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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.
Restaurant Brands International Inc. executive Jill Granat reported equity awards and a bonus-related share purchase. On February 25, 2026, she acquired 13,949 Restricted Share Units and 42,145 Performance Share Units at a stated price of $0 per unit as grants.
She also acquired 2,719 common shares at $68.81 per share by using 50% of her 2025 net bonus under the company’s 2025 Bonus Swap Program. Following this transaction, her direct common share holdings increased to 478,845.4063 shares, alongside existing exchangeable units, options, restricted share units, and performance share units that remain outstanding.
Restaurant Brands International Inc. reported that Thiago T. Santelmo, President, International, acquired new equity incentives. On February 25, 2026, he received 15,553 restricted share units, 47,958 performance share units, and 4,493 common shares at a purchase price of $68.81 per share.
The common shares were purchased under the company’s 2025 Bonus Swap Program, where he used 50% of his 2025 net bonus to buy shares. Footnotes describe matching 2026 restricted share units and multiple performance-based RSU awards that vest over future years, subject to performance and continued service conditions.
Restaurant Brands International Chief Executive Officer Joshua Kobza reported new equity awards and a bonus-funded share purchase. He acquired 30,561 restricted share units, 167,126 performance share units, and 8,149 common shares at $68.81 per share by using 50% of his 2025 net bonus under the company’s 2025 Bonus Swap Program.
According to the plan, the share purchase price was based on the last sales price on the New York Stock Exchange on February 24, 2026, and the matching restricted share units were sized using a position-based multiplier. Various restricted and performance-based units vest in equal annual installments or at the end of multi‑year performance periods extending into 2028 and 2029, and certain restricted units can be forfeited if the purchased shares are sold. The filing also notes fully vested options and exchangeable units that can be converted into common shares or cash with no expiration date on the conversion right.
CURTIS THOMAS BENJAMIN reported acquisition or exercise transactions in this Form 4 filing.
Restaurant Brands International executive Thomas Benjamin Curtis, President of Burger King US & Canada, reported multiple equity awards on February 25, 2026. He used 50% of his 2025 net bonus to purchase 2,055 common shares at $68.81 per share under the 2025 Bonus Swap Program, and received a matching grant of 2026 restricted share units based on his gross bonus and a position-based multiplier. He was also granted performance-based restricted share units for 2026 that vest in 2029, with the final number of common shares earned depending on performance over a multi‑year period.
Restaurant Brands International Inc. officer Jeffrey Housman reported equity awards tied to the company’s 2025 Bonus Swap Program and long-term incentives. On February 25, 2026, he acquired 7,934 Restricted Share Units, 36,331 Performance Share Units, and 2,115 common shares.
Footnotes state the common shares were purchased from the company using 50% of his 2025 net bonus at a price of $68.81 per share under the 2023 Omnibus Incentive Plan. Matching 2026 RSUs and multiple performance-based RSU awards have vesting schedules and performance periods extending through 2029, with actual shares earned dependent on performance conditions.
Restaurant Brands International Inc. executive Jacqueline Friesner reported several equity compensation transactions. On February 22, 2026, performance share units were exercised, delivering 11,748.5726 common shares at a stated price of $0.00 per share, increasing her direct common share holdings.
On February 23, 2026, she sold 4,616.7584 common shares at an average price of $67.51 per share to cover withholding tax obligations related to the vesting of performance-based restricted share units. After this sale, she directly held 194,200.5450 common shares.
The filing also shows direct holdings of exchangeable units and multiple tranches of restricted share units and performance-based restricted share units. Footnotes state that 2023 performance-based units vested at 80% of target and describe additional PBRSU awards with performance periods through 2028 and scheduled vesting dates in 2026–2028.
Restaurant Brands International Chief Financial Officer Sami A. Siddiqui reported multiple equity transactions. On February 23, 2026, he sold 12,828.0142 common shares at $67.51 per share in an open-market sale, with a footnote stating the shares were sold to cover withholding taxes on vested performance-based restricted share units.
On February 22, 2026, he exercised 40,793.6548 Performance Share Units for 32,634.9238 common shares at a conversion price of $0.00, increasing his direct common share holdings to 31,923.257 after the subsequent sale. Additional equity interests include options that are fully vested and exercisable, multiple blocks of restricted share units and performance-based restricted share units with future vesting and performance periods, and 235,228 common shares held indirectly through a revocable trust for his benefit.
Restaurant Brands International executive Peter Perdue reported equity compensation activity and a related share sale. As President, Popeyes-US & Canada, he sold 3,882.1327 common shares at $67.51 per share on February 23, 2026, and held 42,905.7121 common shares afterward. A footnote states the sale was made to cover withholding tax obligations on the settlement of performance-based restricted share units.
On February 22, 2026, performance share units covering 12,238.0964 common shares were exercised or converted at $0.00, resulting in 9,790.4771 additional common shares and raising his common share holdings to 46,787.8448 before the tax-related sale. Footnotes explain that 2023 performance-based restricted share units vested at 80% of target after a performance period ending December 31, 2025, and describe additional 2024 and 2025 performance-based awards and restricted share units that vest in future years.