PERDUE PETER 4
4 · Restaurant Brands International Inc. · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
Restaurant Brands (QSR) Peter Perdue Receives ~557 RSU Award
What Happened
Peter Perdue, President of Popeyes–U.S. & Canada at Restaurant Brands International (QSR), received a package of derivative equity awards on July 7, 2026 totaling 557.375 units (reported as seven awards of 4.463; 19.384; 108.152; 20.013; 121.023; 24.193; and 260.147). All grants are reported as awards (code A) at $0.00 per share — these are restricted share units (RSUs) and performance-based RSUs (PBRSUs), not open-market purchases or sales, so no cash changed hands at grant.
Key Details
- Transaction date: July 7, 2026; Form 4 filed July 9, 2026 (timely filing).
- Grant price: $0.00 per unit (derivative awards). Total units granted: ~557.38.
- Shares owned after transaction: not specified in the filing.
- Notable footnote items:
- Each RSU represents a contingent right to one common share; some awards carry dividend-equivalent rights.
- Some RSUs vest in equal annual installments (remaining vesting through Dec 15 of 2026–2029 depending on award).
- Several PBRSUs have multi-year performance periods (examples: 2024 PBRSUs through Feb 23, 2027; 2025 PBRSUs through Feb 28, 2028; 2026 PBRSUs through Feb 25, 2029) and, if earned, vest on March 15 of the applicable year.
- Filing timeliness: filed within two business days — not reported as late.
Context
These awards are grants of restricted and performance-based units (derivatives) that convert to shares only if time-vesting or performance conditions are met. Grants at $0 are common corporate compensation and are not the same as an insider buying or selling shares; they reflect compensation and retention incentives rather than an immediate market transaction.
Insider Transaction Report
Form 4
PERDUE PETER
President, Popeyes-US & Canada
Transactions
- Award
Restricted Share Units
[F2][F3][F4]2026-07-07+4.463→ 507.367 total→ Common Shares (4.463 underlying) - Award
Restricted Share Units
[F2][F3][F5]2026-07-07+19.384→ 2,203.827 total→ Common Shares (19.384 underlying) - Award
Performance Share Units
[F6][F7]2026-07-07+108.152→ 12,296.065 totalFrom: 2027-03-15Exp: 2027-03-15→ Common Shares (108.152 underlying) - Award
Restricted Share Units
[F2][F3][F8]2026-07-07+20.013→ 2,275.296 total→ Common Shares (20.013 underlying) - Award
Performance Share Units
[F9][F7]2026-07-07+121.023→ 13,759.42 totalFrom: 2028-03-15Exp: 2028-03-15→ Common Shares (121.023 underlying) - Award
Restricted Share Units
[F2][F3][F10]2026-07-07+24.193→ 2,750.588 total→ Common Shares (24.193 underlying) - Award
Performance Share Units
[F11][F7]2026-07-07+260.147→ 29,576.708 totalFrom: 2029-03-15Exp: 2029-03-15→ Common Shares (260.147 underlying)
Holdings
- 43,626.712
Common Shares
- 10,000
Option (Right to Buy)
[F1]Exercise: $64.75Exp: 2029-02-21→ Common Shares (10,000 underlying) - 12,000
Option (Right to Buy)
[F1]Exercise: $66.31Exp: 2030-02-20→ Common Shares (12,000 underlying)
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 share 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|2026-07-09