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

Signature
/s/ Jill Granat, as Attorney-in-Fact for Jeffrey Housman
Issuer symbol
QSR
Transactions as of
15 Dec 2025
Net transactions value
-$413,519
Form type
4
Filing time
17 Dec 2025, 17:55:38 UTC
Previous filing
09 Oct 2025
Next filing
05 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Housman Jeffrey Chief People & Services Officer C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI /s/ Jill Granat, as Attorney-in-Fact for Jeffrey Housman 17 Dec 2025 0001908101

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +2,558 +1.8% $0.000000 147,487 15 Dec 2025 Direct
transaction QSR Common Shares Options Exercise $0 +2,637 +1.8% $0.000000 150,124 15 Dec 2025 Direct
transaction QSR Common Shares Options Exercise $0 +1,872 +1.2% $0.000000 151,996 15 Dec 2025 Direct
transaction QSR Common Shares Sale $197,093 -2,781 -1.8% $70.87 149,215 15 Dec 2025 Direct F1
transaction QSR Common Shares Sale $216,426 -3,054 -2% $70.87 146,162 15 Dec 2025 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 Restricted Share Units Options Exercise $0 -2,558 -50% $0.000000 2,557 15 Dec 2025 Common Shares 2,558 Direct F5, F7
transaction QSR Restricted Share Units Options Exercise $0 -2,637 -33% $0.000000 5,274 15 Dec 2025 Common Shares 2,637 Direct F5, F9
transaction QSR Restricted Share Units Options Exercise $0 -1,872 -25% $0.000000 5,614 15 Dec 2025 Common Shares 1,872 Direct F5, F11
holding QSR Exchangeable Units 431 15 Dec 2025 Common Shares 431 Direct F3
holding QSR Option (Right to Buy) 20,000 15 Dec 2025 Common Shares 20,000 $55.55 Direct F4
holding QSR Option (Right to Buy) 30,000 15 Dec 2025 Common Shares 30,000 $58.44 Direct F4
holding QSR Option (Right to Buy) 20,000 15 Dec 2025 Common Shares 20,000 $66.31 Direct F4
holding QSR Restricted Share Units 3,377 15 Dec 2025 Common Shares 3,377 Direct F5, F6
holding QSR Performance Share Units 24,251 15 Dec 2025 Common Shares 24,251 Direct F8
holding QSR Performance Share Units 28,170 15 Dec 2025 Common Shares 28,170 Direct F10
holding QSR Performance Share Units 33,888 15 Dec 2025 Common Shares 33,888 Direct F12
* 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 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 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 31, 2025.
F7 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F8 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.
F9 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
F10 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.
F11 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.
F12 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:

Chief People & Services Officer