Restaurant Brands (NYSE: QSR) details December 2025 insider moves
Rhea-AI Filing Summary
Restaurant Brands International Inc. executive Jill Granat, EVP, General Counsel & Secretary, reported multiple share transactions in mid-December 2025. On 12/15/2025, several restricted share unit awards vested, delivering 3,930.0928, 3,880.6375 and 2,516.4167 common shares at $0 per share. To cover withholding taxes and tax equalization amounts related to these awards, she sold 4,058.127 and 1,257.3302 shares at $70.8733 per share. On 12/16/2025 she also gifted 5,326 shares in an exempt transaction. After these transactions she directly beneficially owned 455,300.3441 common shares and continues to hold stock options, restricted share units and performance-based share units with vesting dates extending through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Shares | 5,326 | $0.00 | -- |
| Exercise | Restricted Share Units | 3,930.093 | $0.00 | -- |
| Exercise | Restricted Share Units | 3,880.638 | $0.00 | -- |
| Exercise | Restricted Share Units | 2,516.417 | $0.00 | -- |
| Exercise | Common Shares | 3,930.093 | $0.00 | -- |
| Exercise | Common Shares | 3,880.638 | $0.00 | -- |
| Exercise | Common Shares | 2,516.417 | $0.00 | -- |
| Sale | Common Shares | 4,058.127 | $70.8733 | $288K |
| Sale | Common Shares | 1,257.33 | $70.8733 | $89K |
| holding | Exchangeable Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| 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. Represents shares sold to cover tax equalization gross-ups due to the Company by the Reporting Person. The Reporting Person gifted these shares in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended. 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 share 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 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 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 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.
FAQ
Who reported insider transactions for Restaurant Brands International (QSR) in this Form 4?
The reporting person is Jill Granat, who serves as EVP, General Counsel & Secretary of Restaurant Brands International Inc.
What equity awards vested for the Restaurant Brands (QSR) executive on 12/15/2025?
On 12/15/2025, several restricted share unit awards vested, resulting in the delivery of 3,930.0928, 3,880.6375 and 2,516.4167 common shares at $0 per share.
What derivative awards and future-vesting units does the Restaurant Brands (QSR) executive hold?
The executive holds exchangeable units, fully vested stock options to buy common shares at exercise prices of $56.92 and $66.31, and multiple restricted share units and performance-based restricted share units with performance periods and vesting dates running through 2028.