PERDUE PETER 4

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.