CURTIS THOMAS BENJAMIN 4

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.