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Restaurant Brands International Inc.·4

Jul 8, 8:00 PM ET

SANTELMO THIAGO T 4

Research Summary

AI-generated summary

Updated

Restaurant Brands (QSR) President Thiago Santelmo Receives Awards

What Happened
Thiago Santelmo, President, International of Restaurant Brands International (QSR), was granted a total of 1,312.451 derivative awards on July 7, 2026. The grants are reported as restricted share units (RSUs) and performance-based restricted share units (PBRSUs) with a reported acquisition price of $0.00 (compensation awards, not open-market purchases or sales).

Key Details

  • Transaction date: July 7, 2026; Form 4 filed July 9, 2026 (timely filing).
  • Total awarded: 1,312.451 units across seven awards (individual amounts: 19.572; 27.124; 274.073; 49.661; 370.208; 142.564; 429.249). Reported price per unit: $0.00.
  • Award types: mix of performance-based RSUs (PBRSUs) and time-based RSUs plus accrued dividend-equivalent rights (derivative awards that convert to common shares if/when vested/earned).
  • Vesting and performance periods (selected footnote details):
    • 2024 PBRSUs: performance period Feb 23, 2024–Feb 23, 2027; vesting (if earned) on Mar 15, 2027.
    • 2025 PBRSUs: performance period Feb 28, 2025–Feb 28, 2028; vesting (if earned) on Mar 15, 2028.
    • 2026 PBRSUs: performance period Feb 25, 2026–Feb 25, 2029; vesting (if earned) on Mar 15, 2029.
    • Several time-based RSUs vest in equal annual installments (remaining vest dates include Dec 15 of 2026–2029, depending on the award).
  • Dividend equivalents accrue and vest proportionately with the related RSUs/PBRSUs.
  • Exchangeable unit note: certain exchangeable units are convertible into common shares (or cash in limited circumstances) at the holder’s election under specified terms.
  • Shares owned after the transaction: not specified in the provided filing excerpt.

Context
These awards are compensation grants (derivative RSUs/PBRSUs) that give a contingent right to receive common shares if vesting/performance conditions are met; they are not purchases or sales and therefore do not directly signal buying or selling intent. For PBRSUs, the final share payout can increase or decrease based on performance results at the end of the performance period. Retail investors typically view purchases as the clearest bullish signal; awards primarily reflect company compensation practices and retention/incentive alignment.