Jill Granat - 15 Dec 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Jill Granat
Issuer symbol
QSR
Transactions as of
15 Dec 2025
Net transactions value
-$376,724
Form type
4
Filing time
17 Dec 2025, 17:56:07 UTC
Previous filing
09 Oct 2025
Next filing
05 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Granat Jill EVP, General Counsel & Secretary C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI /s/ Jill Granat 17 Dec 2025 0001552022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +3,930 +0.86% $0.000000 459,545 15 Dec 2025 Direct
transaction QSR Common Shares Options Exercise $0 +3,881 +0.84% $0.000000 463,425 15 Dec 2025 Direct
transaction QSR Common Shares Options Exercise $0 +2,516 +0.54% $0.000000 465,942 15 Dec 2025 Direct
transaction QSR Common Shares Sale $287,613 -4,058 -0.87% $70.87 461,884 15 Dec 2025 Direct F1
transaction QSR Common Shares Sale $89,111 -1,257 -0.27% $70.87 460,626 15 Dec 2025 Direct F2
transaction QSR Common Shares Gift $0 -5,326 -1.2% $0.000000 455,300 16 Dec 2025 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QSR Restricted Share Units Options Exercise $0 -3,930 -50% $0.000000 3,929 15 Dec 2025 Common Shares 3,930 Direct F6, F8
transaction QSR Restricted Share Units Options Exercise $0 -3,881 -33% $0.000000 7,762 15 Dec 2025 Common Shares 3,881 Direct F6, F10
transaction QSR Restricted Share Units Options Exercise $0 -2,516 -25% $0.000000 7,549 15 Dec 2025 Common Shares 2,516 Direct F6, F12
holding QSR Exchangeable Units 52,965 15 Dec 2025 Common Shares 52,965 Direct F4
holding QSR Option (Right to Buy) 50,000 15 Dec 2025 Common Shares 50,000 $56.92 Direct F5
holding QSR Option (Right to Buy) 25,000 15 Dec 2025 Common Shares 25,000 $66.31 Direct F5
holding QSR Restricted Share Units 4,860 15 Dec 2025 Common Shares 4,860 Direct F6, F7
holding QSR Performance Share Units 36,376 15 Dec 2025 Common Shares 36,376 Direct F9
holding QSR Performance Share Units 35,212 15 Dec 2025 Common Shares 35,212 Direct F11
holding QSR Performance Share Units 43,345 15 Dec 2025 Common Shares 43,345 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units.
F2 Represents shares sold to cover tax equalization gross-ups due to the Company by the Reporting Person.
F3 The Reporting Person gifted these shares in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
F4 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.
F5 These options are fully vested and exercisable.
F6 Each restricted share unit represents a contingent right to receive one common share.
F7 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 31, 2025.
F8 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F9 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 January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 2026. 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.
F10 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
F11 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.
F12 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.
F13 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.

Remarks:

EVP, General Counsel & Secretary