Restaurant Brands International (QSR) Form 4 Filings

Restaurant Brands International Inc. (QSR) officer Jill Granat, EVP, General Counsel and Secretary, reported seven direct award acquisitions on October 2, 2026, involving restricted share units and performance-based restricted share units. The reported amounts include dividend equivalent rights tied to underlying awards; performance-based amounts may increase or decrease based on performance results. After the transactions, she held 479,845 common shares directly, plus 52,965 exchangeable units and 25,000 fully vested options exercisable at $66.31 and expiring February 20, 2030.

Restaurant Brands International Inc. (QSR) CEO Joshua Kobza reported direct acquisitions associated with restricted share units and performance share units on October 2, 2026. The reported restricted-unit quantities were 68, 156, 144 and 290 units, and the performance-unit quantities were 3,145, 1,213, 1,508 and 1,585 units. The applicable footnotes identify these amounts as dividend equivalent rights accrued on underlying awards; performance awards are subject to performance results. Kobza's reported direct holdings were 960,769 common shares and 5,413 exchangeable units.

Restaurant Brands International Inc. officer Axel Schwan, President, Tim Hortons US & Canada, reported seven direct awards on October 2, 2026: 539 2024, 603 2025 and 841 2026 performance-based restricted share units, plus dividend-equivalent rights tied to restricted share units of 41, 68, 89 and 107 units. The performance-based units vest on March 15, 2027, 2028 and 2029, respectively, only to the extent earned; the number of common shares earned can increase or decrease based on performance.

Restaurant Brands International Inc. (QSR) Executive Chairman J. Patrick Doyle acquired 2,113.9926 restricted share units and 7,927.4722 performance share units on October 2, 2026. The amounts represent dividend equivalent rights on underlying awards; following the reported acquisitions, his balances were 228,994.1805 restricted share units and 858,728.1770 performance share units, respectively. The performance units may be earned from 50% for threshold performance to 200% for maximum performance, based on targets tied to common-share price appreciation. Doyle also reported a directly held option covering 2,000,000 common shares at a $66.74 exercise price, expiring November 20, 2032. Reported common-share holdings included 193,855 shares held directly and 500,000 held by Lodgepole 231 LLC. Doyle is the LLC’s member and Investment Manager with sole voting and dispositive power over its assets, and disclaims beneficial ownership except to the extent of his pecuniary interest.

Restaurant Brands International Inc. (QSR) reports that Jacqueline Friesner, SVP, Controller and Principal Accounting Officer, acquired restricted share unit and performance share unit interests on October 2, 2026. The entries include four restricted share unit amounts of 18, 34, 33 and 48 shares and three performance share unit amounts of 166, 166 and 179 shares. Related footnotes describe dividend equivalent rights tied to underlying awards; performance-based units are subject to adjustment based on performance results.

Direct holdings reported as of October 2, 2026 included 165,727 common shares and 9,098 exchangeable units. The exchangeable units may convert into common shares or a cash amount at the general partner’s discretion and have no expiration date.

Restaurant Brands International Inc. Chief Financial Officer Sami A. Siddiqui reported eight compensation-related acquisitions on October 2, 2026: dividend equivalent rights tied to restricted and performance-based restricted share units. The rights accrue when dividends are paid on the underlying common shares and vest under the associated awards’ terms. As of October 2, 2026, Siddiqui directly held 12,139 common shares and 20,000 fully vested options exercisable at $66.31, expiring February 20, 2030; a revocable trust for his benefit held 258,855 common shares.

Restaurant Brands International Inc. (QSR) reported that Peter Perdue, President, Popeyes-US & Canada, acquired restricted share unit and performance-based restricted share unit interests on October 2, 2026. The reported restricted share unit amounts were 4.7275, 20.5345, 21.2004 and 25.6290 units; performance-based unit amounts were 114.5706, 128.2056 and 275.5857 units. The entries are described as dividend equivalent rights accrued on underlying awards, and the eventual common-share amounts for performance-based awards are subject to increase or decrease based on performance results.

