Every Form 4 that Restaurant Brands International Inc. (QSR) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow QSR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QSR filings page.
Restaurant Brands International Inc. (QSR) Form 4 shows insider activity by Jeffrey Housman, the company's Chief People & Services Officer. The filing reports a disposition of 144,929.0864 common shares on 10/07/2025 and multiple equity awards acquired the same day: vested options exercisable at $55.55, $58.44, and $66.31; restricted share units (RSUs) and dividend equivalents; and performance-based restricted share units (PBRSUs/PSUs) with vesting/measurement periods ending between 02/22/2026 and 02/28/2028.
The filing lists post-transaction beneficial ownership counts for the derivative and equity awards (for example, 24,250.9072, 28,169.9248, and 33,887.8822 common-share equivalents tied to performance awards). Several RSU tranches have remaining vesting dates in 2025–2028. The document is signed by an attorney-in-fact on 10/09/2025.
Restaurant Brands International Inc. (QSR) reporting person Jacqueline Friesner, SVP, Controller and Principal Accounting Officer, filed a Form 4 disclosing a disposition of 182,897.091 common shares on 10/07/2025 and a series of equity award transactions the same day. Several restricted share units (RSUs), performance-based restricted share units (PBRSUs/PSUs) and exchangeable units were reported as acquired (A) for reporting purposes because dividend equivalents or award settlements convert into common shares at $0 exercise price.
The filing lists specific future vesting and performance periods: 2023 PBRSUs vest on 02/22/2026, 2024 PSUs vest on 03/15/2027, and 2025 PBRSUs vest on 03/15/2028. Several RSU tranches show remaining vesting dates in 2025–2028. The report was signed by an attorney-in-fact on 10/09/2025.
Thiago T. Santelmo, President, International at Restaurant Brands International Inc. (QSR), reported changes on 10/07/2025. The filing shows a disposition of 59,406.1569 common shares and reports a mix of equity holdings including fully vested options, exchangeable units, restricted share units (RSUs) and multiple performance-based restricted share unit (PSU) awards. Several RSU tranches and dividend equivalent accruals vest through 12/31/2028 and the disclosed PSUs have performance periods ending on 12/31/2025, 02/23/2027, and 02/28/2028 with vesting/settlement dates in 2026, 2027, and 2028.
The report also lists fully exercisable options with strikes of $55.55, $58.44, $64.75, and $66.31 and shows meaningful potential future issuance: reported underlying common-share equivalents from PSUs and RSUs total tens of thousands of shares (for example, 19,400.7258, 30,339.0473, and 40,980.9099). The changes reflect a combination of a sale and the routine recognition of equity awards and dividend equivalents rather than a single corporate event.
Fulton Duncan, Chief Corporate Officer and director of Restaurant Brands International Inc. (QSR), reported multiple equity transactions on 10/07/2025. The filing shows a disposition of 36,215.1586 common shares and a series of award settlements and grants that increase his potential ownership, including vested options exercisable for 60,000 and 15,000 common shares with reported U.S. dollar equivalent exercise prices of $63.64 and $66.31, respectively. The report also documents the settlement/accrual of restricted share units (RSUs) and the grant of multiple performance-based restricted share units (PBRSUs/PSUs) that, if earned, convert to common shares on their stated vesting or performance-determined dates in 2026, 2027, and 2028.
The RSUs include dividend-equivalent accruals and staggered vesting schedules, with specific remaining vesting dates on 12/31/2025 and various 12/15 dates through 12/15/2028. Several performance awards have defined performance periods ending 12/31/2025, 02/23/2027, and 02/28/2028, with settlement dates in 02/22/2026, 03/15/2027, and 03/15/2028.
Curtis Thomas Benjamin, an officer at Restaurant Brands International (QSR), reported transactions dated 10/07/2025. The filing shows a disposal of 73,897.6316 common shares and multiple awards of restricted share units (RSUs) and performance share units (PSUs) that, if settled or earned, represent contingent rights to common shares totaling approximately 203,715 shares. Several RSU tranches include dividend equivalent rights and vest on specified future dates, while the 2023 PBRSUs, 2024 PSUs, and 2025 PBRSUs have performance periods ending on 12/31/2025, 02/23/2027, and 02/28/2028 respectively, with vesting dates in 2026–2028.
The report explains that RSUs convert one-for-one to common shares upon vesting and that PSUs will convert to shares only to the extent performance conditions are met; dividend equivalents accrue and vest with the underlying awards. The transaction was signed by an attorney-in-fact on 10/09/2025.
Insider transaction summary: The Form 4 shows officer Axel Schwan, President of Tim Hortons Americas at Restaurant Brands International Inc. (QSR), reported multiple equity awards and option holdings on 10/07/2025 with the Form signed on 10/09/2025. The filing records a disposal of 157,760.389 common shares and the acquisition/award settlement of a mix of vested options, restricted share units (RSUs) and performance share units (PSUs) that convert into common shares at $0 exercise price when settled.
The filing lists fully vested options exercisable at $58.44, $64.75 and $66.31 covering 40,000, 30,000 and 56,000 underlying shares respectively, plus awards that add incremental share holdings tied to dividend equivalents and multi-year vesting and performance periods ending in 2026, 2027 and 2028
Sami A. Siddiqui, Chief Financial Officer of Restaurant Brands International Inc. (QSR), reported insider activity on 10/07/2025. The filing shows a sale of 12,804.283 common shares, leaving indirect beneficial ownership of 235,228 shares held in a revocable trust. The report also records multiple equity awards and option grants: fully vested options to buy 80,000 and 20,000 common shares at exercise prices of $55.55 and $66.31, respectively, and a series of restricted share units and performance-based restricted share units that, if earned or vested, correspond to additional common shares with vesting or performance periods between 02/22/2026 and 05/21/2030.
The options are noted as fully vested and exercisable. Several awards include dividend equivalent rights and are subject to vesting schedules and performance conditions that may increase or decrease the final share amounts. The filer signed via attorney-in-fact on 10/09/2025.
Restaurant Brands International (QSR) Chief Executive Officer Joshua Kobza reported a large non-derivative disposition of 966,501.5173 common shares on 10/07/2025, leaving the indicated post-transaction holdings shown in the filing. The Form 4 also records multiple equity awards and exercises: options exercisable at $56.92 (200,000 shares), exchangeable units (5,413 shares), and several grants of restricted share units and performance-based share units that were acquired or recorded as dividend equivalents on 10/07/2025. Several performance awards vest on 03/15/2027, 05/21/2028, and 03/15/2028, and some restricted share units have remaining vesting dates in 2025–2028. The filing is signed by an attorney-in-fact on 10/09/2025.