Restaurant Brands (NYSE: QSR) exec sells 20K shares after exercising options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International executive Jeffrey Housman exercised options to acquire 20,000 common shares at an exercise price of $55.55 per share, then sold 20,000 shares in an open-market transaction at a weighted average price of $73.4808 per share, with sale prices ranging from $73.38 to $73.585.
After these transactions, he directly holds 162,076.9254 common shares. This sale represents roughly a low-teens percentage of his post-transaction common share holdings and follows the exercise of fully vested options. He also continues to hold exchangeable units, stock options, and multiple restricted and performance share unit awards that may convert into common shares over future vesting and performance periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares ($1,469,616)
Net Sell
13 txns
Insider
Housman Jeffrey
Role
See Remarks
Sold
20,000 shs ($1.47M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (Right to Buy) | 20,000 | $0.00 | -- |
| Exercise | Common Shares | 20,000 | $55.55 | $1.11M |
| Sale | Common Shares | 20,000 | $73.4808 | $1.47M |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Holdings After Transaction:
Option (Right to Buy) — 0 shares (Direct);
Common Shares — 182,076.925 shares (Direct);
Exchangeable Units — 431 shares (Direct);
Restricted Share Units — 2,580.282 shares (Direct);
Performance Share Units — 28,431.617 shares (Direct)
Footnotes (1)
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $73.38 to $73.585 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date. These options are fully vested and exercisable. Each restricted share unit represents a contingent right to receive one common share. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026. These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027. 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. 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. 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 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. 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. 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.
FAQ
What insider transactions did Jeffrey Housman report at Restaurant Brands International (QSR)?
Jeffrey Housman exercised options for 20,000 Restaurant Brands International common shares at $55.55, then sold 20,000 shares in the open market at a weighted average of $73.4808 per share. The sale prices ranged between $73.38 and $73.585 per share.
What stock options did Jeffrey Housman exercise in Restaurant Brands International (QSR)?
He exercised options covering 20,000 Restaurant Brands International common shares at an exercise price of $55.55 per share. Footnotes state these options were fully vested and exercisable, indicating the transaction was part of his existing compensation-related equity awards.
What additional equity awards does Jeffrey Housman still hold in Restaurant Brands International (QSR)?
Beyond common shares, Jeffrey Housman holds exchangeable units, stock options, and several restricted and performance share unit awards tied to Restaurant Brands International common shares. These awards have various vesting and performance periods extending to 2027, 2028, and 2029 as described in the footnotes.
Did the Restaurant Brands International (QSR) insider transaction involve newly granted shares?
The reported activity centers on exercising fully vested options for 20,000 shares at $55.55 and promptly selling 20,000 shares. The remaining entries describe ongoing holdings of exchangeable units and restricted or performance share units, rather than new share grants on the transaction date.