Perdue's reported direct common-share position was 43,627 shares. He also held fully vested and exercisable options covering 10,000 common shares at $64.75, expiring February 21, 2029, and 12,000 common shares at $66.31, expiring February 20, 2030.

Restaurant Brands International Inc. reported seven direct acquisitions by Thiago T. Santelmo, President, International, on October 2, 2026: dividend equivalent rights of 20.7338, 28.7341, 52.6078 and 151.0246 units tied to restricted share units, plus 290.3382, 392.1786 and 454.7236 tied to performance-based restricted share units. The underlying restricted units vest in annual installments through December 15, 2029; performance awards may vary with results and, if earned, vest March 15, 2027, March 15, 2028 and March 15, 2029.

He also held fully vested, exercisable options covering 10,000 common shares at $58.44 (expiring February 22, 2028), 30,000 at $64.75 (February 21, 2029) and 7,500 at $66.31 (February 20, 2030), plus 205 exchangeable units. Those units are convertible into common shares or cash at the general partner’s discretion, subject in certain circumstances to conflicts committee consent.

Restaurant Brands International Inc. Chief Corporate Officer Duncan Fulton reported seven direct award acquisitions on October 2, 2026. The entries included restricted share unit dividend-equivalent rights of 23.2911, 48.8118, 46.2362 and 65.7142 units, and performance-based restricted share units of 201.5165, 226.2447 and 206.6033 units. For the performance-based awards, the number earned may increase or decrease with performance results; to the extent earned, they vest on March 15, 2027, March 15, 2028 and March 15, 2029, respectively.

Restaurant Brands International Inc. (QSR) reports that Chief People & Services Officer Jeffrey Housman acquired dividend equivalent rights on October 2, 2026, associated with restricted share units (24, 50, 54 and 75 common shares) and performance-based restricted share units (270, 324 and 344 common shares). Related restricted share units vest in annual installments through December 15, 2029. The performance periods for the three performance-based awards end February 23, 2027, February 28, 2028 and February 25, 2029; shares earned can increase or decrease based on performance.

Direct common-share holdings were 162,077 as of October 2, 2026. The holdings also list 431 exchangeable units underlying common shares and fully vested, exercisable options for 30,000 common shares at $58.44, expiring February 23, 2028, and 20,000 common shares at $66.31, expiring February 21, 2030.

Restaurant Brands International Inc. (QSR) officer Axel Schwan, Pres., Tim Hortons US & Canada, reported on September 4, 2026 exercising options to acquire 70,000 common shares at exercise prices of $58.44 and $64.75 per share, and selling 57,574 common shares at a weighted average price of $81.1428 per share. The filing also lists remaining equity awards, including options on 56,000 shares at an exercise price of $66.31 and multiple restricted and performance share unit awards tied to future vesting and performance conditions.

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.

Restaurant Brands International Inc. large shareholder 3G Restaurant Brands Holdings LP reported transactions involving RBI Limited Partnership exchangeable units linked to common shares. On August 10, 2026, 3G RBH submitted an exchange notice for 2,784,549 exchangeable units, which RBI LP, at RBI’s election as general partner, will repurchase for cash, with the exchange to be settled as of the close of business on August 31, 2026. On the same date, 3G RBH also transferred an additional 2,000,183 exchangeable units for no consideration, as part of the broader transfer of 4,784,732 exchangeable units. The exchangeable units are convertible into RBI common shares or a cash amount determined by a 20-trading-day weighted average price, and this conversion right has no expiration date.

Fulton Duncan reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Inc. executive Fulton Duncan, Chief Corporate Officer, reported updated equity holdings and several compensation-related equity awards. On July 7, 2026, he received grants of performance share units and restricted share units that each represent rights to receive common shares in the future, subject to vesting schedules and performance conditions. He also continues to hold common shares and fully vested stock options; the filing reports no open-market purchases or sales.

Restaurant Brands International Inc. executive Thomas Benjamin Curtis, President of Burger King US & Canada, reported equity compensation awards on common-share-based units. On July 7, 2026, he received several grants of performance share units and restricted share units, each at a $0.0000 exercise price and settling in common shares, while retaining 102,216.2029 common shares directly owned.

