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Restaurant Brands International Inc.·4

Apr 6, 7:47 PM ET

PERDUE PETER 4

Research Summary

AI-generated summary

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.