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Restaurant Brands International Inc.·4

Jul 8, 8:00 PM ET

CURTIS THOMAS BENJAMIN 4

4 · Restaurant Brands International Inc. · Filed Jul 9, 2026

Research Summary

AI-generated summary of this filing

Updated

Restaurant Brands (QSR) Pres. Curtis Benjamin Receives Equity Awards

What Happened

  • Curtis Thomas Benjamin, President, BK US & CA of Restaurant Brands International (QSR), received multiple equity awards (reported as derivative grants) on July 7, 2026. The filing shows seven grants totaling 1,888.878 restricted share units (RSUs/PBRSUs) at $0.00 per unit (award grants, not purchases).
  • Individual grants reported: 22.472; 69.643; 572.575; 65.329; 569.556; 69; and 520.303 units. These awards include time-based restricted share units and performance-based restricted share units (PBRSUs) with varying vesting schedules and performance periods.

Key Details

  • Transaction date(s): July 7, 2026. Filing date / Period of Report: filed July 9, 2026 for period July 7, 2026.
  • Price: $0.00 per unit (award/grant; code A — derivative acquisition).
  • Shares owned after transaction: not specified in the information provided in this summary (not reported here).
  • Notable footnotes (summary):
    • F1: Each restricted share unit is a contingent right to receive one common share upon vesting/settlement.
    • PBRSUs (F5, F8, F10): Performance-based RSUs have multi-year performance periods (examples: 2024 PBRSUs: 2/23/24–2/23/27 vesting Mar 15, 2027; 2025 PBRSUs: 2/28/25–2/28/28 vesting Mar 15, 2028; 2026 PBRSUs: 2/25/26–2/25/29 vesting Mar 15, 2029) and payout depends on performance outcomes.
    • Dividend equivalents (F2, F6) accrue on underlying awards and vest/settle on the same terms as the related awards.
    • Time-based RSUs vest in equal annual installments with specified future vest dates (see F3, F4, F7, F9).
  • Filing timeliness: Reported July 9 for July 7 transactions (as filed).

Context

  • These are compensation awards, not open-market buys or sales. Awards are reported at $0 because they are grants; value will depend on the share price at settlement and on whether performance conditions are met for PBRSUs.
  • Vesting schedules and performance conditions mean these units may convert to shares (or be forfeited) in future years; dividend equivalents generally mirror dividends on underlying shares and vest with the awards.
  • For retail investors: awards indicate company compensation actions for an executive but are not an immediate signal of buying or selling in the market.

Insider Transaction Report

Form 4
Period: 2026-07-07
Restaurant Brands International Inc.QSR
CURTIS THOMAS BENJAMIN
Pres., BK US & CA
Transactions
  • Award

    Restricted Share Units

    [F1][F2][F3]
    2026-07-07+22.472→ 2,554.835 total
    → Common Shares (22.472 underlying)
  • Award

    Restricted Share Units

    [F1][F2][F4]
    2026-07-07+69.643→ 7,917.855 total
    → Common Shares (69.643 underlying)
  • Award

    Performance Share Units

    [F5][F6]
    2026-07-07+572.575→ 65,097.392 total
    From: 2027-03-15Exp: 2027-03-15→ Common Shares (572.575 underlying)
  • Award

    Restricted Share Units

    [F1][F2][F7]
    2026-07-07+65.329→ 7,427.428 total
    → Common Shares (65.329 underlying)
  • Award

    Performance Share Units

    [F8][F6]
    2026-07-07+569.556→ 64,754.125 total
    From: 2028-03-15Exp: 2028-03-15→ Common Shares (569.556 underlying)
  • Award

    Restricted Share Units

    [F1][F2][F9]
    2026-07-07+69→ 7,844.722 total
    → Common Shares (69 underlying)
  • Award

    Performance Share Units

    [F10][F6]
    2026-07-07+520.303→ 59,154.434 total
    From: 2029-03-15Exp: 2029-03-15→ Common Shares (520.303 underlying)
Holdings

  • Common Shares

    102,216.203
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 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]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|2026-07-09

Documents

1 file
  • 4
    wk-form4_1783640578.xmlPrimary

    FORM 4