Restaurant Brands (NYSE: QSR) officer sells 30,000 shares near $74.61
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Restaurant Brands International Inc. officer Jacqueline Friesner reported an open-market sale of 30,000 Common Shares of the company on March 16, 2026 at a weighted average price of $74.6105 per share, with individual sale prices ranging from $74.565 to $74.68 per share.
Following the sale, she directly holds 165,726.545 Common Shares. She also has equity-based awards that can convert into additional common shares, including Exchangeable Units, Restricted Share Units and Performance Share Units with performance and vesting periods extending to March 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,000 shares ($2,238,315)
Net Sell
9 txns
Insider
Friesner Jacqueline
Role
See Remarks
Sold
30,000 shs ($2.24M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 30,000 | $74.6105 | $2.24M |
| holding | Exchangeable Units | -- | -- | -- |
| 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:
Common Shares — 165,726.545 shares (Direct);
Exchangeable Units — 9,098 shares (Direct);
Restricted Share Units — 1,928.025 shares (Direct);
Performance Share Units — 17,539.903 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 $74.565 to $74.68 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. 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 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. 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 did Restaurant Brands International (QSR) officer Jacqueline Friesner report on this Form 4?
Jacqueline Friesner reported an open-market sale of 30,000 Restaurant Brands International common shares. The transaction occurred on March 16, 2026, and was executed at a weighted average price of $74.6105 per share, as disclosed in the filing’s transaction and footnote details.
What are the key vesting dates for Jacqueline Friesner’s Restaurant Brands International (QSR) RSUs and PBRSUs?
Some restricted share units vest in equal annual installments with remaining vesting dates on December 15, 2026, 2027, 2028, and 2029. Performance-based restricted share units have performance periods ending in 2027, 2028, and 2029, with vesting on March 15 of those respective years if earned.
How are Restaurant Brands International (QSR) Exchangeable Units described in Jacqueline Friesner’s Form 4?
Each exchangeable unit is convertible, at her election, into Restaurant Brands International common shares or a cash amount based on a weighted average trading price. Conversion occurs at the discretion of the partnership’s general partner, subject to a conflicts committee, and the conversion right has no expiration date.