Direct award entry dated October 2, 2026
Performance-based restricted share units—dividend equivalent rights
606.5554 units
Direct award entry dated October 2, 2026; 2024 PBRSUs
Performance-based restricted share units—dividend equivalent rights
603.3570 units
Direct award entry dated October 2, 2026; 2025 PBRSUs
Performance-based restricted share units—dividend equivalent rights
551.1809 units
Direct award entry dated October 2, 2026; 2026 PBRSUs
Common shares held directly following transactions
38,216.2029 shares
October 2, 2026
Key Terms
dividend equivalent rights, performance period, performance condition, vest in equal annual installments
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.
performance condition financial
"based on the results of the performance condition"
vest in equal annual installments financial
"restricted share units vest in equal annual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the performance periods for Thomas Benjamin Curtis's QSR performance-based units?
The 2024 PBRSUs' performance period runs from February 23, 2024, to February 23, 2027, and they vest March 15, 2027, to the extent earned. The 2025 PBRSUs' period runs from February 28, 2025, to February 28, 2028, with vesting March 15, 2028; the 2026 PBRSUs' period runs from February 25, 2026, to February 25, 2029, with vesting March 15, 2029. The number earned can increase or decrease based on performance results.
AI-generated analysis. How Rhea-AI works. Not financial advice.
