Friesner Jacqueline 4
4 · Restaurant Brands International Inc. · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
Restaurant Brands (QSR) SVP Jacqueline Friesner Receives Awards
What Happened
- Jacqueline Friesner, SVP, Controller and Principal Accounting Officer of Restaurant Brands International (QSR), was granted multiple equity awards on July 7, 2026. The filing reports seven derivative acquisitions (awards) totaling 607.907 units (all reported at $0.00), consisting of restricted share units (RSUs), performance-based RSUs (PBRSUs), dividend-equivalent rights, and similar derivative awards. These are awards/compensation grants (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date and price: July 7, 2026; each award reported at $0.00 (grant of derivative securities).
- Total units granted: 607.907 units across seven separate awards.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: awards include time-based RSUs that vest in annual installments (various remaining vesting dates through Dec 15, 2026–2029), multiple PBRSUs with performance periods ending Feb 2027/2028/2029 and vesting on March 15 of the applicable year, dividend-equivalent rights that vest with the underlying RSUs, and exchangeable limited partnership units that are convertible into common shares or cash at certain times/conditions.
- Filing timeliness: Report filed July 9, 2026 for transactions on July 7, 2026 — appears timely.
Context
- These are compensation awards (derivative grants) rather than purchases or sales; PBRSUs are contingent on meeting future performance goals and will only convert to shares if earned and after vesting dates. Dividend equivalents accrue with the underlying awards and are also subject to vesting/settlement terms. Such grants are routine executive compensation and do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
Form 4
Friesner Jacqueline
See Remarks
Transactions
- Award
Restricted Share Units
[F2][F3][F4]2026-07-07+17.257→ 1,961.969 total→ Common Shares (17.257 underlying) - Award
Restricted Share Units
[F2][F3][F5]2026-07-07+31.671→ 3,600.71 total→ Common Shares (31.671 underlying) - Award
Performance Share Units
[F6][F7]2026-07-07+156.991→ 17,848.705 totalFrom: 2027-03-15Exp: 2027-03-15→ Common Shares (156.991 underlying) - Award
Restricted Share Units
[F2][F3][F8]2026-07-07+30.725→ 3,493.149 total→ Common Shares (30.725 underlying) - Award
Performance Share Units
[F9][F7]2026-07-07+156.621→ 17,806.619 totalFrom: 2028-03-15Exp: 2028-03-15→ Common Shares (156.621 underlying) - Award
Restricted Share Units
[F2][F3][F10]2026-07-07+45.549→ 5,178.595 total→ Common Shares (45.549 underlying) - Award
Performance Share Units
[F11][F7]2026-07-07+169.093→ 19,224.606 totalFrom: 2029-03-15Exp: 2029-03-15→ Common Shares (169.093 underlying)
Holdings
- 165,726.545
Common Shares
- 9,098
Exchangeable Units
[F1]→ Common Shares (9,098 underlying)
Footnotes (11)
- [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 shares 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]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.
- [F11]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]Each restricted share unit represents a contingent right to receive one common share.
- [F3]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.
- [F4]These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- [F5]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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 on 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.
Signature
/s/ David Wallace, as Attorney-in-Fact for Jacqueline Friesner|2026-07-09