CURTIS THOMAS BENJAMIN 4
4 · Restaurant Brands International Inc. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Restaurant Brands (QSR) President Curtis Benjamin Receives Equity Awards
What Happened
- Curtis Thomas Benjamin, President, Burger King U.S. & Canada, received multiple equity awards on April 2, 2026. The filing reports seven derivative awards (restricted share units and related dividend-equivalent awards) totaling 1,826.537 RSU-equivalents, each recorded at $0 (transaction code A — award/grant).
Key Details
- Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (filed 4 days after the transactions).
- Award breakdown (reported amounts): 21.73, 67.344, 553.678, 63.173, 550.759, 66.722 and 503.131 units (total 1,826.537).
- Price: $0.00 per unit (typical for equity grants); transaction code A (award/acquisition, derivative).
- Shares owned after transaction: not disclosed in the provided filing data.
- Notable footnotes: awards include time‑vested RSUs and performance‑based RSUs (PBRSUs with performance periods ending in 2027, 2028 and 2029). Some awards carry dividend equivalent rights that accrue and vest with the underlying RSUs. Vesting schedules vary (remaining vest dates include December 15 of 2026–2029 and performance vesting dates in March 2027–2029).
- Filing timeliness: reported on April 6 for April 2 transactions — appears to have been filed after the typical 2-business‑day Form 4 window.
Context
- These were equity grants (derivative awards), not open‑market purchases or sales — no cash changed hands at grant. PBRSUs are earned only if performance conditions are met; time‑vested RSUs vest over future dates, so these grants do not immediately increase liquid share holdings.
- Dividend equivalent rights accrue like dividends on shares but are paid/settled only if and when the related units vest. Grants are common executive compensation and not direct buy/sell signals.
Insider Transaction Report
Form 4
CURTIS THOMAS BENJAMIN
Pres., BK US & CA
Transactions
- Award
Restricted Share Units
[F1][F2][F3]2026-04-02+21.73→ 2,532.364 total→ Common Shares (21.73 underlying) - Award
Restricted Share Units
[F1][F2][F4]2026-04-02+67.344→ 7,848.212 total→ Common Shares (67.344 underlying) - Award
Performance Share Units
[F5][F6]2026-04-02+553.678→ 64,524.817 totalFrom: 2027-03-15Exp: 2027-03-15→ Common Shares (553.678 underlying) - Award
Restricted Share Units
[F1][F2][F7]2026-04-02+63.173→ 7,362.098 total→ Common Shares (63.173 underlying) - Award
Performance Share Units
[F8][F6]2026-04-02+550.759→ 64,184.569 totalFrom: 2028-03-15Exp: 2028-03-15→ Common Shares (550.759 underlying) - Award
Restricted Share Units
[F1][F2][F9]2026-04-02+66.722→ 7,775.722 total→ Common Shares (66.722 underlying) - Award
Performance Share Units
[F10][F6]2026-04-02+503.131→ 58,634.131 totalFrom: 2029-03-15Exp: 2029-03-15→ Common Shares (503.131 underlying)
Holdings
- 102,216.203
Common Shares
Footnotes (10)
- [F1]Each restricted share unit represents a contingent right to receive one common share.
- [F10]The shares reported represent an award of performance based restricted shares 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]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.
- [F3]These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- [F4]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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.
Signature
/s/ David Wallace, as Attorney-in-Fact for Thomas Benjamin Curtis|2026-04-06