Friesner Jacqueline 4

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.