Restaurant Brands (QSR) CEO details tax-related stock sales and RSU vesting
Rhea-AI Filing Summary
Restaurant Brands International Inc. Chief Executive Officer Joshua Kobza reported multiple equity transactions dated December 15, 2025. He acquired 7,096.7312, 8,139.2524 and 5,016.393 common shares at $0 per share upon the vesting and settlement of restricted share units and related awards, increasing his direct holdings before subsequent transactions.
On the same date, he sold 7,937.1632 shares at $70.8733 to cover withholding tax obligations and sold 12,315.2133 and 5,220 shares, with proceeds primarily used to reimburse him for tax equalization gross-ups, including a block at a weighted-average price of $71.0449 per share within a $71.00–$71.14 range. He also gifted 14,000 shares in an exempt transaction and directly owned 947,281.5174 common shares after these transactions, alongside exchangeable units, stock options, restricted share units and performance-based restricted share units that vest or may be earned through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 7,096.731 | $0.00 | -- |
| Exercise | Restricted Share Units | 8,139.252 | $0.00 | -- |
| Exercise | Restricted Share Units | 5,016.393 | $0.00 | -- |
| Exercise | Common Shares | 7,096.731 | $0.00 | -- |
| Exercise | Common Shares | 8,139.252 | $0.00 | -- |
| Exercise | Common Shares | 5,016.393 | $0.00 | -- |
| Sale | Common Shares | 7,937.163 | $70.8733 | $563K |
| Sale | Common Shares | 12,315.213 | $70.8733 | $873K |
| Sale | Common Shares | 5,220 | $71.0449 | $371K |
| Gift | Common Shares | 14,000 | $0.00 | -- |
| holding | Exchangeable Units | -- | -- | -- |
| 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, the proceeds of which are primarily to be used to reimburse the Reporting Person for tax equalization gross-ups previously paid to the Company by the Reporting Person. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $71.00 to $71.14 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. 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 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. 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 February 22, 2023 and ending May 21, 2028 and to the extent earned will vest on May 21, 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 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 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 period.
FAQ
What insider stock transactions did Restaurant Brands (QSR) CEO report on December 15, 2025?
On December 15, 2025, Restaurant Brands (QSR) CEO Joshua Kobza reported the vesting of restricted share units that delivered 7,096.7312, 8,139.2524 and 5,016.393 common shares at $0 per share. He also reported several share sales and a 14,000-share gift, resulting in updated ownership levels.
Did the Restaurant Brands (QSR) CEO make any gifts of stock in this period?
Yes. The Form 4 shows that 14,000 common shares of Restaurant Brands International were gifted by CEO Joshua Kobza in an exempt transaction described as being pursuant to Rule 16b-5 under the Securities Exchange Act of 1934.