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Restaurant Brands International Inc.·4

Apr 6, 7:47 PM ET

PERDUE PETER 4

4 · Restaurant Brands International Inc. · Filed Apr 6, 2026

Research Summary

AI-generated summary of this filing

Updated

Restaurant Brands (QSR) Peter Perdue Receives ~539 Share Awards (RSUs/Options)

What Happened

  • Peter Perdue, President, Popeyes — U.S. & Canada, was granted a series of equity awards on April 2, 2026. The filing shows seven award line items totaling 538.979 shares (sum of 4.315; 18.744; 104.583; 19.352; 117.029; 23.395; 251.561) acquired at $0.00 (i.e., equity awards/derivatives rather than an open‑market purchase or sale). These awards include restricted share units (RSUs), performance‑based restricted share units (PBRSUs), dividend equivalent rights and, per footnote, certain options that are fully vested and exercisable.

Key Details

  • Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (timely filing).
  • Total awards reported: 538.979 derivative units; acquisition price reported as $0.00.
  • Award types / notable footnotes:
    • Time‑based RSUs that vest in equal annual installments (various remaining vesting dates include Dec 15 of 2026–2029 per footnotes F4, F5, F8, F10).
    • Performance‑based RSUs with performance periods (2024 PBRSUs vesting Mar 15, 2027; 2025 PBRSUs vesting Mar 15, 2028; 2026 PBRSUs vesting Mar 15, 2029) — final payout depends on performance (F6, F9, F11).
    • Dividend equivalent rights that accrue and vest with the related RSUs/PBRSUs (F3, F7).
    • Some awards/options are noted as fully vested and exercisable (F1).
  • Shares owned after the transaction: not specified in the provided data.
  • Transaction code: A = Award/Grant (derivative awards). No open‑market buy/sell or option exercise for cashless sale was reported.

Context

  • These are company grants of compensation‑related equity (time‑based and performance‑based RSUs, plus dividend equivalents and related options), not purchases or sales. Such awards are common as executive compensation and do not by themselves indicate an immediate buy or sell signal.
  • Performance RSUs (PBRSUs) may convert to shares only if performance targets are met at the end of the stated performance periods; vesting schedules and dividend equivalents determine when and how many shares may ultimately be delivered.

Insider Transaction Report

Form 4
Period: 2026-04-02
Restaurant Brands International Inc.QSR
PERDUE PETER
President, Popeyes-US & Canada
Transactions
  • Award

    Restricted Share Units

    [F2][F3][F4]
    2026-04-02+4.315→ 502.905 total
    → Common Shares (4.315 underlying)
  • Award

    Restricted Share Units

    [F2][F3][F5]
    2026-04-02+18.744→ 2,184.442 total
    → Common Shares (18.744 underlying)
  • Award

    Performance Share Units

    [F6][F7]
    2026-04-02+104.583→ 12,187.913 total
    From: 2027-03-15Exp: 2027-03-15→ Common Shares (104.583 underlying)
  • Award

    Restricted Share Units

    [F2][F3][F8]
    2026-04-02+19.352→ 2,255.283 total
    → Common Shares (19.352 underlying)
  • Award

    Performance Share Units

    [F9][F7]
    2026-04-02+117.029→ 13,638.397 total
    From: 2028-03-15Exp: 2028-03-15→ Common Shares (117.029 underlying)
  • Award

    Restricted Share Units

    [F2][F3][F10]
    2026-04-02+23.395→ 2,726.395 total
    → Common Shares (23.395 underlying)
  • Award

    Performance Share Units

    [F11][F7]
    2026-04-02+251.561→ 29,316.561 total
    From: 2029-03-15Exp: 2029-03-15→ Common Shares (251.561 underlying)
Holdings

  • Common Shares

    43,626.712

  • Option (Right to Buy)

    [F1]
    Exercise: $64.75Exp: 2029-02-21→ Common Shares (10,000 underlying)
    10,000

  • Option (Right to Buy)

    [F1]
    Exercise: $66.31Exp: 2030-02-20→ Common Shares (12,000 underlying)
    12,000
Footnotes (11)
  • [F1]These options are fully vested and exercisable.
  • [F10]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.
  • [F11]The shares reported represent an award of performance based restricted shares 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]Each restricted share unit represents a contingent right to receive one common share.
  • [F3]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.
  • [F4]These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
  • [F5]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
  • [F6]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.
  • [F7]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.
  • [F8]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.
  • [F9]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 on 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.
Signature
/s/ David Wallace, Attorney-in-Fact for Peter Perdue|2026-04-06

Documents

1 file
  • 4
    wk-form4_1775519265.xmlPrimary

    FORM 4