Jill Granat - 16 Mar 2026 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ David Wallace, as Attorney-in-Fact for Jill Granat
Issuer symbol
QSR
Transactions as of
16 Mar 2026
Net transactions value
-$3,746,040
Form type
4
Filing time
18 Mar 2026, 17:11:41 UTC
Previous filing
27 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Granat Jill EVP, General Counsel and Secretary C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 WATERFORD DISTRICT DRIVE, MIAMI /s/ David Wallace, as Attorney-in-Fact for Jill Granat 18 Mar 2026 0001552022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise +25,000 +5.2% $56.92* 503,845 16 Mar 2026 Direct
transaction QSR Common Shares Sale $1,868,912 -25,000 -5% $74.76 478,845 16 Mar 2026 Direct F1
transaction QSR Common Shares Options Exercise +25,000 +5.2% $56.92* 503,845 18 Mar 2026 Direct
transaction QSR Common Shares Sale $1,877,128 -25,000 -5% $75.09 478,845 18 Mar 2026 Direct F2

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 Option (Right to Buy) Options Exercise -25,000 -50% $0.000000* 25,000 16 Mar 2026 Common Shares 25,000 $56.92 Direct F4
transaction QSR Option (Right to Buy) Options Exercise -25,000 -100% $0.000000* 0 18 Mar 2026 Common Shares 25,000 $56.92 Direct F4
holding QSR Exchangeable Units 52,965 16 Mar 2026 Common Shares 52,965 Direct F3
holding QSR Option (Right to Buy) 25,000 16 Mar 2026 Common Shares 25,000 $66.31 Direct F4
holding QSR Restricted Share Units 3,965 16 Mar 2026 Common Shares 3,965 Direct F5, F6
holding QSR Restricted Share Units 7,834 16 Mar 2026 Common Shares 7,834 Direct F5, F7
holding QSR Performance Share Units 35,540 16 Mar 2026 Common Shares 35,540 Direct F8
holding QSR Restricted Share Units 7,619 16 Mar 2026 Common Shares 7,619 Direct F5, F9
holding QSR Performance Share Units 43,748 16 Mar 2026 Common Shares 43,748 Direct F10
holding QSR Restricted Share Units 13,949 16 Mar 2026 Common Shares 13,949 Direct F5, F11
holding QSR Performance Share Units 42,145 16 Mar 2026 Common Shares 42,145 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 These options are fully vested and exercisable.
F5 Each restricted share unit represents a contingent right to receive one common share.
F6 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F7 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.

Remarks:

EVP, General Counsel and Secretary