Housman Jeffrey reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Inc. reports that officer Jeffrey Housman received multiple equity compensation grants on July 7, 2026, including awards of performance share units and restricted share units tied to future performance and service-based vesting dates through March 2029.

Following these awards, he holds 162,076.9254 common shares directly, options over 20,000 and 30,000 common shares, and 431 exchangeable units, plus sizable outstanding performance and restricted share unit balances.

Restaurant Brands International Inc. Executive Chairman J. Patrick Doyle reported new equity awards and updated holdings. He received 7,483.3621 Performance Share Units and 1,995.5632 Restricted Share Units, each at a price of $0.0000 per unit as compensation. The RSUs vest in equal annual installments with remaining vestings on November 21, 2026 and November 21, 2027. The PBRSUs have a performance period from November 21, 2022 to May 21, 2028 and may be earned from 50% to 200% based on share price appreciation targets. Doyle now holds 500,000 common shares indirectly through Lodgepole 231 LLC, 193,855.0238 common shares directly, and an option for 2,000,000 shares at an exercise price of $66.74 expiring November 20, 2032, along with other RSU and PSU balances.

Restaurant Brands International Inc. reported that Chief Executive Officer Joshua Kobza received multiple grants of performance share units (PSUs) and restricted share units (RSUs) on July 7, 2026. Each unit represents a contingent right to receive one common share, generally at a $0.0000 exercise or conversion price, with vesting tied to multi‑year performance periods and annual vesting schedules through March 15, 2029 and various December 15 dates. Following these awards, Kobza holds 960,769.242 common shares directly and 5,413 exchangeable units that are convertible into common shares or cash, at the election of the partnership’s general partner subject to specified governance conditions.

Schwan Axel reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Inc. executive Axel Schwan reported new equity awards and his current holdings. On July 7, 2026, he received grants of performance share units and restricted share units tied to Restaurant Brands’ common shares, with vesting schedules and, for certain performance-based awards, multi‑year performance periods ending in 2027, 2028, and 2029. After these awards, he holds common shares directly as well as fully vested stock options and multiple tranches of PSUs and RSUs scheduled to vest on future dates.

Restaurant Brands International Inc. executive Peter Perdue, President Popeyes-US & Canada, reported updated equity holdings, including new grants of performance share units and restricted share units that may convert into common shares if vesting and performance conditions are met. He also reports existing common shares and fully vested stock options that remain outstanding.

Restaurant Brands International Inc. officer Jacqueline Friesner reported equity compensation awards and updated holdings. On July 7, 2026, she received several grants of Performance Share Units and Restricted Share Units, each representing contingent rights to receive common shares, generally at no exercise price. After these grants, she directly holds 165,726.5450 common shares and 9,098 exchangeable units, each exchangeable into common shares or a cash amount based on the company’s share price with no expiration. She also holds multiple tranches of performance-based and time-vesting units that vest on future dates, with some performance awards running through February 2027, 2028, and 2029 and vesting in March of those years.

Restaurant Brands International Inc. officer Jill Granat reported equity-compensation activity dated July 7, 2026. The filing shows multiple A-code grants of performance share units (PSUs) and restricted share units (RSUs), such as 377.2198 PSUs and 124.8509 RSUs tied to common shares, awarded at a conversion price of $0.0000. Footnotes explain that RSUs generally vest in equal annual installments with remaining vesting dates through December 15, 2029, while 2024, 2025, and 2026 performance-based RSUs each have multi‑year performance periods ending between February 2027 and February 2029 and vest on March 15 of the following year, subject to performance results. Following these awards, Granat directly holds 479,845.4063 common shares, fully vested options on 25,000 common shares at an exercise price of $66.3100 expiring February 20, 2030, and 52,965 exchangeable units that are convertible into common shares or cash at the partnership’s discretion with no expiration date, plus various PSU and RSU awards that settle in common shares.

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.

