J. Patrick Doyle - 08 Jul 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Reporting relationship: Executive Chairman, Director
Issuer ticker: QSR
Reported as of: 08 Jul 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 10 Jul 2025, 17:03:14 UTC
Prior SEC filing: 08 Apr 2025
Next SEC filing: 09 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Deul Lim, as Attorney-in-Fact for J. Patrick Doyle

Key filing fact

J. Patrick Doyle filed Form 4 for Restaurant Brands International Inc. (QSR) on 10 Jul 2025.

Key facts

This page summarizes J. Patrick Doyle's Form 4 filing for Restaurant Brands International Inc. (QSR).
2 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 10 Jul 2025, 17:03.

Change

Previous filing in this sequence was filed on 08 Apr 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001337160 Primary reporting owner

DOYLE J PATRICK

Relationship: Executive Chairman, Director
Address: C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI
Signature: /s/ Deul Lim, as Attorney-in-Fact for J. Patrick Doyle
Signature date: 10 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

QSR holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 127,001
Date: 08 Jul 2025
Ownership: Direct

QSR holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 500,000
Date: 08 Jul 2025
Ownership: By LLC
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

QSR transaction Derivative

Restricted Share Units

Award

Transaction value: $0
Shares: +2,973
Change %: +0.91%
Price: $0.000000
Shares after: 328,398
Date: 08 Jul 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 2,973
Exercise price
Footnotes: F2, F3, F4

QSR transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +7,433
Change %: +0.91%
Price: $0.000000
Shares after: 820,996
Date: 08 Jul 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 7,433
Exercise price
Footnotes: F5, F6

QSR holding Derivative

Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,000,000
Date: 08 Jul 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 2,000,000
Exercise price: $66.74

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

These shares are held by Lodgepole 231 LLC, a Delaware limited liability company ("L231LLC"). The Reporting Person is a member of L231LLC and the Investment Manager with the sole voting and dispositive power over all of the assets of L231LLC, including the shares. The Reporting Person disclaims beneficial ownership of the securities held by L231LLC except to the extent of his pecuniary interest therein.

Footnote F2

Each restricted share unit represents a contingent right to receive one common share.

Footnote F3

Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.

Footnote F4

These restricted share units vest in five equal annual installments. The remaining vestings will occur on November 21, 2025, November 21, 2026 and November 21, 2027.

Footnote F5

The performance based restricted share units ("PBRSUs") will have a performance period beginning November 21, 2022 and ending May 21, 2028 and may be earned from 50% for the threshold performance to 200% for maximum performance, based on meeting performance targets tied to the appreciation of the price of RBI common shares.

Footnote F6

Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.