Earnings Feed
Start Free
Restaurant Brands International Inc.·4

Jul 8, 8:00 PM ET

CURTIS THOMAS BENJAMIN 4

Research Summary

AI-generated summary

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.