Restaurant Brands International Inc. reports that Thiago T. Santelmo, President, International, received multiple equity compensation grants on July 7, 2026, including performance share units and restricted share units, each representing contingent rights to common shares. He now holds 78,667.7310 common shares directly, stock options over 47,500 common shares at exercise prices between $58.4400 and $66.3100, and 205 exchangeable units that are convertible into common shares or cash at the partnership’s discretion.

Restaurant Brands International Inc. director Marcia Marie Smith received a compensatory stock option grant covering 13,747 common shares. The options were awarded on June 4, 2026 with an exercise price of $72.74 per share, reflecting the U.S. dollar equivalent of a CAD $101.09 grant price. These options are exercisable starting June 4, 2031 and expire on June 3, 2036. Following this award, she holds 13,747 options directly, and the filing shows no open-market purchases or sales.

Housman Jeffrey reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Inc. executive Jeffrey Housman reported equity compensation awards rather than market trades. On April 2, 2026, he received several grants of restricted share units and performance share units, each representing rights to receive common shares in the future, some tied to multi‑year performance periods and specific vesting dates. Following these awards, he directly holds common shares, exchangeable units and fully vested stock options in addition to the new units disclosed.

CURTIS THOMAS BENJAMIN reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Inc. executive Thomas Benjamin Curtis, President of Burger King US & Canada, reported multiple equity awards on April 2, 2026. He received grants of restricted share units and performance share units that each represent the right to receive one common share at vesting.

The filing shows several RSU awards, including 21.7299, 67.3444, 63.1731 and 66.7224 restricted share units, plus performance-based awards of 553.6783, 550.7587 and 503.1312 performance share units. These performance-based units have performance periods running through 2027, 2028 and 2029 with vesting dates in March of those years.

Dividend equivalent rights accrue on both RSU and performance-based awards as dividends are paid and vest on the same schedule as the underlying units. After these transactions, Curtis directly holds 102216.2029 common shares, along with sizable outstanding RSU and performance share unit balances that vest over several future years.

Restaurant Brands International executive Axel Schwan, President of Tim Hortons US & Canada, reported multiple equity compensation awards rather than market trades. On April 2, 2026, he received several grants of restricted share units and performance share units, each convertible into an equal number of common shares.

Key awards include 492.1585, 550.7587 and 767.2684 performance share units that have performance periods running into 2027, 2028 and 2029 and, if earned, vest in March of those years. Following these awards, he also directly holds 197,481.9293 common shares and fully vested stock options over 40,000, 30,000 and 56,000 shares at exercise prices between $58.44 and $66.31.

Restaurant Brands International Inc. executive Peter Perdue, President of Popeyes US & Canada, reported multiple equity-based compensation grants on April 2, 2026. He received awards of restricted share units and performance share units, each representing the right to receive an equal number of common shares at no exercise price.

The performance share units have performance periods ending between February 23, 2027 and February 25, 2029, with vesting dates on March 15, 2027, March 15, 2028 and March 15, 2029 to the extent earned. Related restricted share units vest in equal annual installments through dates ranging from December 15, 2026 to December 15, 2029. No open‑market purchases or sales were reported, and Perdue continues to hold 43,626.7121 common shares directly, along with fully vested options over additional common shares.

Friesner Jacqueline reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Inc. reported that officer Jacqueline Friesner received several equity awards as part of her compensation. On April 2, 2026, she was granted multiple blocks of restricted share units and performance share units, each representing a contingent right to receive common shares at no cash cost.

The restricted share units vest in equal annual installments, with remaining vesting dates running through December 15, 2029, while performance share units tied to 2024, 2025 and 2026 performance cycles may be earned and vest between March 15, 2027 and March 15, 2029 based on performance conditions. Following these awards, Friesner directly holds 165,726.545 common shares and 9,098 exchangeable units that are convertible into common shares or cash at the partnership’s election.

Kobza Joshua reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Inc. Chief Executive Officer Joshua Kobza reported equity compensation grants rather than open-market trades. On April 2, 2026 he received multiple awards of restricted share units and performance share units, including 61.9937 and 142.1828 restricted units and performance-based awards such as 2,870.5223 and 1,446.4967 units, each convertible into common shares on a one-for-one basis. These RSUs and performance share units vest in annual installments or based on multi‑year performance periods that run through 2029. Following these awards, he directly holds 960,769.242 common shares and 5,413 exchangeable units that are convertible into an equal number of common shares, along with various unvested RSU and performance share unit positions.

