Form 4 for QSR Restaurant Brands International Inc.
Accepted 2025-03-04 00:00:00 ET · period of report 2025-02-28 · accession 0001618756-25-000176 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-03-04 | 2025-02-28 | QSR | Kobza Joshua | CEO | A - Grant | $65.19 | +5,207 | 966.5K | +0.5% | +$339.4K |
| DM | 2025-03-04 | 2025-02-28 | QSR | Kobza Joshua | CEO | A - Grant | $0.00 | +172.9K | 153.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2025-02-28 | A | A | 5,207 | $65.19 | 966,501.52 | D | — | — | (F1) 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 2024 Bonus Swap Program under its 2023 Omnibus Incentive Plan ("2023 Plan"). The Reporting Person elected to use 50% of his 2024 net bonus to purchase common shares at a purchase price of $65.19 per share ("Investment Shares"). (F2) Pursuant to the Issuer's 2023 Plan, the purchase price of the Investment Shares is calculated based on the last sales price of a common share of the Issuer on the New York Stock Exchange on the trading day immediately preceding the grant date, in the case February 27, 2025. |
| 2 | Derivative | Restricted Share Units | 2025-02-28 | A | A | 19,527 | $0.00 | 19,527 | D | — · — to — | 19,527 Common Shares | (F11) The Issuer granted the 2025 restricted share units ("2025 RSUs") to the Reporting Person pursuant to the Issuer's 2024 Bonus Swap Program under its 2023 Plan. The Reporting Person elected to use 50% of his 2024 net bonus to purchase Investment Shares and received a matching grant of 2025 RSUs in an amount equal to 50% of his gross bonus, multiplied by a multiple based on the Reporting Person's position level with the Issuer ("RSU Multiplier"), and divided by the purchase price of $65.19 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 2025 RSUs that have not yet vested. (F5) Each restricted share unit represents a contingent right to receive one common share. (F12) These restricted share units vest in equal installments on December 15, 2025, December 15, 2026, December 15, 2027 and December 15, 2028. |
| 3 | Derivative | Performance Share Units | 2025-02-28 | A | A | 153,397 | $0.00 | 153,397 | D | — · 2028-03-15 to 2028-03-15 | 153,397 Common Shares | (F13) 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 condition. |