Granat Jill 4
4 · Restaurant Brands International Inc. · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
Restaurant Brands (QSR) EVP Jill Granat Receives Awards
What Happened
Jill Granat, EVP, General Counsel and Secretary of Restaurant Brands International (QSR), was granted seven derivative awards on July 7, 2026 totaling 1,385.547 restricted share units (RSUs/PBRSUs). All awards were granted at $0 (no cash paid). These awards are contingent rights to receive common shares subject to time- and/or performance-based vesting and related dividend-equivalent rights.
Key Details
- Transaction date: July 7, 2026; Form 4 filed July 9, 2026 (timely).
- Grants (individual amounts): 35.493; 70.122; 318.097; 68.197; 391.567; 124.851; 377.220 (total 1,385.547 RSUs).
- Price: $0.00 per unit — award/grant transaction code A (derivative award).
- Post-transaction holdings: exact post-grant share ownership not provided in this summary; see the Form 4 for full beneficial ownership details.
- Notable footnotes: awards include performance-based RSUs (2024, 2025, 2026 PBRSUs) with multi-year performance periods (ending Feb 2027/2028/2029) and time-based RSUs that vest in equal annual installments (remaining vesting dates through Dec 15, 2026–2029). Dividend equivalent rights accrue and vest with the underlying RSUs. Each RSU represents a contingent right to one common share.
- Filing timeliness: filed within the normal Form 4 reporting window (no late filing indicated).
Context
These are grants of restricted share units (derivative awards), not open-market purchases or sales. Performance-based awards only convert to shares if the company meets the specified performance goals at the end of the performance period; time-based RSUs vest per scheduled dates. Such awards are routine executive compensation and do not represent an immediate buy/sell signal.
Insider Transaction Report
Form 4
Granat Jill
See Remarks
Transactions
- Award
Restricted Share Units
[F3][F4][F5]2026-07-07+35.493→ 4,035.312 total→ Common Shares (35.493 underlying) - Award
Restricted Share Units
[F3][F4][F6]2026-07-07+70.122→ 7,972.378 total→ Common Shares (70.122 underlying) - Award
Performance Share Units
[F7][F8]2026-07-07+318.097→ 36,165.218 totalFrom: 2027-03-15Exp: 2027-03-15→ Common Shares (318.097 underlying) - Award
Restricted Share Units
[F3][F4][F9]2026-07-07+68.197→ 7,753.525 total→ Common Shares (68.197 underlying) - Award
Performance Share Units
[F10][F8]2026-07-07+391.567→ 44,518.131 totalFrom: 2028-03-15Exp: 2028-03-15→ Common Shares (391.567 underlying) - Award
Restricted Share Units
[F3][F4][F11]2026-07-07+124.851→ 14,194.581 total→ Common Shares (124.851 underlying) - Award
Performance Share Units
[F12][F8]2026-07-07+377.22→ 42,886.99 totalFrom: 2029-03-15Exp: 2029-03-15→ Common Shares (377.22 underlying)
Holdings
- 479,845.406
Common Shares
- 52,965
Exchangeable Units
[F1]→ Common Shares (52,965 underlying) - 25,000
Option (Right to Buy)
[F2]Exercise: $66.31Exp: 2030-02-20→ Common Shares (25,000 underlying)
Footnotes (12)
- [F1]Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common share on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
- [F10]The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs will have a performance period beginning February 28, 2025 and ending February 28, 2028 and to the extent earned will vest on March 15, 2028. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
- [F11]These restricted share units vest in equal annual installments. The vestings will occur on December 15, 2026, December 15, 2027, December 15, 2028 and December 15, 2029.
- [F12]The shares reported represent an award of performance based restricted share units ("2026 PBRSUs") granted to the Reporting Person. The 2026 PBRSUs will have a performance period beginning February 25, 2026 and ending February 25, 2029 and to the extent earned will vest on March 15, 2029. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
- [F2]These options are fully vested and exercisable.
- [F3]Each restricted share unit represents a contingent right to receive one common share.
- [F4]Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.
- [F5]These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- [F6]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- [F7]The shares reported represent an award of performance based restricted share units ("2024 PBRSUs") granted to the Reporting Person. The 2024 PBRSUs will have a performance period beginning February 23, 2024 and ending February 23, 2027 and to the extent earned will vest on March 15, 2027. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
- [F8]Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate.
- [F9]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026, December 15, 2027 and December 15, 2028.
Signature
/s/ David Wallace, as Attorney-in-Fact for Jill Granat|2026-07-09