Restaurant Brands International Inc. Chief Corporate Officer Fulton Duncan reported multiple equity awards that increase his potential ownership in the company. On April 2, 2026, he received several grants of Restricted Share Units (RSUs) and Performance Share Units (PSUs), each RSU representing a contingent right to one common share. The RSUs generally vest in equal annual installments, with remaining vesting dates including December 15, 2026, and, for some awards, additional vestings through December 15, 2029. The PSUs (2024, 2025 and 2026 PBRSUs) have multi‑year performance periods ending between February 23, 2027 and February 25, 2029 and, to the extent earned based on performance conditions, will vest on March 15, 2027, March 15, 2028 and March 15, 2029. The filing also shows Duncan holds options over 60,000 common shares at an exercise price of $63.64 expiring in 2028 and 15,000 common shares at $66.31 expiring in 2030, which are fully vested and exercisable, along with 51,216.9168 common shares held directly. All reported acquisitions are compensation-related awards rather than open‑market purchases.

Restaurant Brands International Executive Chairman J. Patrick Doyle received new equity awards in the form of restricted share units and performance share units. The filing reports 1,929.7031 restricted share units and 7,236.3864 performance share units, each representing a contingent right to receive the same number of common shares.

The restricted share units vest in equal annual installments, with remaining vestings scheduled for November 21, 2026 and November 21, 2027, and include dividend equivalent rights that accrue as dividends are paid. The performance-based restricted share units have a performance period from November 21, 2022 to May 21, 2028 and may be earned from 50% to 200% of target based on appreciation in the price of RBI common shares, also with dividend equivalent rights.

The filing also shows a holding of options covering 2,000,000 common shares at an exercise price of $66.7400 per share expiring November 20, 2032, direct common share holdings of 193,855.0238 shares, and 500,000 common shares held indirectly by Lodgepole 231 LLC, where Doyle is the investment manager and disclaims beneficial ownership beyond his pecuniary interest.

Restaurant Brands International Inc. executive Jill Granat reported multiple equity awards in the form of restricted share units (RSUs) and performance share units (PSUs) on April 2, 2026. The RSUs and PSUs each represent a contingent right to receive one common share and generally have no purchase price.

Certain RSUs vest in equal annual installments with remaining vesting dates on December 15 of 2026, 2027, 2028 and 2029 as applicable. The performance-based RSUs have performance periods running from February 2024, February 2025 and February 2026 through February 2027, 2028 and 2029, and, if earned, vest on March 15 of 2027, 2028 and 2029.

After these awards, Granat holds 479,845.4063 common shares directly, 52,965 exchangeable units convertible into common shares with no expiration date, and options over 25,000 common shares at an exercise price of $66.31 expiring on February 20, 2030.

Restaurant Brands International Inc. President, International Thiago T. Santelmo reported multiple equity awards, including new restricted share units and performance share units that provide rights to future common shares. These awards are compensation grants, not open-market purchases or sales.

The filing shows additional restricted share units such as 18.9263, 26.2292, 48.0216 and 137.8589 units, each representing a right to receive one common share, vesting in future annual installments. Performance-based units of 265.0277, 357.9900 and 415.0826 units may vest in 2027, 2028 and 2029 depending on performance conditions.

Santelmo also holds 78,667.731 common shares directly, 205 exchangeable units convertible into common shares, and options over 10,000, 30,000 and 7,500 common shares at exercise prices of $58.44, $64.75 and $66.31, expiring between 2028 and 2030.

Restaurant Brands International Inc. Chief Financial Officer Sami A. Siddiqui reported multiple equity awards, all classified as grants or awards, with no open‑market buys or sells. On April 2, 2026, he acquired new restricted share units and performance share units that each represent a contingent right to receive common shares.

