QSR (NYSE: QSR) CFO invests bonus in stock and receives new equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Siddiqui Sami A. reported acquisition or exercise transactions in this Form 4 filing.
Restaurant Brands International Chief Financial Officer Sami A. Siddiqui reported equity compensation and an investment of part of his 2025 bonus into company stock. He purchased 3,843 common shares at $68.81 per share under the 2025 Bonus Swap Program, using 50% of his 2025 net bonus.
He also received grants of 14,411 restricted share units and 58,131 performance share units, all awarded at no cash cost to him. The filing updates his direct and indirect holdings, including common shares held personally and 235,228 common shares held through a revocable trust for his benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Siddiqui Sami A.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 14,411 | $0.00 | -- |
| Grant/Award | Performance Share Units | 58,131 | $0.00 | -- |
| Grant/Award | Common Shares | 3,843 | $68.81 | $264K |
| 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 | Performance Share Units | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 14,411 shares (Direct);
Performance Share Units — 58,131 shares (Direct);
Common Shares — 35,766.257 shares (Direct);
Option (Right to Buy) — 80,000 shares (Direct);
Common Shares — 235,228 shares (Indirect, By Trust)
Footnotes (1)
- The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of his investment rights pursuant to the Issuer's 2025 Bonus Swap Program under its 2023 Omnibus Incentive Plan ("2023 Plan"). The Reporting Person elected to use 50% of his 2025 net bonus to purchase common shares at a purchase price of $68.81 per share ("Investment Shares"). Pursuant to the Issuer's 2023 Plan, the purchase price of the Investment Shares is calculated based on the last sales price of common shares of the Issuer reported on the New York Stock Exchange on the trading day immediately preceding the grant date, in this case February 24, 2026. These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person. 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 ("2025-1 PBRSUs") granted to the Reporting Person. The 2025-1 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. The shares reported represent an award of performance based restricted share units ("2025-2 PBRSUs") granted to the Reporting Person. The 2025-2 PBRSUs will have a performance period beginning May 15, 2025 and ending May 21, 2028 and to the extent earned will vest on May 21, 2030. 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. The Issuer granted the 2026 restricted share units ("2026 RSUs") to the Reporting Person pursuant to the Issuer's 2025 Bonus Swap Program under its 2023 Plan. The Reporting Person elected to use 50% of his 2025 net bonus to purchase Investment Shares and received a matching grant of 2026 RSUs in an amount equal to 50% of his gross bonus, multiplied by a multiplier based on the Reporting Person's position level with the Issuer ("RSU Multiplier"), and divided by the purchase price of $68.81 per share. The RSU Multiplier was 2.25 for executive vice presidents and above. If the Reporting Person sells any of the Investment Shares, he will forfeit all of the 2026 RSUs that have not yet vested. 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 share 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 QSR CFO Sami Siddiqui do in this Form 4 filing?
Sami Siddiqui reported acquiring company equity through compensation and bonus investment programs. He purchased common shares with part of his 2025 bonus and received new restricted and performance share unit awards, updating both his direct holdings and shares held through a revocable trust.
What stock-based awards did the QSR CFO receive in this transaction?
He received 14,411 restricted share units and 58,131 performance share units. Each restricted share unit represents a right to one common share, while performance share units may increase or decrease based on multi-year performance conditions before vesting.
How is the QSR CFO’s bonus linked to his equity in the company?
Under the 2025 Bonus Swap Program, he used 50% of his 2025 net bonus to buy common shares at $68.81. He also received a matching grant of 2026 restricted share units calculated from his gross bonus and a position-based multiplier under the 2023 Omnibus Incentive Plan.
What indirect Restaurant Brands (QSR) holdings does the CFO report?
He reports 235,228 common shares held indirectly through a revocable trust. He is the settlor and trustee of this trust, which is maintained for his benefit, so these shares are reflected as indirect beneficial ownership in the filing.
Do the options reported for the QSR CFO in this filing vest immediately?
A footnote states that certain options reported as holdings are fully vested and exercisable. Other reported positions are restricted or performance share units, which vest over several years based on time-based schedules and specified performance periods.