Fulton Duncan 4

Accession 0001908102-25-000004

CIK 0001618756other

View on SEC.gov Company Profile

Filed

Oct 8, 8:00 PM ET

Accepted

Oct 9, 5:08 PM ET

Size

24.6 KB

Accession

0001908102-25-000004

Insider Transaction Report

Form 4

Period: 2025-10-07

Restaurant Brands International Inc.QSR

Fulton Duncan

Chief Corporate Officer

Transactions

Award
Restricted Share Units
2025-10-07+43.423→ 4,868.619 total
→ Common Shares (43.423 underlying)
Award
Restricted Share Units
2025-10-07+57.464→ 6,442.925 total
→ Common Shares (57.464 underlying)
Award
Performance Share Units
2025-10-07+210.901→ 23,646.326 total
From: 2028-03-15Exp: 2028-03-15→ Common Shares (210.901 underlying)
Award
Performance Share Units
2025-10-07+212.708→ 23,849.003 total
From: 2026-02-22Exp: 2026-02-22→ Common Shares (212.708 underlying)
Award
Performance Share Units
2025-10-07+187.85→ 21,061.817 total
From: 2027-03-15Exp: 2027-03-15→ Common Shares (187.85 underlying)
Award
Restricted Share Units
2025-10-07+68.252→ 7,652.471 total
→ Common Shares (68.252 underlying)
Award
Restricted Share Units
2025-10-07+28.487→ 3,194.015 total
→ Common Shares (28.487 underlying)

Holdings

Option (Right to Buy)
Exercise: $66.31Exp: 2030-02-21→ Common Shares (15,000 underlying)
15,000
Option (Right to Buy)
Exercise: $63.64Exp: 2028-08-03→ Common Shares (60,000 underlying)
60,000
Common Shares
36,215.159

Footnotes (13)

[F1]The options were issued with an exercise price of CAD $82.81. The reported exercise price represents the U.S. dollar equivalent.
[F10]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2025, December 15, 2026 and December 15, 2027.
[F11]The shares reported represent an award of performance based share units ("2024 PSUs") granted to the Reporting Person. The 2024 PSUs 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.
[F12]These restricted share units vest in equal annual installments. The vestings will occur on December 15, 2025, December 15, 2026, December 15, 2027 and December 15, 2028.
[F13]The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs have a performance period beginning on February 28, 2025 and ending on 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.
[F2]These options are fully vested and exercisable.
[F3]The options were issued with an exercise price of CAD $88.03. The reported exercise price represents the U.S. dollar equivalent.
[F4]Each restricted share unit represents a contingent right to receive one common share.
[F5]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.
[F6]These restricted share units vest in equal annual installments. The remaining vesting will occur on December 31, 2025.
[F7]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2025 and December 15, 2026.
[F8]The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 2026. 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]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.

Documents

1 file

4
wk-form4_1760044128.xmlPrimary
FORM 4

Issuer

Restaurant Brands International Inc.

CIK 0001618756

→

Entity typeother

Related Parties

filerCIK 0001908102

Filing Metadata

Form type: 4
Filed: Oct 8, 8:00 PM ET
Accepted: Oct 9, 5:08 PM ET
Size: 24.6 KB

View on SEC.gov