Restaurant Brands International: Executive chairman Doyle J Patrick received 10,041.465 shares

What happened

• Doyle J Patrick, executive chairman and director, was granted two derivative awards on Oct 2, 2026: 2,113.993 restricted share units (RSUs) and 7,927.472 performance-based restricted share units (PSUs). Each award is recorded at a price of $0 and a total reported value of $0.

Key details

• Transaction date: Oct 2, 2026; filing date: Oct 6, 2026 (filing appears timely).
• Reported price: $0.00 for both awards.
• Shares owned after the transaction: not stated in the filing.
• Holdings: some shares are held by Lodgepole 231 LLC; the reporting person is a member and disclaims beneficial ownership of securities held by L231LLC except for any pecuniary interest (footnote F1).
• Award mechanics from footnotes:
  • Each restricted share unit represents a contingent right to receive one common share (F2).
  • Dividend equivalent rights accrued on the RSUs and PSUs and vest proportionately with the underlying awards (F3, F6).
  • The RSUs vest in equal annual installments with remaining vestings on Nov 21, 2026 and Nov 21, 2027 (F4).
  • The PSUs have a performance period from Nov 21, 2022 to May 21, 2028 and may be earned at 50% (threshold) to 200% (maximum) based on share-price appreciation targets (F5).

Why it may matter

• These entries report the receipt of restricted share units and performance-based restricted share units (derivative awards), not an open-market purchase or sale.
• This filing does not show why the insider received the awards or why the company acted.