The filing notes several performance-based restricted share unit awards, including 2024 PBRSUs, 2025-1 PBRSUs, 2025-2 PBRSUs and 2026 PBRSUs, which will vest between March 15, 2027 and March 15, 2029 to the extent performance conditions are met. Restricted share units generally vest in equal annual installments through dates ranging from December 15, 2026 to December 15, 2029. Siddiqui also holds fully vested options covering 20,000 common shares at an exercise price of $66.31 per share and direct holdings of common shares, alongside 258,855 common shares held indirectly by a revocable trust for his benefit.

Restaurant Brands International Inc. President, International Thiago T. Santelmo reported equity compensation and a bonus-related share purchase. On February 25, 2026 he received 15,928 restricted share units and 47,958 performance share units, each representing rights to receive common shares if vesting and performance conditions are met.

He also acquired 4,601 common shares at $68.81 per share by using 50% of his 2025 net bonus under the company’s 2025 Bonus Swap Program. This amended filing corrects earlier administrative understatements of the common shares purchased and RSUs granted, adding 108 common shares and 375 RSUs to the previously reported amounts.

Restaurant Brands International Inc. officer Jill Granat reported equity compensation and a bonus-related share purchase. On February 25, 2026, she received 13,949 restricted share units and 42,145 performance share units, each tied to an equivalent number of common shares, under the company’s 2023 Omnibus Incentive Plan.

She also acquired 3,719 common shares at $68.81 per share by using 50% of her 2025 net bonus through the 2025 Bonus Swap Program, with this amended filing correcting the share amount by 1,000 shares. After these transactions, she held 479,845.4063 common shares directly, alongside exchangeable units and vested options that can convert into additional common shares.

Restaurant Brands International executive Jeffrey Housman exercised options to acquire 20,000 common shares at an exercise price of $55.55 per share, then sold 20,000 shares in an open-market transaction at a weighted average price of $73.4808 per share, with sale prices ranging from $73.38 to $73.585.

After these transactions, he directly holds 162,076.9254 common shares. This sale represents roughly a low-teens percentage of his post-transaction common share holdings and follows the exercise of fully vested options. He also continues to hold exchangeable units, stock options, and multiple restricted and performance share unit awards that may convert into common shares over future vesting and performance periods.

Restaurant Brands International Inc. officer Jacqueline Friesner reported an open-market sale of 30,000 Common Shares of the company on March 16, 2026 at a weighted average price of $74.6105 per share, with individual sale prices ranging from $74.565 to $74.68 per share.

Following the sale, she directly holds 165,726.545 Common Shares. She also has equity-based awards that can convert into additional common shares, including Exchangeable Units, Restricted Share Units and Performance Share Units with performance and vesting periods extending to March 15, 2029.

Restaurant Brands International Inc. Chief Executive Officer Joshua Kobza exercised options for 200,000 common shares at an exercise price of $56.92 per share and on the same day sold 200,000 common shares in open-market transactions at a weighted average price of $75.0495 per share, with sale prices ranging from $74.58 to $75.41 per share.

Following these transactions, Kobza directly holds 960,769.242 common shares, along with exchangeable units and multiple grants of restricted share units and performance share units that are each convertible into common shares, subject to various vesting schedules and performance conditions extending through 2029.

Restaurant Brands International Inc. officer Jill Granat exercised stock options and sold shares in paired transactions. On March 16, 2026 and March 18, 2026, she exercised options for 25,000 common shares each day at an exercise price of $56.9200 per share and sold the 25,000 shares acquired on each date in open-market transactions at weighted average prices of $74.7565 and $75.0851, respectively, for total sales of 50,000 shares.

Following these transactions, Granat directly holds 478,845.4063 common shares. She also retains equity-based awards, including 52,965 exchangeable units and various restricted share units and performance share units that each represent rights to receive common shares, with future vesting and performance conditions described in the awards’ terms.

Restaurant Brands International Inc. President, International Thiago T. Santelmo exercised options for 10,000 common shares at an exercise price of $55.5500 per share, then sold 10,000 common shares in an open-market transaction at a weighted average price of $75.4147 per share.

