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Restaurant Brands International Inc.·4

Apr 6, 7:47 PM ET

Granat Jill 4

Research Summary

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Restaurant Brands (QSR) Jill Granat Receives Equity Awards

What Happened
Jill Granat, EVP, General Counsel and Secretary of Restaurant Brands International (QSR), was granted multiple equity awards on April 2, 2026. The filings show a total of approximately 1,340 derivative units (various restricted share units and performance-based restricted share units) granted at $0 per unit (transaction code A — award/grant). These awards are not open-market purchases or sales; they are compensation grants that convert to common shares if and when they vest or performance conditions are met.

Key Details

  • Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (timely filing).
  • Total granted: ~1,339.82 units (reported as individual grants of 34.322; 67.808; 307.599; 65.947; 378.644; 120.73; and 364.77 units).
  • Price: $0.00 per unit (awards/derivative grants).
  • Award types: mix of time-based restricted share units (RSUs), performance-based RSUs (PBRSUs), and related dividend-equivalent rights (derivative awards that convert to common shares upon vesting/settlement).
  • Vesting/performance notes: some PBRSUs have multi-year performance periods (examples: 2024 PBRSUs ending Feb 23, 2027; 2025 PBRSUs ending Feb 28, 2028; 2026 PBRSUs ending Feb 25, 2029) with vesting dates in March of the year following the performance period; other RSUs vest in equal annual installments on December 15 in upcoming years (remaining vesting through 2026–2029 depending on grant). Dividend equivalents accrue and vest with the underlying awards.
  • Shares owned after the transaction: not specified in the provided excerpt.

Context
These are compensation grants (not purchases or sales). RSUs and PBRSUs are contingent rights to receive shares later — performance-based awards only convert to shares if performance goals are met at the end of the performance period; time-based RSUs convert as they vest. Dividend-equivalent rights, where granted, track cash dividends and vest/settle on the same terms as the related RSUs. Such grants are routine executive compensation and do not by themselves indicate the insider is buying or selling shares in the open market.