Restaurant Brands International (NYSE: QSR) officer reports RSU vesting
Rhea-AI Filing Summary
Restaurant Brands International Inc. executive Jacqueline Friesner, SVP, Controller and Principal Accounting Officer, reported restricted share unit vesting and related share transactions dated December 15, 2025. Several restricted share units converted into common shares at an exercise price of $0, followed by sales of 750.6975, 688.9169 and 445.9786 common shares at $70.8733 per share to cover withholding tax obligations.
After these transactions, Friesner directly beneficially owns 185,808.0636 common shares. She also holds exchangeable units, restricted share units and performance-based restricted share units that can settle in common shares, with remaining vesting or performance periods running through December 31, 2025, February 23, 2027 and February 28, 2028 and vesting dates on February 22, 2026, December 15, 2026, December 15, 2027, December 15, 2028, March 15, 2027 and March 15, 2028, subject to the stated conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 1,910.279 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,752.923 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,133.364 | $0.00 | -- |
| Exercise | Common Shares | 1,910.279 | $0.00 | -- |
| Sale | Common Shares | 750.698 | $70.8733 | $53K |
| Exercise | Common Shares | 1,752.923 | $0.00 | -- |
| Sale | Common Shares | 688.917 | $70.8733 | $49K |
| Exercise | Common Shares | 1,133.364 | $0.00 | -- |
| Sale | Common Shares | 445.979 | $70.8733 | $32K |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Footnotes (1)
- Represents shares sold to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units. 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. 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 31, 2025. These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026. The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 2026. 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 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 have a performance period beginning February 28, 2025 and ending on 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.
FAQ
What insider transactions did Jacqueline Friesner report at Restaurant Brands International (QSR)?
On December 15, 2025, Jacqueline Friesner reported the vesting of restricted share units that converted into common shares at $0 exercise price, followed by sales of some of those shares to cover withholding tax obligations.
What is Jacqueline Friesner’s role at Restaurant Brands International (QSR)?
According to the filing remarks, Jacqueline Friesner serves as SVP, Controller and Principal Accounting Officer of Restaurant Brands International Inc.