Following these transactions, he holds 78,559.731 common shares directly, along with various equity awards, including options over 47,500 common shares and multiple restricted and performance share unit grants that may settle in additional common shares if vesting and performance conditions are met.

Restaurant Brands International Chief Financial Officer Sami A. Siddiqui exercised employee stock options and sold the resulting shares. On March 16–17, he exercised options for a total of 80,000 common shares at an exercise price of $55.55 per share and then sold 80,000 shares in open-market transactions at weighted average prices of $74.5095 and $75.2825 per share. Following these trades, he holds 12,139.257 common shares directly and 258,855 common shares indirectly through a revocable trust for which he is settlor and trustee. He also retains equity awards including options on 20,000 shares at an exercise price of $66.31 and multiple restricted and performance share unit grants that may convert into common shares over vesting and performance periods extending through 2029–2030.

Restaurant Brands International executive Peter Perdue, President of Popeyes-US & Canada, reported multiple equity awards and a bonus-related share purchase. He acquired 721 common shares at $68.81 per share by electing to use 50% of his 2025 net bonus under the 2025 Bonus Swap Program.

Perdue also received 2,703 restricted share units and 29,065 performance share units, all held directly. Various restricted share units vest in equal annual installments on dates including December 15, 2026 through December 15, 2029, while performance-based units have performance periods ending between February 23, 2027 and February 25, 2029 and, if earned, vest in March of those years.

Siddiqui Sami A. reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International Chief Financial Officer Sami A. Siddiqui reported equity compensation and an investment of part of his 2025 bonus into company stock. He purchased 3,843 common shares at $68.81 per share under the 2025 Bonus Swap Program, using 50% of his 2025 net bonus.

He also received grants of 14,411 restricted share units and 58,131 performance share units, all awarded at no cash cost to him. The filing updates his direct and indirect holdings, including common shares held personally and 235,228 common shares held through a revocable trust for his benefit.

Restaurant Brands International Inc. reported that Chief Corporate Officer Fulton Duncan acquired new equity awards on February 25, 2026. He received 6,932 restricted share units, 21,794 performance share units and purchased 1,540 common shares at $68.78 per share. The common shares were bought directly from the company under its 2025 Bonus Swap Program, using 50% of his 2025 net bonus at a reference price of CAD$94.29 per share. Matching 2026 restricted share units were granted based on his bonus, an RSU multiplier of 2.25 for executive vice presidents and above, and the same CAD$94.29 price. The filing notes that related restricted and performance share units vest in equal annual installments, with key vesting dates running through December 15, 2029 and, for certain performance-based units, final vesting on March 15, 2029 if performance conditions are met.

Restaurant Brands International Inc. executive Jacqueline Friesner reported equity compensation and a bonus-share election. On February 25, 2026, she received 5,089 restricted share units and 18,892 performance share units at a price of $0 per unit, subject to time-based and performance-based vesting schedules.

She also elected under the company’s 2025 Bonus Swap Program to use 50% of her 2025 net bonus to acquire 1,526 common shares at a purchase price of $68.81 per share, calculated from the prior trading day’s last sale price. Various RSU and performance-based RSU awards will vest in annual installments through 2029, with performance awards earned based on multi‑year performance periods.

Schwan Axel reported acquisition or exercise transactions in this Form 4 filing.

Restaurant Brands International reported that Axel Schwan, President of Tim Hortons Americas, increased his equity stake through a mix of share purchases and awards linked to his 2025 bonus. Schwan used 50% of his 2025 net bonus to purchase 2,498 common shares at $68.81 per share under the company’s 2025 Bonus Swap Program, part of its 2023 Omnibus Incentive Plan. In connection with this election, he received a matching grant of 11,242 restricted share units (2026 RSUs), which vest in equal annual installments on December 15 of 2026, 2027, 2028 and 2029. He was also granted 88,649 performance-based restricted share units (2026 PBRSUs), with a performance period from February 25, 2026 to February 25, 2029; any shares earned will vest on March 15, 2029 and the final number depends on performance against stated conditions.