SANTELMO THIAGO T. - 06 Jan 2026 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
President, International
Signature
/s/ Jill Granat, as Attorney-in-Fact for Thiago Santelmo
Issuer symbol
QSR
Transactions as of
06 Jan 2026
Net transactions value
-$47,152
Form type
4
Filing time
08 Jan 2026, 16:32:23 UTC
Previous filing
05 Jan 2026
Next filing
24 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SANTELMO THIAGO T President, International C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI /s/ Jill Granat, as Attorney-in-Fact for Thiago Santelmo 08 Jan 2026 0002015936

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Award $0 +17 +0.03% $0.000000 64,787 06 Jan 2026 Direct F1
transaction QSR Common Shares Sale $47,152 -699 -1.1% $67.44 64,088 07 Jan 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 Restricted Share Units Award $0 +20 +0.93% $0.000000 2,187 06 Jan 2026 Common Shares 20 Direct F5, F6, F7
transaction QSR Restricted Share Units Award $0 +28 +0.93% $0.000000 3,030 06 Jan 2026 Common Shares 28 Direct F5, F6, F8
transaction QSR Performance Share Units Award $0 +180 +0.93% $0.000000 19,581 06 Jan 2026 Common Shares 180 Direct F9, F10
transaction QSR Performance Share Units Award $0 +282 +0.93% $0.000000 30,621 06 Jan 2026 Common Shares 282 Direct F10, F11
transaction QSR Restricted Share Units Award $0 +51 +0.93% $0.000000 5,548 06 Jan 2026 Common Shares 51 Direct F5, F6, F12
transaction QSR Performance Share Units Award $0 +381 +0.93% $0.000000 41,362 06 Jan 2026 Common Shares 381 Direct F10, F13
holding QSR Exchangeable Units 205 06 Jan 2026 Common Shares 205 Direct F3
holding QSR Option (Right to Buy) 10,000 06 Jan 2026 Common Shares 10,000 $55.55 Direct F4
holding QSR Option (Right to Buy) 10,000 06 Jan 2026 Common Shares 10,000 $58.44 Direct F4
holding QSR Option (Right to Buy) 30,000 06 Jan 2026 Common Shares 30,000 $64.75 Direct F4
holding QSR Option (Right to Buy) 7,500 06 Jan 2026 Common Shares 7,500 $66.31 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award.
F2 Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's 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 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 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.
F7 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F8 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
F9 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.
F10 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 performance based restricted share units to which they relate.
F11 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 period.
F12 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.
F13 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 on 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.