Jacqueline Friesner - 22 Feb 2026 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ David Wallace, as Attorney-in-Fact for Jacqueline Friesner
Issuer symbol
QSR
Transactions as of
22 Feb 2026
Net transactions value
-$311,677
Form type
4
Filing time
24 Feb 2026, 18:29:20 UTC
Previous filing
08 Jan 2026
Next filing
27 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Friesner Jacqueline SVP, Controller and Principal Accounting Officer C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 WATERFORD DISTRICT DRIVE, MIAMI /s/ David Wallace, as Attorney-in-Fact for Jacqueline Friesner 24 Feb 2026 0001552051

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +11,749 +6.3% $0.000000 198,817 22 Feb 2026 Direct F1
transaction QSR Common Shares Sale $311,677 -4,617 -2.3% $67.51 194,201 23 Feb 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 Performance Share Units Options Exercise $0 -14,686 -100% $0.000000 0 22 Feb 2026 Common Shares 14,686 Direct F6
holding QSR Exchangeable Units 9,098 22 Feb 2026 Common Shares 9,098 Direct F3
holding QSR Restricted Share Units 1,928 22 Feb 2026 Common Shares 1,928 Direct F4, F5
holding QSR Restricted Share Units 3,538 22 Feb 2026 Common Shares 3,538 Direct F4, F7
holding QSR Performance Share Units 17,540 22 Feb 2026 Common Shares 17,540 Direct F8
holding QSR Restricted Share Units 3,433 22 Feb 2026 Common Shares 3,433 Direct F4, F9
holding QSR Performance Share Units 17,499 22 Feb 2026 Common Shares 17,499 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 2023 PBRSUs vested at 80% of target based on the results of the performance condition.
F2 Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's performance based restricted share units.
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 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.
F4 Each restricted share unit represents a contingent right to receive one common share.
F5 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F6 The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs had a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned vested on February 22, 2026. The 2023 PBRSUs vested at 80% of target.
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 have a performance period beginning February 28, 2025 and ending on 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:

SVP, Controller and Principal Accounting Officer