Jacqueline Friesner - 16 Mar 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
16 Mar 2026
Net transactions value
-$2,238,315
Form type
4
Filing time
18 Mar 2026, 17:11:56 UTC
Previous 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 18 Mar 2026 0001552051

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale $2,238,315 -30,000 -15% $74.61 165,727 16 Mar 2026 Direct F1

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
holding QSR Exchangeable Units 9,098 16 Mar 2026 Common Shares 9,098 Direct F2
holding QSR Restricted Share Units 1,928 16 Mar 2026 Common Shares 1,928 Direct F3, F4
holding QSR Restricted Share Units 3,538 16 Mar 2026 Common Shares 3,538 Direct F3, F5
holding QSR Performance Share Units 17,540 16 Mar 2026 Common Shares 17,540 Direct F6
holding QSR Restricted Share Units 3,433 16 Mar 2026 Common Shares 3,433 Direct F3, F7
holding QSR Performance Share Units 17,499 16 Mar 2026 Common Shares 17,499 Direct F8
holding QSR Restricted Share Units 5,089 16 Mar 2026 Common Shares 5,089 Direct F3, F9
holding QSR Performance Share Units 18,892 16 Mar 2026 Common Shares 18,892 Direct F10
* 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 $74.565 to $74.68 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 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.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F5 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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:

SVP, Controller and Principal Accounting Officer