50,000 Restaurant Brands (NYSE: QSR) shares sold after option exercises
Rhea-AI Filing Summary
Restaurant Brands International Inc. officer Jill Granat exercised stock options and sold shares in paired transactions. On March 16, 2026 and March 18, 2026, she exercised options for 25,000 common shares each day at an exercise price of $56.9200 per share and sold the 25,000 shares acquired on each date in open-market transactions at weighted average prices of $74.7565 and $75.0851, respectively, for total sales of 50,000 shares.
Following these transactions, Granat directly holds 478,845.4063 common shares. She also retains equity-based awards, including 52,965 exchangeable units and various restricted share units and performance share units that each represent rights to receive common shares, with future vesting and performance conditions described in the awards’ terms.
Positive
- None.
Negative
- None.
Insights
Officer executes routine option exercise-and-sell totaling 50,000 shares while retaining a sizable equity position.
Jill Granat exercised options for 50,000 Restaurant Brands common shares at an exercise price of $56.9200 and sold all 50,000 shares in the open market at weighted average prices of $74.7565 and $75.0851. This is a classic exercise-and-sell pattern that converts option value into cash.
After the sales, she directly holds 478,845.4063 common shares, so the disposition represents a minority portion of her equity exposure. She also continues to hold exchangeable units and multiple tranches of restricted and performance share units that vest over future dates or depend on performance, indicating ongoing long-term alignment through equity-based compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (Right to Buy) | 25,000 | $0.00 | -- |
| Exercise | Common Shares | 25,000 | $56.92 | $1.42M |
| Sale | Common Shares | 25,000 | $75.0851 | $1.88M |
| Exercise | Option (Right to Buy) | 25,000 | $0.00 | -- |
| Exercise | Common Shares | 25,000 | $56.92 | $1.42M |
| Sale | Common Shares | 25,000 | $74.7565 | $1.87M |
| holding | Exchangeable Units | -- | -- | -- |
| 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 | -- | -- | -- |
Footnotes (1)
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $74.595 to $74.90 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $74.90 to $75.40 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 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 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.
